XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.

Latest Analysis

XM Research - 6 hours agoBullish

JP 225 index remains above uptrend lineRSI and MACD are mixedThe JP 225 cash index has reversed from the 40,000 psychological level, flirting with the red Tenkan sen line of the Ichimoku indicator and the short-term uptrend line.However, for now the technical oscillators reflect contradicting signals. The MACD, in the positive area is rising above its trigger lines, while the RSI is flattening above the neutral threshold of 50.If sellers sink deeper immediate support could come from the 100- and
J
XM Research - 6 hours agoNeutral

Technical Analysis – Gold bulls take a rest after rallying

Gold’s pace moderates within triangle prior to Thursday’s CPI inflation dataTechnical signals favor the bears, but the trend may remain positive Gold held within the range of 2,624-2,670 despite the upbeat US jobs data last Friday, forming a symmetrical neutral triangle at the top of its broad uptrend.Falling technical indicators suggest that buying sentiment is fading, leaving the precious metal vulnerable to downward movements in the upcoming sessions.That said, traders are unlikely to
G
XM Research - 7 hours agoNeutral

AUDJPY trades lower again, below the 200-day SMAThe bullish trend from the August 5 trough remains intactMomentum indicators are getting close to sending bearish signals AUDJPY is recording its second consecutive red candle today, dropping again below the 200-day simple moving average (SMA). However, it managed to register a higher high first, and hence the bullish trend, which is in place since the August 5 low and is characterized by a series of higher highs and higher lows, remains valid.
A
XM Research - 8 hours agoBullish

Technical Analysis – GBPUSD loses 3% from 2½-year high

GBPUSD stops near 1.3100Momentum oscillators suggest upside recoveryGBPUSD is pausing its downward wave that started from the two-and-a-half-year high of 1.3433, hovering near the 50-day simple moving average (SMA) marginally beneath the 1.3100 round level.  The pair has lost around 3%, with the technical oscillators indicating the end of the southward move.
G
XM Research - 1 day agoNeutral

EURCHF is in the red today, after three green sessionsThe medium-term downward trend is still in placeMomentum indicators remain inconclusiveEURCHF is trading lower today, a tad below the September 26, 2022 low at 0.9403, and partly reversing the last three sessions’ upleg. The 50-day simple moving average (SMA) is acting as strong resistance with EURCHF continuing to move inside the contracting triangle pattern.
E
XM Research - 1 day agoNeutral

Technical Analysis – US 500 pares post-NFP gains

US 500 index is edging lower, erasing part of Friday’s rallyIt remains a tad below its all-time high, inside a patternMomentum indicators could turn bearish soonThe US 500 cash index is edging lower today but remains very close to its recent all-time high. Friday’s strong US jobs report caused a significant repricing of Fed rate cut expectations and resulted in an unexpectedly positive reaction in US equities.
U
XM Research - 1 day agoNeutral

Weekly Technical Outlook – USDJPY, NZDUSD, Oil

USDJPY flirts with August’s high after NFP boost; US CPI figures awaitedNZDUSD takes a breather after freefall; RBNZ to deliver a double rate cutWTI oil futures back on the rise as geopolitics worsen; next resistance at 77.16US CPI inflation --> USDJPY  Friday’s nonfarm payrolls report was a strong beat. US jobs growth rose at the fastest pace in six months in September, the unemployment rate fell to 4.1%, and wage growth edged up, leaving investors no option other than to dismiss the
U
N
O
XM Research - 1 day agoBearish

Technical Analysis – EURUSD pauses southward run near 1.0950

 EURUSD posts 6 red sessionsPrice plunges below 1.1000Stochastics indicates upside recoveryBut RSI keeps fallingEURUSD plummeted more than 2% after the pullback from the double top around 1.1200, recording six straight red days. The price also tumbled beneath the short-term uptrend line and the 1.1000 round number, confirming the bearish correction in the near term.The RSI indicator is falling beneath the neutral threshold of 50; however, the stochastic is suggesting the end of the negative ret
E
XM Research - 4 days agoNeutral

Technical Analysis – USDCAD holds on recovery action as NFP report awaited

USDCAD returns above 20-day EMA and familiar constraining lineTechnical signals cannot warrant a meaningful rallySeptember’s US nonfarm payrolls due at 12:30 GMTUSDCAD continued its upward movement from a seven-month low of 1.3418, surpassing its 20-day exponential moving average (EMA) and the constraining ascending line from the 2021 low.The range of 1.3580-1.3620, which encapsulates the 50- and 200-day EMAs as well as the 38.2% Fibonacci retracement of the latest downleg is the next target
U
XM Research - 4 days agoNeutral

USDCHF battles with downtrend line and 50-day SMAMACD and RSI keep upside momentumUSDCHF has been trading in a narrow range between the 0.8400 support and the 0.8540 resistance, which is in alignment with the 50-day simple moving average (SMA) and the resistance trendline from July 2.The bullish divergence in the RSI and MACD remains a source of op
U
XM Research - 4 days agoBearish

