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Latest Analysis

XM Research - 4 hours agoNeutral

Technical Analysis – Is Visa stock set for its next bull run?

Visa stock trends southwards; reaches crucial support area Technical signals remain discouraging; bears could take control below 258 Earnings scheduled for release today after market close   Visa stock is currently located at the bottom of a short-term bearish channel and around the 200-day exponential moving average (EMA) at 264.50, which has been a critical pivot point since late 2022. Hence, it will be intriguing to observe if the stock can reverse its direction and move upwards
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XM Research - 4 hours agoBullish

US 100 index rebounds off 50-day SMA Stochastics create bullish cross RSI lacks direction for now Since its deep fall to the 19,470 support, the US 100 (cash) index has been moving back and forth near the short-term uptrend line, creating a base around the 50-day simple moving average (SMA). The technical picture indicates that the rebound is likely to continue.
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XM Research - 5 hours agoNeutral

Technical Analysis – AUDUSD tumbles below key 0.6690 zone

AUDUSD falls back within a range RSI and MACD support further declines Dip below 0.6575 could carry larger bearish implications Rebound above 0.6690 may invite more bulls AUDUSD has been trading in a free-fall mode since July 15, while yesterday, the bears cleared the key barrier of 0.6690. Now, the pair is back within the sideways range that contained most of the price action between May 3 and July 3. As long as the pair remains within that range, the outlook could be consider
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XM Research - 6 hours agoBullish

Technical Analysis – GBPUSD holds well below the 1-year high

GBPUSD eases but remains above uptrend line Stochastics and RSI suggest more losses GBPUSD is retreating after a strong rally towards the one-year high of 1.3045. The technical oscillators also confirm the bearish retracement. The stochastic is diving into oversold territory, while the RSI is pointing slightly down above the 50 level. If
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XM Research - 6 hours agoBearish

Technical Analysis – EURJPY extends pullback from 32-year high

EURJPY jumped to its highest since January 1992 on July 11 But is trending lower since then due to Japanese intervention Oscillators deteriorate significantly, suggesting bearish bias EURJPY has been in an uptrend since the beginning of the year, storming to a fresh 32-year peak of 175.41. Nevertheless, the pair experienced a pullback following a currency intervention from Japan, with the retreat extending towards the 50-day simple moving average (SMA) and ascending trendline in
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XM Research - 23 hours agoNeutral

Technical Analysis – Tesla stock undecided ahead of earnings

Tesla shares jump to highest level since September 2023 But the latest high was followed by back-and forth-sessions Momentum indicators deteriorate but remain in positive areas Tesla’s shares experienced a massive surge in late June, gaining more than 40% and storming to a fresh 10-month peak of 268.00 on July 7. However, the stock has been trading without a clear direction since then, with investors probably awaiting tomorrow’s Q2 earnings release for fresh guidance.
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XM Research - 1 day agoNeutral

Technical Analysis – EURCHF hovers around 38.2% Fibo

EURCHF spikes lower following rejection at 23.6% Fibo Price trades sideways after break below 50-day SMA Momentum indicators are neutral-to-negative   EURCHF has been staging a solid recovery since mid-June, advancing to its highest level in more than a month last Monday. However, the pair experienced a strong pullback following its rejection around 0.9796, which is the 23.6% Fibonacci retracement of the 0.9252-0.9928 upleg.
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XM Research - 1 day agoBullish

US 500 index capped by 20-day SMA Near-term rising line still holds Stochastics and RSI suggest upside moves The US 500 (cash) index rebounded off the short-term uptrend line around the 5,520 support level after falling from a record high of 5,673.39. The technical oscillators suggest a possible market upside retracement. The stochastic oscillator is pointing upwards after the dive towards the 20 level, while the RSI is heading up following the plunge beneath the uptrend line, whi
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XM Research - 1 day ago

Weekly Technical Outlook – USDCAD, Gold, EURUSD

BoC policy meeting may send loonie even lower US Core PCE index could drive gold south EURUSD may not affected by Eurozone PMIs figures BoC interest rate decision --> USDCAD The Bank of Canada will announce its monetary policy on Wednesday. This bank lowered interest rates by 25 basis points at its recent meeting, citing falling inflation and slow economic growth.
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XM Research - 1 day agoBearish

Technical Analysis – Gold declines sharply from all-time high

Gold jumped to its highest level ever on July 17 But reversed lower due to reaching overbought conditions Despite latest weakness, oscillators remain positively tilted Gold had been in a steady uptrend since late May, which led to a fresh all-time high of 2,483 last week. However, the pair quickly corrected lower as the momentum indicators warned of an overstretched advance.
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XM Research - 4 days ago

