US dollar index futures (June delivery) exploded higher in recent weeks, as the global pandemic crisis has ignited a dollar liquidity shortage. The price is now trading at three-year highs, with the structure on the weekly chart consisting of higher highs well above the 50- and 200-week moving averages (MAs), which posted a ‘golden cross’ […]

GBPJPY’s nearly one month decline, out of a consolidation phase, appears to have just about touched a fourty-one-month low of 123.97, assisted by the declining Ichimoku lines and the recent bearish crossover in the downward sloping  50- and 100-day simple moving averages (SMAs). The short-term technical indicators confirm the extremely bearish picture and currently point […]

GBPJPY’s nearly one month decline, out of a consolidation phase, appears to have just about touched a fourty-one-month low of 123.97, assisted by the declining Ichimoku lines and the recent bearish crossover in the downward sloping  50- and 100-day simple moving averages (SMAs). The short-term technical indicators confirm the extremely bearish picture and currently point […]

GBPUSD has been gradually tumbling over the last couple of weeks, dropping to levels not seen in several decades. The price is flirting with the fresh low last seen in 1985 that posted on Wednesday at 1.1450. The sharp selling interest was confirmed by the long-term momentum indicators that slipped in their negative territories. The RSI is hovering near the 30 […]

USDCAD accelerated to a four-year high of 1.4532 after finally completing a bullish symmetrical triangle on the weekly chart that become more evident at the start of 2019. The bulls are now set to post the largest weekly gain since 2008 and then likely head for the 2016 peak of 1.4689 as there is no […]

GBPCAD seems to be lacking direction after the descent from the 1.8045 top, as the pair finds itself squeezed by the upper Bollinger band, coupled by the 200-period simple moving average (SMA) and the lower band. The short-term oscillators reflect a pause in the market but lean towards a negative picture. The MACD, in the […]

USDJPY fell sharply in recent weeks to touch 101.20, a level last seen on November 9, 2016 – the day Donald Trump was elected US president. The pair found fresh buy orders near that zone and then staged a major recovery, holding above a short-term uptrend line. On the four-hour chart, the price structure now […]

The US 30 index stretched its one-month rally to a three-year low of 19,899 on Tuesday before pulling slightly higher. The MACD seems to be losing momentum below its red trigger line, while the RSI is still hovering around its 30 oversold mark. Moreover, the red Tenkan-sen line is sloping down below the blue Kijun-sen line, thus all signaling a more cautious trading in the short […]

We are pleased to announce the February 2020 round winners of the 10th anniversary XM promotion, which started on 1st November 2019 in celebration of ten successful years of our company. As a token of appreciation for our clients’ loyalty and trust in XM, we invited all our existing and new customers to take part […]

AUDJPY has come under renewed selling pressure in recent sessions, and at the moment it is testing the 63.50 region. The price structure on the daily chart consists of lower lows beneath both the 50- and 200-day simple moving averages (SMAs), which have posted a death cross lately, with the 50-day falling below the 200-day. […]

Australia will publish employment data on Thursday at 00:30 GMT but with markets gripped by panic over the coronavirus, the focal point for investors is whether the Reserve Bank of Australia will join the quantitative easing (QE) club. The central bank is expected to hold an emergency meeting on Thursday (03:30 GMT) and is certain […]

The Swiss National Bank (SNB) has a scheduled meeting on Thursday at 08:30 GMT and is expected to unleash its own stimulus package in response to the rapid spread of COVID-19 in Europe that has so far affected more than 2,000 people in Switzerland. While a rate cut is almost fully priced in by the markets, the SNB like […]

CADJPY has sold off aggressively in the past few weeks, with the pair falling to 73.85 – a zone last seen in 2011 – before rebounding somewhat. The outlook therefore seems to have turned negative, something endorsed by the 200-day simple moving average (SMA) crossing below the 50-day one to form a ‘death cross’. That […]

CADJPY has sold off aggressively in the past few weeks, with the pair falling to 73.85 – a zone last seen in 2011 – before rebounding somewhat. The outlook therefore seems to have turned negative, something endorsed by the 200-day simple moving average (SMA) crossing below the 50-day one to form a ‘death cross’. That […]

EURCHF has been declining over the last eleven months, driving the pair towards the almost five-year bottom of 1.0540 on March 12. The market is remaining well below the descending trend line and close to the 20- and 40-period simple moving averages (SMAs) in the daily timeframe. Technically, the RSI indicator is pointing down in the […]

EURCHF has been declining over the last eleven months, driving the pair towards the almost five-year bottom of 1.0540 on March 12. The market is remaining well below the descending trend line and close to the 20- and 40-period simple moving averages (SMAs) in the daily timeframe. Technically, the RSI indicator is pointing down in the […]

US shares rally on Fed liquidity boost but futures turn negative as virus uncertainty lingers Trump pushes for $1 trillion stimulus as governments step up virus response Dollar funding squeeze eases, giving other currencies a reprieve Stock markets unable to stop the bleeding Stocks were on the slide again on Wednesday as yesterday’s sharp rebound […]

US shares rally on Fed liquidity boost but futures turn negative as virus uncertainty lingers Trump pushes for $1 trillion stimulus as governments step up virus response Dollar funding squeeze eases, giving other currencies a reprieve Stock markets unable to stop the bleeding Stocks were on the slide again on Wednesday as yesterday’s sharp rebound […]

NZDUSD continues to extend its negative sentiment reaching the 0.5862 level – that being the 161.8% Fibonacci extension of the up move from 0.6203 to 0.6754 – backed by the declining Ichimoku lines and the recent bearish crossover by the downward sloping 50-day simple moving average (SMA) of the 100- and 200-day SMAs. Further aiding […]

NZDUSD continues to extend its negative sentiment reaching the 0.5862 level – that being the 161.8% Fibonacci extension of the up move from 0.6203 to 0.6754 – backed by the declining Ichimoku lines and the recent bearish crossover by the downward sloping 50-day simple moving average (SMA) of the 100- and 200-day SMAs. Further aiding […]

AUDUSD has been in a strong bearish rollercoaster over the last ten days, flirting with the 17-year low beneath the strong psychological mark of 0.6000. The pair has also increased distance below its negatively sloped moving average lines and the flattening Ichimoku cloud, indicating that the recent downtrend might hold for longer. Momentum signals are bearish as well […]

AUDUSD has been in a strong bearish rollercoaster over the last ten days, flirting with the 17-year low beneath the strong psychological mark of 0.6000. The pair has also increased distance below its negatively sloped moving average lines and the flattening Ichimoku cloud, indicating that the recent downtrend might hold for longer. Momentum signals are bearish as well […]

Tesla’s stock price has corrected from the all-time highs piercing below the 50- and 100-day simple moving averages (SMAs) to touch a nearly three-month low of 394.97, which is just below the 76.4% Fibonacci retracement of the up leg from 218.21 to 967.49, of 395.83. The whole aggressive down move, which began on February 19, […]

With world stocks collapsing and entire economies going into lockdown, everyone is wondering how much worse this crisis can get and how long it will last. In a nutshell, the situation will probably get worse before it gets better, both in financial markets and the real economy, as most of Europe and America are still […]

EURCAD continues to focus on the recent 23-month-peak of 1.5817 even after a pullback below the 1.5449 level, which is the 23.6% Fibonacci retracement of the up leg from the 1.4263 to 1.5817. The picture appears to suggest that further advances could unfold, aided by the recent bullish crossover in the stochastic lines with room […]