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Latest Analysis

XM Research - 15 minutes agoNeutral

Technical Analysis – Gold bulls may rest after record high

Gold pulls below record high; might give up more ground Market trend stays positive as long as price holds above 2,463   Gold lost momentum after unlocking an all-time high of 2,531 on Tuesday near the rising constraining line drawn from July’s low, but it maintained its resilience above the 2,500 psychological number by the end of the day.
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XM Research - 35 minutes agoBullish

EURGBP rebounds off 0.8510 Prices remain above downtrend line RSI and MACD above their mid-levels EURGBP looks to be creating a floor around the 0.8510 support level, with s strong obstacle coming from the 200-day simple moving average (SMA) near 0.8545. The pair is developing above the downtrend line but still needs some boost to confirm the bullish structure in the short-term view.
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XM Research - 1 hour agoBullish

Technical Analysis – NZDUSD hits fresh 2-month high

NZDUSD stages a V-shaped recovery from 2024 low The pair jumps above 200-day SMA to its highest since June 14 Oscillators improve notably, suggesting increasing bullish bias NZDUSD has been steadily regaining ground since the beginning of the month after finding its footing at a fresh 2024 low of 0.5848. In the near term, the pair sliced through its 200-day simple moving average (SMA) to post a fresh two-month high on Wednesday.
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XM Research - 2 hours agoBearish

Technical Analysis – USDJPY rises but still in negative territory

USDJPY remains below 200-day SMA and uptrend line RSI ticks higher reflecting the latest move USDJPY is gaining some ground after three consecutive red days and losing around 3% from the 149.50 resistance level. The market has been trading beneath the long-term ascending trend line since the downfall at the beginning of August and more importantly is holding below the 200-day simple moving average (SMA).
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XM Research - 19 hours agoBullish

Silver’s bull run continues; brings 30 level under the spotlight   There is opportunity for more progress; positive outlook expected above 31.20   Silver entered a new bullish phase after hitting a three-month low of 26.43 at the start of August, rising as high as 29.86 on Tuesday. The white metal surpassed its simple moving averages (SMAs) in the daily chart and is also set to close significantly above its 20-SMA in the weekly chart too, which has been cooling upside movements
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XM Research - 23 hours agoBearish

Technical Analysis - Why do oil prices post notable losses?  

Oil prices have decreased lately as a result of various crucial factors Technical Outlook confirms bearish structure Global economic concerns The global economy is encountering substantial difficulties, especially in prominent economies such as China and Europe. China's economic expansion has experienced a deceleration below initial projections, resulting in a decrease in industrial operations and a decline in oil demand.
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XM Research - 1 day agoBullish

Technical Analysis – Nvidia stock enjoys big recovery. What comes next?

Nvidia’s stock extends exponential rally; pauses slightly below 130 There is potential for more upside as overbought signals not confirmed yet Earnings due on Wednesday, August 28 after market close   Nvidia staged another descent rally along with other tech stocks on Monday, sparking optimism that the ongoing bullish wave is not part of a bearish trend, and that the worst is now behind us as the price violated the tentative descending trendline taken from June’s record high.
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XM Research - 1 day agoNeutral

Technical Analysis – EURJPY’s rebound falters ahead of 200-SMA

EURJPY recovers from its 2024 low posted on August 6 But the rebound stumbles before testing 200-day SMA Oscillators are skewed to the downside   EURJPY experienced a vast selloff in July, dropping from a 32-year peak of 175.41 to as low as 154.34 on August 6, which is also the pair’s 2024 bottom. Since then, the pair has been in a recovery mode, but its rebound seems to have paused for now ahead of the 200-day simple moving average (SMA).
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XM Research - 1 day agoBullish

Technical Analysis – GBPUSD awaits strong resistance near 1-year high

GBPUSD’s rebound off 200-day SMA still holds Stochastic in overbought area RSI ticks south above 50 level GBPUSD continues last week's rebound off the 200-day SMA and the 50.0% Fibonacci retracement level of the up leg from 1.2300 to 1.3045 at 1.2670, but with some weakness today. The intraday bias looks neutral to negative, as the stochastic is still standing above the 80 level but is losing some steam, while the RSI, although above 50, seems to be making its way down.
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XM Research - 2 days agoNeutral

Technical Analysis – BTCUSD completes death cross

BTCUSD trades sideways in the past few sessions Sentiment deteriorates after multiple rejections at 50-day SMA Momentum indicators are skewed to the downside BTCUSD (Bitcoin) has been losing ground in August, experiencing a strong selloff on the back of a downbeat July NFP report. In contrast to stocks, Bitcoin has failed to recover notable ground as the 50-day simple moving average (SMA) has repeatedly repelled any upside attempts.
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XM Research - 2 days agoBullish

