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Latest Analysis

XM Research - 39 minutes agoBearish

Technical Analysis – GBPUSD remains bearish in very short-term

GBPUSD’s recent bounce off 1.2300 runs out of steam RSI and MACD hold beneath mid-levels GBPUSD started a bearish wave again after the spike towards the three-month high of 1.2860, sending prices beneath the 20- and 50-day simple moving averages (SMAs). The market is ready to retest the midpoint of the long-term trading range at 1.2610. Short-term momentum indicators are also pointing to a continuation of the bearish bias.
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XM Research - 16 hours ago

Technical Analysis – US 500 index charts a double top pattern

US 500 index pauses record rally around 5,520 Technical indicators signal more weakness ahead Sellers could take control below 5,395   The US 500 stock index (cash) opened on the negative side on Monday to test the 5,450 region, which seems to be the neckline of a bearish double top pattern. The RSI and the MACD cannot discount the possibility of a bearish continuation as the former has changed course to the downside after peaking in the overbought zone and the latter is steadil
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XM Research - 19 hours agoBullish

EURCHF recovers strongly from 4-month low Decisive break above 200-day SMA boosts rebound Momentum indicators improve significantly   EURCHF has been in a steep recovery in the past few sessions, attempting to erase the slide from its 2024 peak. Moreover, the advance accelerated following the break above the 200-day simple moving average (SMA), with the bulls now eyeing the 50-day SMA.
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XM Research - 22 hours agoNeutral

Technical Analysis – EURUSD gaps higher over potential French hung parliament

EURUSD surges after French far-right party wins first race with weaker majority Bullish bias expected to come above 1.0788; sellers could take control below 1.0670   EURUSD opened with a positive gap on Monday after Le Pen’s far right party dominated the first round of the election on Sunday with a smaller margin than analysts expected, increasing speculation that an absolute majority on July 7 might be a struggle for the Euro-sceptic party.
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XM Research - 22 hours ago

Weekly Technical Outlook – EURGBP, USDJPY, USDCAD

French elections help euro to recoup some losses Friday’s NFP report is the week’s main driver as USDJPY holds near highs Canadian employment report next in focus with USDCAD in range French and UK elections --> EURGBP The euro experienced an increase on Monday following the initial round of France's election, which resulted in the far-right party taking the lead, albeit by a smaller margin than anticipated.
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XM Research - 23 hours agoBearish

Technical Analysis – Gold battles with descending trendline

Gold trades back and forth in the past few sessions Price fails to claim 50-day SMA and restrictive trendline Momentum indicators are neutral-to-bullish Gold has been under pressure lately following its break below the 50-day simple moving average (SMA). Although the price managed to find its feet at the lower end of the Ichimoku cloud, it has failed to jump back above the downward sloping trendline drawn from the all-time high of 2,450. Should the latest weakness persist, the pr
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XM Research - 4 days agoBullish

Technical Analysis – GBPJPY unlocks new 16-year high

GBPJPY posts several green days RSI and stochastics are overstretched GBPJPY is recording the tenth consecutive green day, posting a fresh 16-year high of 203.57. The market is looking positive, but the technical oscillators are suggesting overstretched momentum. The RSI is flattening near the 70 level, while the stochastic is moving horizontally above the 80 level.
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XM Research - 4 days agoNeutral

GBPAUD edges higher after almost testing the early May low Downward trend from the March 5 peak remains intact Early signs of bullish momentum building up GBPAUD is edging higher after almost testing the early May low of 1.8900. It failed to make a lower low, but provided that the March 5, 2024 downward trendline remains intact, GBPAUD remains in a bearish trend.
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XM Research - 5 days agoNeutral

Technical Analysis – Will the US 100 stock index revisit the 20,000 mark?

US 100 index turns up, but it’s not out of the woods yet   Bulls need approval near 19,840 to renew record rally   The US 100 stock index started Thursday’s session on the right foot, extending its recent upturn to 19,848 after a short break on Wednesday. A close above Wednesday’s bar of 19,814 could pave the way for the 20,084-20,200 region, bounded by the ascending lines drawn from the beginning of the year.
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XM Research - 5 days ago

Technical Analysis - Gold rebounds from near the lower end of its range

Gold bulls step in from near key support zone RSI and MACD suggest momentum is turning positive Advances within the current sideways range may be possible A dip below 2,290 could invite the bears back into the game Gold is trading higher today, after hitting support slightly above 2,290 on Wednesday. That zone has been acting as a strong support barrier since April, and it can also be seen as the lower boundary of a sideways range that’s been containing most of the price acti
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XM Research - 5 days agoBullish

