This autumn presented yet another good opportunity for individual investors to attend an XM forex seminar in the Greek capital, with keynote speaker Avramis Despotis, on the topic titled Planning Entries and Exits with the Moving Average Ribbon. Organised at InterContinental Athenaeum Hotel in Athens on 23rd November, the forex seminar and workshop was dedicated […]

GBPJPY is surrounded by positive vibes on the daily chart, increasing optimism that there is more room for improvement in the market. The bulls geared up to seven-month highs and further above the upward-sloping 20-day simple moving average (SMA) after the price hit support around the upper surface of the narrow bullish rectangle. Oscillators are […]

GBPJPY is surrounded by positive vibes on the daily chart, increasing optimism that there is more room for improvement in the market. The bulls geared up to seven-month highs and further above the upward-sloping 20-day simple moving average (SMA) after the price hit support around the upper surface of the narrow bullish rectangle. Oscillators are […]

GBPCAD gained further positive traction on Wednesday and unlocked a fresh 7-month high of 1.7393. It seems that there is more bullish fuel in store, though at a limited amount as the RSI and the Stochastics are moving into overbought waters and the price itself is trading near a resistance trendline that joins the peaks since […]

GBPCAD gained further positive traction on Wednesday and unlocked a fresh 7-month high of 1.7393. It seems that there is more bullish fuel in store, though at a limited amount as the RSI and the Stochastics are moving into overbought waters and the price itself is trading near a resistance trendline that joins the peaks since […]

USD gave in to its major rivals. The Aussie has rebounded form the the 4 months green ascending trend line (accumulation?) and broken the short term descending trend line at 6790 and sprinted from there. It stopped close to the resistance at .6860 and shortly declined amid weak GDP report. It may try to break […]

USD gave in to its major rivals. The Aussie has rebounded form the the 4 months green ascending trend line (accumulation?) and broken the short term descending trend line at 6790 and sprinted from there. It stopped close to the resistance at .6860 and shortly declined amid weak GDP report. It may try to break […]

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GBPNOK buyers resurfaced to push the price above the forty-month high of 11.97, resuming the positive picture after a one-and-a-half month sideways move. Backing the climb is the bullish crossovers of the 200-day simple moving average (SMA) by the upward sloping 50- and 100-day SMAs, as well as the improving positive momentum in the short-term […]

GBPNOK buyers resurfaced to push the price above the forty-month high of 11.97, resuming the positive picture after a one-and-a-half month sideways move. Backing the climb is the bullish crossovers of the 200-day simple moving average (SMA) by the upward sloping 50- and 100-day SMAs, as well as the improving positive momentum in the short-term […]

NZDJPY is attempting to regain its positive footing after hitting a brick wall at the 200-day moving average (MA). Prices peaked at 71.24 – a 4-month high. Further gains are possible in the near term as, despite the softening in the bullish bias, the momentum indicators suggest there is scope for a continuation of the […]

NZDJPY is attempting to regain its positive footing after hitting a brick wall at the 200-day moving average (MA). Prices peaked at 71.24 – a 4-month high. Further gains are possible in the near term as, despite the softening in the bullish bias, the momentum indicators suggest there is scope for a continuation of the […]

GBPUSD while directionless is attempting a new push towards the five-month high of 1.3011, which is aided by the recent bullish crossover of the 200-day simple moving average (SMA) by the 50-day one and the rising slopes of the 50- and 100-day SMAs. The technical indicators suggest that positive momentum is improving. The RSI is […]

GBPUSD while directionless is attempting a new push towards the five-month high of 1.3011, which is aided by the recent bullish crossover of the 200-day simple moving average (SMA) by the 50-day one and the rising slopes of the 50- and 100-day SMAs. The technical indicators suggest that positive momentum is improving. The RSI is […]

Trump expands trade war by imposing tariffs on South American metal imports Renewed trade frictions and unexpectedly weak ISM manufacturing PMI dampen sentiment Stocks turn negative; dollar plunge lifts euro Aussie jumps as RBA remains in wait-and-see mode; kiwi rallies too Trump ratchets up trade war by announcing tariffs on metal imports The long-running trade […]

Trump expands trade war by imposing tariffs on South American metal imports Renewed trade frictions and unexpectedly weak ISM manufacturing PMI dampen sentiment Stocks turn negative; dollar plunge lifts euro Aussie jumps as RBA remains in wait-and-see mode; kiwi rallies too Trump ratchets up trade war by announcing tariffs on metal imports The long-running trade […]

NZDUSD run significantly above the neckline of the bullish inverse head and shoulder formation it has created around the 10 ½-year low of 0.6202 on Monday. The short-term bias is now looking cautiously bullish as the price is currently fluctuating around the upper Bollinger band and the RSI is looking ready to pierce above its 70 mark, both […]

NZDUSD run significantly above the neckline of the bullish inverse head and shoulder formation it has created around the 10 ½-year low of 0.6202 on Monday. The short-term bias is now looking cautiously bullish as the price is currently fluctuating around the upper Bollinger band and the RSI is looking ready to pierce above its 70 mark, both […]

GBPCHF looks to be holding onto its positive stance despite deflecting off the 1.2935 resistance from May 21. Backing this, are the upward-sloping simple moving averages (SMAs) and the Ichimoku cloud. On the other hand, the pause upwards is aided by the flat Tenkan-sen and Kijun-sen lines as well as the short-term oscillators, which reflect […]

GBPCHF looks to be holding onto its positive stance despite deflecting off the 1.2935 resistance from May 21. Backing this, are the upward-sloping simple moving averages (SMAs) and the Ichimoku cloud. On the other hand, the pause upwards is aided by the flat Tenkan-sen and Kijun-sen lines as well as the short-term oscillators, which reflect […]

EURNZD is currently encountering some upside pressure at the 1.7000 barrier, following the one-and-a-half month decline from the peak of 1.7698. Nevertheless, bearish signals indicate that the downfall may have some ways to go. The short-term oscillators suggest that negative momentum is strengthening. The MACD, in the negative zone is declining below its red trigger […]

EURNZD is currently encountering some upside pressure at the 1.7000 barrier, following the one-and-a-half month decline from the peak of 1.7698. Nevertheless, bearish signals indicate that the downfall may have some ways to go. The short-term oscillators suggest that negative momentum is strengthening. The MACD, in the negative zone is declining below its red trigger […]

The Reserve Bank of Australia (RBA) will complete its latest meeting at 03:30 GMT on Tuesday, and markets expect no action this time. The aussie’s reaction will therefore depend on the signals for future rate cuts. Judging by the deterioration in recent data, policymakers are likely to strengthen their easing bias, which could exacerbate the […]

In the past many years, XM participated at numerous finance-related exhibitions and events organized in Italy, with the main purpose to reconnect with clients and showcase its versatile range of services and products to local online investors. On 27th November, the prestigious annually organized ITForum investment and trading forum opened its doors in Milan to […]

GBPAUD stretched to a fresh 3 ½-year high of 1.9150 on Friday ahead of the Reserve Bank of Australia policy meeting early on Tuesday. The bullish action could take a breather in the short-term according to the RSI which is pointing towards its 50 neutral mark. The MACD, which looks ready to cross under its red […]