EURGBP staged a powerful rally over the past month to touch an 11-year high near 0.9500, before retreating somewhat. The price structure still consists of higher highs and higher lows above an upside support line, as well as above the 50- and 200-day simple moving averages (SMAs), implying that the broader outlook remains positive. For […]

EURGBP staged a powerful rally over the past month to touch an 11-year high near 0.9500, before retreating somewhat. The price structure still consists of higher highs and higher lows above an upside support line, as well as above the 50- and 200-day simple moving averages (SMAs), implying that the broader outlook remains positive. For […]

GBPAUD in the near-term appears to lack direction as the price trades between the 200- and 50-period simple moving averages (SMAs). Confirming this picture are the unclear signals from the Ichimoku lines and the stalled directional momentum reflected in the short-term oscillators. The MACD, in the negative region, is rising towards its red trigger line, […]

The coronavirus crisis prompted investors to rush for US dollars, with the greenback skyrocketing against a basket of major currencies by nearly 9% over the past ten days in the aftermath. To ease the panic and avoid currency shortages in the banking sector, the Federal Reserve decided to enhance its latest stimulus package by increasing dollar supply […]

In the United States, all eyes will be on the weekly jobless claims, which will be released at 13:30 GMT on Thursday. This will reveal how much damage the virus outbreak has already inflicted on the US economy, and investors are terrified that the number of Americans filing for unemployment benefits is about to skyrocket […]

EURCHF is trading slightly above the five-year low of 1.0515, flirting with the 20-day simple moving average (SMA) and the immediate resistance at 1.0615, which coincides with the 40-day SMA. The market is remaining well below the descending trend line, creating a strong selling trend which began eleven months ago. Technically, the RSI indicator is pointing up in the […]

Between 22nd February and 14th March, XM carried on with its free forex education seminars in Thailand, reaching Surat Thani and Phitsanulok. It was a pleasure meeting with our event guests in each city and know that the forex education we offer is welcomed by a growing number of online investors who join the XM […]

Canada Nickel company introduction having the 12th largest Nickel deposit nad being undervalued to their peer companies, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#285046 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en […]

WTI crude oil futures have been consolidating within a narrow range over the last week with upper boundary the 23.6% Fibonacci retracement level of the downward wave 54.70-20.50 at 28.58 and lower boundary the multi-year low of 20.50. This sideways move is confirmed by the technical indicators. The RSI is flattening near its 50 level, […]

Dollar inches down as Fed goes all out, announces unlimited QE and expands purchase universe Wall Street closes lower, unimpressed by Fed – but set to recover today as Congress moves closer to a deal In broader FX market, the retreating dollar lifts all other boats Fed drops equivalent of hydrogen bomb on markets The […]

EURJPY is currently tackling the 50-day simple moving average (SMA) and the downtrend line drawn from January 16, after buyers resurfaced last week pivoting the price at the lower Bollinger band around 116.89. The pick-up in positive momentum is also reflected in the short-term oscillators. The MACD, in the negative zone, has moved above its […]

EURJPY is currently tackling the 50-day simple moving average (SMA) and the downtrend line drawn from January 16, after buyers resurfaced last week pivoting the price at the lower Bollinger band around 116.89. The pick-up in positive momentum is also reflected in the short-term oscillators. The MACD, in the negative zone, has moved above its […]

GBPUSD has been consolidating losses since the day it plunged to a 35-year low of 1.1409, unable to close above the 1.1675 barrier too. The momentum indicators, though, are currently encouraging that the sell-off may have found a bottom and the pair may be pushing for some recovery. The RSI and the Stochastics are pointing up and are ready […]

GBPUSD has been consolidating losses since the day it plunged to a 35-year low of 1.1409, unable to close above the 1.1675 barrier too. The momentum indicators, though, are currently encouraging that the sell-off may have found a bottom and the pair may be pushing for some recovery. The RSI and the Stochastics are pointing up and are ready […]

USDCAD is on course to slip beneath the short-term 20-period simple moving average (SMA) creating a neutral mode after the sell-off from the more than four-year high of 1.4670. According to the momentum indicators, the stochastic oscillator is diving towards the oversold zone, while the RSI is turning lower in the positive area. Immediate support […]

USDCAD is on course to slip beneath the short-term 20-period simple moving average (SMA) creating a neutral mode after the sell-off from the more than four-year high of 1.4670. According to the momentum indicators, the stochastic oscillator is diving towards the oversold zone, while the RSI is turning lower in the positive area. Immediate support […]

The preliminary PMI report for March is due to be released in the United Kingdom on Tuesday at 09:30 GMT and February numbers for inflation and retail sales will follow on Wednesday and Thursday, respectively, at the same time. With data for February now considered inconsequential given the unfolding situation with the coronavirus crisis, all […]

USDJPY pushes higher continuing a two-week uptrend which commenced on March 9 from the 101.17 multi year low. The move seems to be backed by positive momentum within the upward sloping Ichimoku lines, as well as the bullish crossover of the 100-period simple moving average (SMA) by the 50-period one. Furthermore, the short-term oscillators also […]

US 500 index (Cash) gapped today underneath the inside swing low of 2,273 reaching a multi-year low of 2,183.95 before buyers surfaced, steering the price back up towards the 2,350 area, where the flat Ichimoku lines are located. The short-term oscillators, although negative, reflect some strengthening in positive momentum. The MACD, in the negative zone, […]

The Spain 35 cash index has come under selling pressure after the strong downfall from the 21-month peak of 10,102 and remaining well below the longer-term simple moving averages (SMAs). However, the price rebounded on the multi-year low of 5,804 enhancing the argument that the picture may not be entirely negative at the moment, giving […]

The Spain 35 cash index has come under selling pressure after the strong downfall from the 21-month peak of 10,102 and remaining well below the longer-term simple moving averages (SMAs). However, the price rebounded on the multi-year low of 5,804 enhancing the argument that the picture may not be entirely negative at the moment, giving […]

AUDUSD has been underperforming in the past two days, breaking back below the 23.6% Fibonacci retracement level of the down leg from 0.6685 to 0.5506 at 0.5783. When looking at the bigger picture, the pair has a clear downside trend and has been moving below the short-term simple moving averages (SMAs). Considering the momentum indicators, […]

Global markets tank again amid a cascade of worrying virus developments US fiscal package stuck in the Senate, igniting fears of a severe delay Yen leads FX market, kiwi sags as RBNZ launches QE, dollar resilient Wall Street futures in the red as Congress dithers and delays Financial markets remain in a state of panic, […]

Between 1st and 29th February, XM organised free forex educational events in Manila, Palawan and General Santos City with the aim to teach online investors how to potentially improve their trading techniques for more successful investment outcome. The seminar titled The Avramis River Combined with Fundamental Analysis was presented by forex instructor Jonathan Lou Reyes […]

Gold appears to have found some support around the November 2019 lows from 1446 to 1455 – pivoting from this region – and is currently capped by the 200-day simple moving average (SMA). Continuing to back the drop, is the declining Tenkan-sen line that has completed a bearish crossover of the flattened blue Kijun-sen line, […]