Technical Analysis – JP 225 extends rally to 2-month high

JP 225 index has been steadily advancing in the short term On Wednesday, price jumped to its highest since April 12 Momentum indicators are heavily skewed to the upside The JP 225 index (cash) had been trading without clear direction since early May, fluctuating around its 50-day simple moving average (SMA). In the near term, the price broke above that crucial barrier and edged higher to a fresh two-month high.
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XM Research - 5 days agoBullish

Tesla shares jump to highest level since April 26 Bulls violate restrictive trendline taken from July 2023 Momentum indicators improve drastically Tesla has been among the worst performing stocks of the S&P 500 in 2024, but lately it has started to show some signs of life. After a consolidation period, the price advanced above the downward sloping trendline that connects its lower highs from July 2023, leading to a fresh two-month high.
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XM Research - 5 days ago

Midweek Technical Look – Gold, GBPUSD, USDJPY

Gold at risk of a bearish trend reversal below 2,285 GBPUSD extends its negative trajectory; 200-EMA in focus USDJPY tests intervention risks above 160 ahead of core PCE inflation data
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XM Research - 5 days agoBearish

Technical Analysis – BTCUSD bounces off 1-month low

BTCUSD drops to its lowest level since May 2 Despite initial rebound, price remains under selling pressure Momentum indicators hover near oversold territory BTCUSD (Bitcoin) has been experiencing a vast selloff since the beginning of June, temporarily breaking below the 60,000 psychological mark. Although the price managed to halt its retreat just shy of the 200-day simple moving average (SMA), the bears continue to hold the upper hand.
XM Research - 5 days agoNeutral

Technical Analysis – WTI crude oil moves sideways in near term

WTI crude oil fails to rally above 81.90 RSI and MACD remain above mid-levels WTI crude oil has been on the sidelines for the most part of the week as the 81.90 level seems to be a real struggle for the bulls. Technically, the price could gain some ground in the short-term as the RSI is changing direction to the upside and holds above the 50 neutral mark, while the MACD is standing above its trigger and zero lines.
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XM Research - 5 days agoNeutral

Technical Analysis – EURUSD rises slightly up after the battle with 8-week low

EURUSD holds in sideways move SMAs create bearish crossovers MACD continues to head south EURUSD tested the previous low of 1.0665 on Wednesday, holding within a narrow range of 1.0665-1.0720. The 20- and 50-day simple moving averages (SMAs) posted a bearish crossover a few days after the death cross between the 20- and the 200-day SMAs, both hinting at more losses.
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XM Research - 6 days agoNeutral

Technical Analysis – USDJPY flirts with 160 level again

USDJPY trades with weak momentum slightly below critical 160 level Overbought conditions detected; sellers wait below 158.35-159.00 BoJ intervention is possible; US core PCE inflation due on Friday at 12:30 GMT   Following a constructive week, USDJPY is now hovering just below its 34-year high of 160.20, having surpassed April’s barrier of 158.34 and a crucial resistance line.
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XM Research - 6 days agoNeutral

Technical Analysis – EURGBP lacks clear direction in short-term

EURGBP fails to recoup the negative gap RSI ticks down but MACD stands above its trigger line EURGBP is heading south after the pullback off the 20-day simple moving average (SMA) around 0.8465. The pair is moving sideways after the European elections and the negative gap that was posted back on June 10. Technically, the momentum oscillators indicate mixed signals.
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XM Research - 6 days agoBearish

Technical Analysis – GBPUSD bounces off 50-day SMA

GBPUSD rebounds from a 1-month low But the price trades flat in past couple of sessions Momentum indicators improve but remain neutral GBPUSD came under some selling pressure following its recent three-month peak of 1.2859, breaking below the short-term ascending trendline that connects its higher lows since April. Moreover, the pair fell to a fresh one-month low last week, but the 50-day simple moving average (SMA) prevented further retreats.
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XM Research - 6 days agoBullish

Technical Analysis – EURJPY builds base slightly near 40-year high

EURJPY stands well above uptrend line RSI flattens but MACD strengthens its momentum EURJPY has rebounded off the long-term ascending trend line near 167.70, sending the market above the previous peak of 170.80. A successful jump above the 40-year high of 171.56 could help the pair to surge towards the next round numbers such as 172.00 and 173.00. According to the technical oscillators, the RSI is flattening above the neutral threshold of 50, while the MACD is extending its posit
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