EUR/GBP falls and breaks through the lows around 0.9270. Now, the weaker tone around the single European currency encourages the pair to retreat. The pound managed to regain its composure after the indicators of the UK labor market surprised in a good sense of the word. The actual average income of the British rose in […]

The EUR/USD pair is trading around 1.1200, which can already be called the usual level. The problems in the Italian Senate have added to the political uncertainty, and this puts pressure on the euro, but the dollar, on the contrary, is strengthening against the background of risk appetite. In general, the pair lacks a clear […]

Trend analysis. This week, the price will move up with the first target of 1.2363 – a pullback level of 14.6% (yellow dotted line). Fig. 1 (weekly chart). Complex analysis: – Indicator analysis – down; – Fibonacci levels – up; – Volumes – up; – Candle analysis – up; – Trend analysis – down; – […]

Working within the medium-term flat implies the search for favorable prices for the purchase or sale from the boundaries of the accumulation zone. It is important to note that the main support is 1/2 WCZ of 1.1170-1.1162. While the pair is trading above the specified zone, the probability of updating the monthly maximum is 70%. […]

WTI oil futures for September delivery have recovered some ground in recent days, but the broader picture remains cautiously negative from a technical standpoint, as the price action still consists of lower highs and lower lows. That said, a break below 50.50 is required to signal that the bigger downtrend is back in force. If […]

WalMart stock pulled back from a high of 115.26 after nearly eight months of advances, piercing below the uptrend line. The downwards correction has stalled at the 100-day simple moving average (SMA) after its push lower off 108.36, which is the 23.6% Fibonacci retracement level of the up leg from 86.07 to 115.26. It’s worth […]

The US 30 index suffered some losses in early August, but managed to recover part of them, and currently sits between its 50- and 200-day simple moving averages (SMAs). The near-term bias therefore seems neutral, with a break of either SMA needed to provide a directional signal. Short-term momentum indicators paint a flat-to-negative picture. The […]

USDTRY has been making lower highs and lower lows since early May, retracing more than half of the bullish wave with a bottom at 5.154 and a top at 6.243. The smooth recovery in the MACD and the upward-sloping RSI are currently reflecting a bearish-to-neutral bias for the short-term as long as the former holds […]

GBPUSD breached the 1.2381 swing low, causing a steeper downfall towards the 138.2% Fibonacci extension of 1.2026 of the up leg from 1.2393 to 1.3381. The relatively flat momentum indicators support a very short-term breather. The MACD has flattened below its red trigger line, whereas the RSI is hovering on the 30-level of the oversold […]

Safe havens shine and stocks retreat – mainly on fears about Hong Kong   Deteriorating political outlook in Italy likely adding to risk aversion Busy calendar today, with crucial UK, German, and US data coming up Stocks stumble on reports China may crack down on Hong Kong protests Risk aversion was the name of the […]

Safe havens shine and stocks retreat – mainly on fears about Hong Kong   Deteriorating political outlook in Italy likely adding to risk aversion Busy calendar today, with crucial UK, German, and US data coming up Stocks stumble on reports China may crack down on Hong Kong protests Risk aversion was the name of the […]

It is with great pleasure to announce that in September XM is starting an extensive forex trading seminar series in as many as 6 countries on the African continent. We are extremely pleased to invite our existing and new clients to our seminar series, due to take place between 21st September and 9th November, with […]

It is with great pleasure to announce that in September XM is starting an extensive forex trading seminar series in as many as 6 countries on the African continent. We are extremely pleased to invite our existing and new clients to our seminar series, due to take place between 21st September and 9th November, with […]

EURJPY printed a new 2-year low at 117.50 on Monday and despite entering oversold territory  the bearish bias has not fully faded yet as the RSI continues to point downwards below 30, the MACD is extending its negative momentum under its red signal line and the red Tenkan-sen is distancing itself below the blue Kijun-sen. […]

Wage and employment data will be watched out of Australia this week as investors try to guess how many more rate cuts are on the cards for the rest of the year. The wage price index is released first on Wednesday at 01:30 GMT, with the employment numbers coming up on Thursday, also at 01:30 […]

EURUSD pulled back towards recent lows at 1.1165 where we also find short-term support and bounced. Price remains below resistance levels but the trading range its been in is tightening. Soon we will have a trading signal. The direction of the breakout will show us the direction of the new trend. Magenta lines – bullish […]

EURUSD pulled back towards recent lows at 1.1165 where we also find short-term support and bounced. Price remains below resistance levels but the trading range its been in is tightening. Soon we will have a trading signal. The direction of the breakout will show us the direction of the new trend. Magenta lines – bullish […]

Gold price continues to trade sideways inside the flag pattern. Price is challenging recent highs but caution is advised to traders as there are several warning signs. We should not ignore the possibility of a fake break out. Red lines – bullish flag pattern Blue rectangle – major support area Magenta lines – expected path […]

Gold price continues to trade sideways inside the flag pattern. Price is challenging recent highs but caution is advised to traders as there are several warning signs. We should not ignore the possibility of a fake break out. Red lines – bullish flag pattern Blue rectangle – major support area Magenta lines – expected path […]

Industry news: While Binance US, the American branch of major cryptocurrency exchange Binance, included four stablecoins among its 30 potential candidates to be listed on this upcoming platform, no Binance IEOs (initial exchange offerings) are on the list. Hyped projects such as BitTorrent (47th by market capitalization), Fetch.AI (207), Celer (180) and Matic Network (127), […]

Industry news: While Binance US, the American branch of major cryptocurrency exchange Binance, included four stablecoins among its 30 potential candidates to be listed on this upcoming platform, no Binance IEOs (initial exchange offerings) are on the list. Hyped projects such as BitTorrent (47th by market capitalization), Fetch.AI (207), Celer (180) and Matic Network (127), […]

Gold has been trading upwards in past 5 hours and in my opinion there is a completion of the abc downward correction. Support at the price of $1.487 held successfully, which is good sign for higher price. Orange horizontal lines: Resistance levels ($1.510-$1.520) Red lines – Broken bullish flag Green rectangle – Key support zone […]

Gold has been trading upwards in past 5 hours and in my opinion there is a completion of the abc downward correction. Support at the price of $1.487 held successfully, which is good sign for higher price. Orange horizontal lines: Resistance levels ($1.510-$1.520) Red lines – Broken bullish flag Green rectangle – Key support zone […]

Since May 17, the previous downside movement within the depicted bearish channel came to a pause allowing the recent sideway consolidation range to be established between 1.2750 – 1.2550. On July 5, a bearish range breakout was demonstrated below 1.2550 (the lower limit of the depicted consolidation range). Hence, quick bearish decline was demonstrated towards […]

Since May 17, the previous downside movement within the depicted bearish channel came to a pause allowing the recent sideway consolidation range to be established between 1.2750 – 1.2550. On July 5, a bearish range breakout was demonstrated below 1.2550 (the lower limit of the depicted consolidation range). Hence, quick bearish decline was demonstrated towards […]