AUDUSD declined to close below the Ichimoku cloud and the short-term downward-sloping channel on Tuesday, with the price changing direction slightly north and back into the 0.6800 area. Technically, the rebound in the RSI and the pause in MACD’s negative momentum is an encouraging signal for the next move in the price. However, as long as […]

AUDUSD declined to close below the Ichimoku cloud and the short-term downward-sloping channel on Tuesday, with the price changing direction slightly north and back into the 0.6800 area. Technically, the rebound in the RSI and the pause in MACD’s negative momentum is an encouraging signal for the next move in the price. However, as long as […]

It is with great pleasure to announce that as of February 2020 XM will host further free forex seminars in the Philippines, due to be organised in various locations across the country, with the aim to bring forex trading closer to local online investors with professional education at hand. In 2019 alone, XM visited over […]

It is with great pleasure to announce that as of February 2020 XM will host further free forex seminars in the Philippines, due to be organised in various locations across the country, with the aim to bring forex trading closer to local online investors with professional education at hand. In 2019 alone, XM visited over […]

On October 21, the GBP/USD pair was demonstrating an ascending wedge reversal pattern while approaching the depicted SUPPLY-zone (1.2980-1.3000). Since Then, the GBP/USD pair has failed to achieve a persistent bullish breakout above the depicted SUPPLY-zone (1.2980-1.3000) which corresponds to a previous Prominent-TOP that goes back to May 2019. This indicated a high probability of […]

On October 21, the GBP/USD pair was demonstrating an ascending wedge reversal pattern while approaching the depicted SUPPLY-zone (1.2980-1.3000). Since Then, the GBP/USD pair has failed to achieve a persistent bullish breakout above the depicted SUPPLY-zone (1.2980-1.3000) which corresponds to a previous Prominent-TOP that goes back to May 2019. This indicated a high probability of […]

The Dollar index might be forming a bearish Head and Shoulders pattern. Current price position should be on the right shoulder. The important support neckline is at 97.30 while important resistance is found at 97.80. Green line – neckline support Blue triangles – shoulders Blue lines – Head The Dollar index has short-term resistance at […]

The Dollar index might be forming a bearish Head and Shoulders pattern. Current price position should be on the right shoulder. The important support neckline is at 97.30 while important resistance is found at 97.80. Green line – neckline support Blue triangles – shoulders Blue lines – Head The Dollar index has short-term resistance at […]

Risk Warning: 69.10% 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: 69.10% 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 […]

EURSEK continues to look negative in the short-term with sellers attempting again to break below the 10.514 support. Negative momentum seems to be returning with the nearing of a bearish cross of the 100-day simple moving average (SMA) by the 50-day SMA around 10.700. The technical indicators also reflect the improving negative momentum. The MACD, […]

The main event will be the UK general election on Thursday, which could decide what form Brexit takes and shape the pound’s fortunes for months. Central bank meetings will serve as a prelude. The Fed is set to keep rates unchanged, and may reinforce the message that it will remain on hold for a while. […]

NZDCHF is nearing the 200-day simple moving average (SMA) after buyers drove the price up from the 0.6280 level – which is the 23.6% Fibonacci retracement of the down leg from 0.6670 to 0.6161 – and past various restricting obstacles. The recent climb seems to be backed by positive signals from the technical indicators and […]

Spotlight falls on the US jobs report today; risks around dollar asymmetric Is European fiscal stimulus not a pipe dream after all? OPEC pledges deeper production cuts, but oil doesn’t ‘buy it’ In Britain, Boris Johnson debates Jeremy Corbyn for the final time Nonfarm payrolls: Mind the asymmetry The main event today will be the […]

USDCAD looks to be pushing lower with sellers trying to form a clear-cut direction. The recent ascent from 1.3041 failed to reach the resistance structure and sellers reversed the price back down from the 1.3289 area – which is the 50.0% Fibonacci retracement of the down leg from the 1.3564 to 1.3015 – and below […]

The GER30 stock index gave up some ground after stubbornly and unsuccessfully testing the 13,300 region for almost a month. The short-term bias is now viewed as neutral, as the red Tenkan-sen has slowed to meet the blue Kijun-sen line, while the RSI is struggling to hold above its 50 neutral mark. A closing price […]

In celebration of the decennial anniversary of XM, between 1 Nov. 2019 – 31 Aug. 2020 we are offering our existing and new clients the opportunity to take part in the 10th Anniversary Promotion, with lucky draw prizes of a grand total of no less than $1,000,000. During the exclusive 10-month promotion, all XM clients […]

To open long positions on GBPUSD, you need: The growth of the pound continues and we can talk about new purchases after a breakthrough and consolidation above the upper border of the side channel of 1.3167, which will immediately provide growth in the area of new highs of 1.3227 and 1.3265, where I recommend taking […]

Risk Warning: 69.10% 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 […]

If you want to get “comfy and cozy,” pick another place besides the stock market. After a stretch of calmness, “very bullish” investors have been jolted. Here’s how an Elliott wave perspective could have helped you prepare for the recent spike in volatility. Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave […]

If you want to get “comfy and cozy,” pick another place besides the stock market. After a stretch of calmness, “very bullish” investors have been jolted. Here’s how an Elliott wave perspective could have helped you prepare for the recent spike in volatility. Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave […]

AUDNZD bears seem to be in control after the reversal at the twelve-month peak of 1.0864 and the break below the 1.0663 low. Having dropped past all simple moving averages (SMAs), the medium-term bias seems to have turned back to mostly neutral. Even though the pair has encountered some upside pressure at the 1.0452 level, […]

WTI oil futures for January delivery staged a respectable rally on Wednesday but the 61.8% Fibonacci of 58.60 of the downleg from 63.22 to 50.98 proved a tough resistance to overcome. The upside reversal in the 20-period simple moving average (SMA) following the bounce on the 200-period SMA is a positive signal that the upward […]

USDJPY, despite the recent fading in the pair, continues to find support from the 50-day simple moving average (SMA) and the 108.42 level, which is the 50.0% Fibonacci retracement of the down leg from 112.39 to 104.45. The intact positive picture looks to be easing into a more sideways outlook, something also backed by the […]

Risk appetite returns on reports suggesting Trump was just posturing on trade Pound surges as election polls show Tories consolidating their lead Loonie climbs on less-dovish BoC signals, looks to OPEC meeting Optimistic trade headlines breathe life back into riskier assets US stock markets snapped a three-day losing spell on Wednesday, with the S&P 500 […]