GBPCAD has been on the sidelines for the most part of the week as the 1.7130 level seems to be a real struggle for the bulls. Technically, the price could lose some ground in the short-term as the RSI is flattening near the 30 mark, while the stochastics are warning of an oversold market, but it seems to be […]

Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Over the last trading day, the euro / dollar currency pair showed a high volatility of 87 points, as a result of having a V-shaped amplitude of oscillation. From the point of view of technical analysis, we see a tremendous movement, where at first the inertial move was maintained, driving the quotation down to the […]

Over the last trading day, the pound / dollar currency pair showed an underestimated volatility of 65 pips, a rather interesting picture of price development. From the point of view of technical analysis, we have seen a fairly steady correction movement, having a total of more than 180 points of travel from the fulcrum. Where […]

EURAUD recorded some losses in the past few days, crossing below its 20-day simple moving averages (SMA) to touch the 1.6050 support level. The short-term picture thus seems to be slightly negative, though for the medium-term outlook looks to be positive, as it has been developing in an ascending channel since December 2018. Short-term momentum indicators […]

EUR / USD Yesterday’s trading day for the EUR / USD pair ended with a decrease of 30 basis points. And from the maximum of the day, the instrument lost about 90 bp. Thus, such a decrease can be interpreted as the completion of the construction of the ascending wave. Based on the current wave […]

Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

US dollar stabilizes after roller-coaster session amid mixed data and little progress in US-Mexico talks Euro eases from 7-week highs as ECB meeting eyed for direction Oil plunges on rising stocks, global growth jitters but gold soars Fragile risk sentiment as hopes of Mexico deal fade Markets were mostly in a risk-averse mood on Thursday […]

Trend analysis (Fig. 2). On Thursday, we are waiting for a downward movement with the first target of 1.2651 – a sliding level of 50.0% (blue dashed line). Much will depend on the news that will come out at 11:30 UTC+00. Fig. 2 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels […]

NZDUSD had one of its best trading sessions for this year, this week, gaining more than 1.4% to edge above its short-term moving averages in the daily timeframe and reach a fresh one-month high of 0.6665 on Wednesday. The technical indicators are still flashing bullish, with the MACD stretching further above its red trigger line and the RSI moving above its 50 neutral level. The […]

EURGBP stretched its four-week rally to an almost five-month high of 0.8900 on Tuesday before pulling slightly lower. The MACD seems to be losing momentum below its red signal line, the RSI is still hovering around its 70 overbought mark and the red Tenkan-sen is flattening well above the blue Kijun-sen, all signaling a more cautious trading in the short term. The market […]

Between 18th May and 1st June, XM hosted as many as three forex trading seminars in Mexico, presented by Tradepedia trading academy. Our company representatives had the pleasure of giving all those a warm welcome on the premises who joined our educational event in Hermosillo on 18th May, in Oaxaca on 25th May and then […]

To open long positions on GBP/USD you need: Yesterday, pound buyers attempted to continue growth after the release on data on the service sector and reached a resistance of 1.2744, to which I paid attention. At the moment, their task is to return and consolidate above the 1.2700 area, which will keep the upward potential […]

The recovery from 136.53 does look promising indicating more upside pressure once the ongoing correction is complete. This correction could move a bit closer to 137.05 before renewed upside pressure should be expected for a re-test of minor resistance at 137.79 and a break above here, will confirm that wave 2 completed with the test […]

Technical outlook: The wave structure presented here indicates a more clear picture for EURUSD. Please note that despite EURUSD touched 1.1300 levels yesterday, a sharp reversal from there may lead to an increase . Also note that the rally from 1.1107 through 1.1300 levels is still 3 waves, and hence corrective. The EURUSD pair has […]

To open long positions on EURUSD you need: Today, a decision on the interest rate in the eurozone will be published, as well as data on GDP, which may put pressure on the euro. Buyers need to climb to the resistance level of 1.1241, and only with a good report on economic growth rates can […]

EUR/JPY tested important resistance at 122.26, but was repelled lower from here. This means, we can not say for sure, that wave ii completed with the test of 120.75, but we find the odds for a bottom being in place at 120.75. Therefore, we still need the final proof in the form of a clear […]

Crypto Industry News: Brazilian banks will implement a new standardized identification solution based on the Hyperledger Fabric platform. The identity solution – developed jointly by IBM and the central bank of the country, CIP – is to be integrated with the Brazilian payment system (SPB) – a system used by all banks and financial institutions […]

Crypto Industry News: According to financial media reports, Hester Peirce, a commissioner in the US securities regulatory body, insisted on a less cautious approach to innovation in the ETF market in the regulatory market. According to the publication, Peirce from the Securities and Exchange Commission (SEC), called on the other commissioners to allow innovation in […]

Technical Market Overview: The EUR/USD has ignored the first warning sign of Shooting Star candlestick pattern and broke through the technical resistance zone located between the levels of 1.1264 – 1.1274. The bulls have managed to make a new local high at the level of 1.1305, but the rally did not last long and reversed […]

Technical Market Overview: The GBP/USD pair has almost tested the technical resistance at the level of 1.2747 as the local high was made at the level of 1.2742 before the Bearish Engulfing candlestick pattern was made and the price reversed. Currently, the market is testing the nearest technical support at the level of 1.2683 in […]