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Latest Analysis

XM Research - 1 hour agoNeutral

Amazon stock experienced a pullback from its all-time high But the price found strong support ahead of Q2 earnings Momentum indicators are heavily tilted to the downside Amazon’s stock has been in a steady uptrend since late 2023, storming to a fresh record peak of 201.00 on July 8. Although the price corrected lower, falling victim of a broader tech selloff, it seems to have paused its retreat and recouped some losses ahead of its Q2 earnings announcement on Thursday.
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XM Research - 4 hours agoNeutral

Technical Analysis – Has the rally in GBPCAD peaked?

GBPCAD stabilizes near 3-year high, at the top of a bullish channel Technical signals flag weaker sessions ahead; bears eye 1.7700 level   GBPCAD is in the fifth week of gains, having exponentially risen to 1.7849 last week– the highest level reached since March 2021. The pair has been on the sidelines this week, retaining marginal gains so far, with the RSI and the MACD signaling growing appetite for selling as the former has changed trajectory to the downside after peaking abo
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XM Research - 6 hours agoBullish

Technical Analysis – Facebook stock holds bullish bias but strong resistance awaits near SMAs

Facebook stock pulls back off 442 Uptrend line acts as support level RSI and MACD suggest more decreases Facebook stock price has rebounded somewhat after falling to a 12-week low of 442 on July 25 but momentum indicators now suggest that the market sentiment might get worse before getting better as the RSI is reversing to the downside below its 50-neutral threshold.
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XM Research - 7 hours agoNeutral

Technical Analysis – EURJPY stubbornly fights for an upturn

EURJPY remains resilient above pivotal territory Some recovery likely, but short-term risk not bullish yet Eurozone Q2 GDP growth +0.3% q/q vs +0.2% q/q expected   EURJPY is making another attempt to pierce through the 168.00 level and the support-turned-resistance trendline from February at 168.17. Although previous efforts were fruitless, the pair keeps defending itself above long-term trendlines for the fourth day, and with oversold conditions detected by the technical ind
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XM Research - 8 hours agoBullish

Technical Analysis – US 100 index stops at uptrend line; positive risks not faded yet

US 100 heads up, standing beneath short-term rising trend line Stochastics point north above oversold region RSI ticks higher below 50 level The US 100 (cash) index had a strong pullback off the 18,715 support, failing to extend its dive from the all-time high of 20,775 below the long-term ascending trend line. Technically, the stochastic oscillator is moving up following the bullish crossover within its %K and %D lines in the oversold zone, while the RSI is ticking slightly up
XM Research - 8 hours agoBearish

Technical Analysis – GBPUSD extends pullback from 1-year high

GBPUSD declines steadily from 1-year high The bears eye the 50-day SMA as next target Momentum indicators ease but remain positively tilted GBPUSD had been on the rise following its bounce off the 50-day simple moving average (SMA) in late June. Although the pair posted a fresh one-year high of 1.3043 on July 17, it has been undergoing a downside correction since then.
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XM Research - 10 hours agoNeutral

AUDUSD loses 4% from 0.6797 Prices currently recovers somewhat above 20-period SMA Stochastics enter overbought region AUDUSD has been moving sideways since July 25, following a decline below the 23.6% Fibonacci retracement level of the down leg from 0.6797 to 0.6512 at 0.6580 in the 4-hour chart. The pair has lost more than 4% over the last two weeks; however, the technical oscillators are indicating an upside move.
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XM Research - 1 day agoBullish

USDJPY caught in a battle to overcome 20-period SMA Near-term momentum is positive but weak Bulls face an uphill struggle to regain control USDJPY has started the week on a somewhat positive note but it’s proving difficult for the bulls to secure the upper hand as a tough battle rages around the 20-period simple moving average (SMA) in the 4-hour chart.
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XM Research - 1 day ago

Weekly Technical Outlook– USDJPY, GBPUSD, Gold

USDJPY rapid fall pauses near key support region as investors wait for BoJ tightening Gold shows signs of recovery ahead of FOMC rate decision and nonfarm payrolls Will the BoE meeting send GBPUSD lower? Focus turns lower to 1.2750 area   BoJ rate decision --> USDJPY Central bank meetings will take center stage this week, with the Bank of Japan’s policy announcement on Wednesday drawing the most attention as investors speculate about the possibility of double tightening mea
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XM Research - 1 day agoBullish