Technical Analysis – AUDUSD pauses bullish rally for a while

AUDUSD may find support at 0.6800Stochastic and RSI suggest more declinesAUDUSD has found strong resistance at the 20-month high of 0.6940 and is retreating towards the immediate 20-day simple moving average at 0.6800.The technical oscillators currently confirm the recent bearish correction. Following the pullback from the overbought area, the stochastic oscillator is moving lower, while the RSI is moving horizontally slightly above the neutral threshold of 50.A move to the downside could drive
A
XM Research - 5 days agoBearish

Technical Analysis – Bitcoin in a slippery mode within SMAs

Bitcoin battles with 60,200 areaRSI implies further decreasesBitcoin prices have been falling since they peaked at 66,450 and have been hovering within the 50- and 100-day simple moving averages (SMAs) over the last couple of days. If the market continues to dive, then immediate support could come from the 57,600 support level ahead of the 52,470 barrier, registered on September 7.On the other hand, if the market successfully climbs above the 100-day SMA, it may re-challenge the 200-day SMA, wh
B
XM Research - 5 days agoNeutral

Midweek Technical Look – Gold, GBPUSD, EURGBP

Gold flatlines ahead of the US nonfarm payrolls report; bulls are still in town GBPUSD sinks after BoE signals aggressive rate cutsEURGBP turns swiftly up within a bearish channel
G
G
E
XM Research - 5 days agoBearish

Technical Analysis – NZDUSD retreats below short-term uptrend line

NZDUSD pulls back from its 15-month topStochastic tumbles to oversold regionRSI falls near 50 levelNZDUSD lost more than 2% following the pullback from the 15-month high of 0.6380, flirting with the short-term ascending trend line and the 20-day simple moving average (SMA).In the previous days, the 50- and 200-day SMAs posted a bullish crossover, but the market is currently retreating, taking the technical oscillators lower.
N
XM Research - 6 days agoNeutral

Technical Analysis – Will WTI oil futures continue higher?

WTI oil futures bounce up but not meaningfullyTechnical risks favor the bulls; resistance at 73.00-74.00WTI oil futures jumped back to the 70 territory after Iran fired around 200 ballistic missiles towards Tel Aviv and Jerusalem on Tuesday, reminding investors that the tensions in the Middle East could escalate further before the situation improves.Despite the bullish correction, the price could not overcome the support-turned-into-resistance zone of 71.95 and the descending trendline from Ju
O
XM Research - 6 days agoNeutral

Gold moves within 2,625-2,673Technical oscillators look flatGold prices have been moving sideways since the end of September, with the mid-level 50-period simple moving average (SMA) at 2,647. The price declined from the 2,673 resistance, but the broader outlook remains positive. The MACD and the RSI indicators are holding slightly above the zero a
G
XM Research - 6 days agoNeutral

Technical Analysis – USDJPY outlook remains gloomy

USDJPY holds below key resistance levels as October’s session startsTechnical signals cannot warrant a bullish trend reversalUSDJPY had a lackluster beginning to October, with a neutral close around its 20-day EMA and previously a rejection near the 50% Fibonacci retracement of the 2023-2024 upleg at 144.50.Currently, the pair is attempting to reach the 144.50 territory again, but there may be more hurdles to overcome.
U
XM Research - 6 days agoBullish

Technical Analysis – GBPUSD slips near strong support of 1.3265

GBPUSD remains above 20-day SMAStochastic and RSI reflect latest downside move.GBPUSD is notably retreating from the two-and-a-half-year high of 1.3433, meeting the 20-day simple moving average (SMA) at 1.3235. Furthermore, the pair is still hovering above the strong support of 1.3265, but the technical oscillators mirror the latest downside move.The stochastic oscillator is heading south from the overbought region with strong momentum, while the RSI is moving horizontally above the neutral thre
G
XM Research - 1 week agoNeutral

Technical Analysis – EURUSD turns neutral amid double-top formation

EURUSD holds above 20-day SMA but bias turns neutralBulls still have a chance as field of support levels lies beneathBut double-top formation hard to ignoreEURUSD has retreated from last week’s 14-month high of 1.1213, erasing the short-term bullish bias. But the pair is so far managing to hold above the 20-day simple moving average (SMA) around 1.1108.The momentum indicators underscore the neutral picture in the near term as the RSI appears to be flatlining just above the 50 level, while the
E
XM Research - 1 week agoBearish

Technical Analysis – US 500 calms down after hitting new record high

US 500 index climbed to new record highs last weekBut got rejected and has retreated a little sinceMACD and RSI look overboughtFollowing the bounce off the 5,385 support level, the US 500 (cash) index added more than 7%, reaching an all-time high of 5,772.52 last week. Technically, the index is sailing near overbought waters, according to the MACD oscillator.
U

Trade Ideas

View All
SymbolSourceDirection

Market Summary

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.