EURCHF fails to extend above 200-day SMA Momentum oscillators indicate bearish retracement EURCHF has declined after touching the 0.9580 resistance level, which stands around the bearish crossover within the 50- and 200-day simple moving averages (SMAs), but today it is still leaving the door open for more gains. The recovery from the record low of 0.9210 is still in place; however, the technical oscillators are suggesting a bearish wave.
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XM Research - 2 days agoBullish

Technical Analysis – Gold surges to fresh record high

 Gold posts new all-time high on Monday  But oscillators haven’t reached overbought conditions  The divergence suggests that the advance may extend further Gold has been on the rise in the past couple of sessions, storming above the 2,500 psychological mark to a fresh record high on Monday. The latest rally could extend further given that the momentum indicators have not yet entered their overbought territories.
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XM Research - 2 days agoBullish

Technical Analysis – US 500 index slips after 10% recovery

US 500 index rises above long-term uptrend line 200-day SMA still holds well Stochastic and RSI indicate overstretched market The US 500 cash index recovered by almost 10% from the bearish wave that started from the all-time high of 5,673.39 and is currently returning to a position above the long-term ascending trend line. The index found strong support at the 2,090 support level, which stands near the 200-day simple moving average (SMA).
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XM Research - 2 days agoBullish

Technical Analysis – EURUSD tests 1.1050 tricky area

EURUSD flirts with 8-month high again Remains well above the long-term symmetrical triangle 50- and 200-day SMAs ready for bullish cross Momentum oscillators confirm upside move EURUSD has been in a bullish move, especially after the rally above the long-term symmetrical triangle last week. The pair is again battling with the almost eight-month high of 1.1050, with the simple moving averages (SMAs) mirroring the current upside movement as they are all ticking higher.
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XM Research - 6 days agoBullish

Technical Analysis – AUDUSD rebound gets blocked by 50-day SMA

AUDUSD retraces 61.8% of the July-August selloff But meets tough resistance at 50-day SMA AUDUSD has surged by around 4.5% from the August 5 low of 0.6347 but the recovery has hit a snag at the 50-day simple moving average (SMA) in the 0.6635 region. After two days of unsuccessful attempts to overcome this barrier, the price has now slipped below the 61.8% Fibonacci retracement of the July-August slump at 0.6625. The technical indicators remain positive but are sending mixed signals a
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XM Research - 1 week agoBullish

EURJPY is extending its rebound from 8-month lows But is there enough momentum to stretch the gains further? EURJPY is rising for a third straight session, extending the rebound from the August 5 low of 154.38 towards the 38.2% Fibonacci retracement of the July-August slide. The 38.2% Fibonacci of 162.41 has seen some congestion in the past so overcoming it might not be so easy.
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XM Research - 1 week agoBullish

Technical Analysis – Is gold ready to sail to an all-time high?

Gold moves sideways; faces resistance near 2,473 Technical signals are positive for a continuation to 2,500 ahead of CPI data Gold repeated its July bounce off the 200-period simple moving average (SMA) on the four-hour chart to re-examine the 2,473 resistance, which ceased upside pressures earlier this month. The bulls have been unsuccessful so far as the battle against the 2,473 barrier continues for the third consecutive day.
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XM Research - 1 week agoBullish

EURGBP regains strength near 0.8540 after UK CPI surprises to the downside Short-term bias is skewed to the upside; confirmation awaited above 0.8560   EURGBP completed four green weeks since its plunge to a two-year low of 0.8381 and another one is in progress despite the break from a vertical rally that led the price to a three-and-a-half month high of 0.8623. Weaker-than-expected UK CPI data helped the pair to turn up near the 61.8% Fibonacci retracement of the April-July downleg
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XM Research - 1 week agoBearish

Technical Analysis – NZDUSD hits a wall at the 200-day SMA

NZDUSD had been in a recovery mode since early August But 200-day SMA rejects advance after dovish RBNZ meeting Oscillators deteriorate, yet remain neutral-to-positive NZDUSD had been steadily regaining ground since the beginning of the month after finding its footing near the previous 2024 low of 0.5851 registered in April. However, the rebound paused at the 200-day simple moving average (SMA), with the bears getting aided by a dovish RBNZ rate decision on Wednesday.
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XM Research - 1 week agoNeutral

Technical Analysis – USDJPY's sideways trading might end abruptly

USDJPY continues to hover around the 146 area Market participants are preparing for the US CPI release Momentum indicators remain mixed USDJPY continues to trade sideways, hovering around the 146.65-147.71 area for the fifth consecutive session. The bears are holding most of the gains of the sizeable correction from the early July high of 161.94, but have failed to take advantage of USD’s recent underperformance.
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