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Latest Analysis

XM Research - 4 hours ago

AUDJPY trades at the lowest level since mid-March Yen benefits from the BoJ rate hike and currency interventions Momentum indicators support the current bearish move AUDJPY is in freefall, trading at the lowest level since March 15, around 11% below the all-time high of 109.36. This correction is unprecedented and caused by multiple currency interventions from the Japanese authorities and the BoJ announcing its second rate hike in the current tightening cycle.
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XM Research - 10 hours agoNeutral

Technical Analysis – NZDUSD poised for bullish rotation

NZDUSD rotates higher after touching familiar support zone Technical signals increase the odds for upside reversal FOMC policy announcement might affect USD at 18:00 GMT   NZDUSD has had a terrible month, but a bullish rotation this week has brought hope that the bearish phase could be over. The pair changed direction and moved north after reaching April’s pivotal zone of 0.5850, creating a bullish engulfing candlestick pattern.
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XM Research - 10 hours agoBearish

EURGBP fails to extend bullish actions MACD and RSI indicate upside movements EURGBP has been fighting with the short-term descending trend line over the last four sessions and it also had a spike towards the 50-day simple moving average (SMA) near 0.8460. The technical oscillators are showing some positive signs. The RSI is heading north marginally beneath the 50 level, while the MACD is extending its recovery above its trigger line, below the zero level.
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XM Research - 11 hours agoBearish

Technical Analysis – USDJPY’s decline faces 200-day SMA

USDJPY extends its retreat from recent 38-year high The bears tested 200-day SMA for first time since January 9 Momentum indicators start to warn of oversold conditions USDJPY has been in a steady retreat from its 38-year peak of 161.94, falling to an almost three-month low on Wednesday. Meanwhile, the pair has reached a tipping point as it challenged the 200-day simple moving average (SMA) for the first time since January 9, where a downside violation could suggest the beginnin
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XM Research - 11 hours ago

Technical Analysis – Gold fights with 2,420 level within Ichimoku cloud

Gold rebounds off 2,370 support Prices penetrate short-term downtrend line But momentum oscillators look overstretched Gold prices have been in a bullish corrective mode during the week, paring/reversing some of its losses from July 24. The price has now surpassed the short-term downtrend line and the simple moving averages (SMAs), testing the 2,420 level.
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XM Research - 1 day 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 - 1 day 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 - 1 day 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 - 1 day 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 - 1 day 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 - 1 day 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 - 2 days 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 - 2 days 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 - 2 days 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 - 2 days 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 - 2 days 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 - 2 days 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 - 5 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 - 5 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 - 6 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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