Technical Analysis – Silver sinks below 30

Silver erases June’s gains; eyes on 28.50 Technical signals favor the bears Silver’s performance took a hit, marking its worst week in 2024 as the US dollar switched to recovery mode and investors questioned China’s economic outlook. As a result, the metal swiftly reversed a substantial part of its June upswing in just three days and is currently trading near 29.24, correcting by around 10% from May’s 11-year high of 32.49. The former resistance trendline drawn from May’
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XM Research - 4 days agoNeutral

Technical Analysis – USDCAD advances within trading range

USDCAD bounces off 1.3600 and 200-day SMA Momentum oscillators suggest more gains USDCAD has been still developing within a trading range of 1.3600 and 1.3790 since April 17, with strong support at the 200-day simple moving average (SMA). The recent rebound from 1.3600 reflects the oscillators' strengthening momentum. According to technical oscillators, the stochastic oscillator is pointing upward in the overbought region, while the RSI is rising, crossing above the neutral thresh
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XM Research - 4 days agoBearish

Technical Analysis – GBPJPY retraces lower after hitting 16-year high

GBPJPY pulls back from its highest level since August 2008 RSI and MACD ease but remain in positive territories GBPJPY has been in a prolonged uptrend since early 2024, posting a 16-year high of 208.10 on July 11. However, the pair has been undergoing a pullback since then probably due to the advance reaching overbought conditions. Should the slide extend further, the recent support of 202.08 could act as the first line of defense.
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XM Research - 4 days agoNeutral

EURAUD trades a tad below a key resistance area Decent upleg recorded from the 12-month low Momentum indicators are mostly bullish EURAUD is hovering around the key 1.6208-1.6250 area after recording an aggressive upleg from the 1-year low at 1.5996. This upleg has pushed EURAUD above both the April 19, 2024 downward sloping trendline and the 50-day simple moving average (SMA), but as long as the recent series of lower highs is maintained, the downtrend from the March 5, 2024 high
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XM Research - 5 days agoBullish

Technical Analysis – Is AUDCAD ready to extend its uptrend?

AUDCAD prints higher highs and higher lows RSI and MACD detect positive momentum Break above 0.9260 could signal trend continuation Dip below 0.9125 may allow a decent correction AUDCAD rebounded today from slightly above the support of 0.9270, marked by the low of July 9 and the inside swing high of June 12.  Overall, the pair is printing higher highs and higher lows above all three of the plotted exponential moving averages (EMAs) on the daily chart, which paints a positive
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XM Research - 5 days agoBullish

Technical Analysis – BTCUSD reclaims 50-day SMA

BTCUSD jumps to a fresh 1-month high The break above 50-day SMA improves technical outlook Momentum indicators are heavily tilted to the bullish side BTCUSD (Bitcoin) has come under significant buying pressure in the past few sessions, surpassing both its 50- and 200-day simple moving averages (SMAs). On Wednesday, the price stormed to a fresh one-month high a tad above the 66,000 handle before paring some gains.
XM Research - 5 days agoBearish

EURGBP rises but the outlook remains bearish MACD and RSI suggest bullish move in near term EURGBP rebounded off the two-year low of 0.8382 that was posted during Wednesday’s session, with the technical oscillators confirming an upside reversal. The RSI is sloping upwards after the pullback from the 30 level, while the MACD is trying to regain some ground beneath its trigger and zero lines.
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XM Research - 5 days agoNeutral

Technical Analysis – EURUSD reaches the midpoint of a long-term downtrend

EURUSD rally slows down near 4-month high Gets bearish vibes, but positive trend is still alive above 1.0900 ECB to hold interest rates steady at 12:15 GMT; Will it signal a second rate cut?   EURUSD took a breather after heightened expectations of a Fed rate cut lifted the pair as high as 1.0947 on Wednesday. The price has been displaying a pattern of higher highs and higher lows in the past three weeks, but its failure to reach the upper band of the bullish channel on th
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XM Research - 5 days ago

Midweek Technical Look – USDJPY, USDCHF, Oil

USDJPY recoups some losses after drop to 6-week low USDCHF struggles to tumble below 0.8825 WTI crude oil advances after bouncing off 80.50
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XM Research - 5 days agoBullish

Technical Analysis – WTI oil futures hold above 80.00

WTI futures rebound from a 3-week low Next target for the bulls is the July peak of 84.50 Momentum indicators are cautiously tilted to the upside   WTI oil futures (August delivery) had been in a steady uptrend since early June before experiencing a pullback following their rejection at a fresh two-month high of 84.50. Although the price fell to its lowest level in three weeks, it quickly bounced back as the 80.00 psychological mark acted as a strong floor.
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