Technical Analysis – US 500 index bounces off long-term uptrend line

US 500 bearish correction in short-term is not enough for retracement Momentum oscillators turn up The US 500 (cash) index rebounded significantly off the long-term ascending trend line and surpassed beyond the 50-day simple moving average (SMA). The bearish correctio in the short-term view may came to an end as the technical oscillators are also sloping up.
XM Research - 1 day agoBearish

EURCHF tumbles to a fresh 1-month bottom But the price finds its feet at the 61.8% Fibo Momentum indicators are heavily skewed to the downside   EURCHF has been undergoing a strong pullback following its rejection around 0.9796, which is the 23.6% Fibonacci retracement of the 0.9252-0.9928 upleg. Although the pair managed to pause its retreat at the 61.8% Fibo of 0.9510, its rebound is being held down by the 200-day simple moving average (SMA).
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XM Research - 1 day agoNeutral

Technical Analysis – Gold bounces off 50-day SMA

Gold was retreating from its all-time high But the 50-day SMA prevented further declines Despite latest weakness, oscillators remain neutral-to-positive Gold had been in a strong uptrend since late May, which led to a fresh all-time high of 2,483 on July 17. Although bullion has been experiencing a significant pullback since then, the 50-day simple moving average (SMA) seems to be capping its downside for now.
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XM Research - 4 days agoBullish

Technical Analysis – USDCAD eases after aggressive rally to 1.3845

USDCAD exits from consolidation area Momentum oscillators indicate bearish correction USDCAD rallied towards the 1.3845 high and completed the seventh consecutive green day on Thursday following the bounce off the 200-day simple moving average (SMA) near 1.3600. The pair climbed above the medium-term trading range, suggesting more gains may be on the cards.
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XM Research - 4 days ago

Technical Analysis – GBPJPY extends decline to a fresh 2-month low

GBPJPY pulls back from its 16-year peak of 208.10 The pair falls to its lowest level since May 16 RSI and MACD warn of an overstretched retreat 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, with the price violating both the supportive trendline in place since January and the 50-day simple moving average (SMA).
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XM Research - 5 days ago

Midweek Technical Look – USDJPY, GBPUSD, EURGBP

USDJPY confirms bearish trend reversal after brutal decline; key support nearby GBPUSD escapes broad sell-off with little injuries, but downside risks remain EURGBP set the ground for a bullish pivot within bearish channel
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XM Research - 5 days ago

Technical Analysis – WTI crude oil creates bearish wave

WTI crude oil tests 77.70 support Price holds beneath SMAs RSI and MACD indicate more losses WTI crude oil futures have been in a bearish movement after the pullback off the 84.70 resistance level. It has since slipped below the simple moving averages (SMAs) in the daily timeframe and the market is currently testing the 77.70 support level before diving towards the long-term ascending trend line near 74.80. A successful break beneath this region could open the door for more los
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XM Research - 5 days agoBearish

Technical Analysis – EURUSD pulls back towards converging SMAs

EURUSD retraces lower after hitting 4-month high The bears eye converging 50- and 200-day SMAs Oscillators deteriorate but remain in positive zones   EURUSD had been rising steadily following its bullish breakout from a downward sloping trendline in early July, posting a fresh four-month peak of 1.0947 last week. However, the pair has been experiencing a correction since then, with the price approaching the converging 50- and 200-day simple moving averages (SMAs).
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XM Research - 5 days agoBearish

EURGBP fails to touch 2-year low Momentum oscillators suggest a positive move EURGBP finally reversed to the upside before touching the two-year low of 0.8382, with immediate resistance coming from the 20-day simple moving average (SMA) near the 0.8430 bar. The downward pattern started at the end of April, however, and may not change unless the market manages to crawl substantially above the descending trend line.
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XM Research - 6 days agoBullish

Technical Analysis – Gold seeks new buyers to trim rapid downfall

Gold turns up again after brutal downfall Short-term risk is positive, but caution required near 2,430-2,438 US S&P Global PMIs could generate fresh volatility at 13:45 GMT   Gold found fresh buying interest after its aggressive pullback from a record high of 2,483 paused at 2,383. The precious metal is currently looking to gain more ground following its close above the 20-period simple moving average (SMA) and the 38.2% Fibonacci retracement of the latest upleg at 2,410.
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XM Research - 6 days agoNeutral

Technical Analysis – ETHUSD trades flat after ETF debut

ETHUSD has been rangebound in the past few sessions Spot ETF launch did not trigger much volatility Momentum indicators remain positively tilted ETHUSD (Ethereum) has experienced a strong rally in July, breaking above its 50-day simple moving average (SMA). However, the leading altcoin has been trading sideways for more than a week now, even though the short-term oscillators have been hovering deep in their positive zones.
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