EUR/USD is in short-term downtrend and most recently I found the breakout of the 4-week trading range. Further downside is in play… Red horizontal line – Important resistance and upward objective Black down slopping line – Resistance line Purple horizontal lines – Trading range boundaries Red horizontal lines – Weekly support levels Strong downward trend […]

EUR/USD is in short-term downtrend and most recently I found the breakout of the 4-week trading range. Further downside is in play… Red horizontal line – Important resistance and upward objective Black down slopping line – Resistance line Purple horizontal lines – Trading range boundaries Red horizontal lines – Weekly support levels Strong downward trend […]

The British pound continues to decline against the US currency, but in general, traders are in standby mode. Waiting for the resumption of the UK Parliament, as everyone is interested in what steps the opposition will take to Boris Johnson. By and large, it’s the opposition’s move now, and Johnson is just waiting on September […]

The British pound continues to decline against the US currency, but in general, traders are in standby mode. Waiting for the resumption of the UK Parliament, as everyone is interested in what steps the opposition will take to Boris Johnson. By and large, it’s the opposition’s move now, and Johnson is just waiting on September […]

To open long positions on GBP/USD, you need: The tense situation around Brexit and the opposition’s attempt to pass through parliament a law that does not allow the UK to leave the EU without an agreement paused major actions by major players who prefer to wait for the results of the confrontation between Boris Johnson […]

To open long positions on GBP/USD, you need: The tense situation around Brexit and the opposition’s attempt to pass through parliament a law that does not allow the UK to leave the EU without an agreement paused major actions by major players who prefer to wait for the results of the confrontation between Boris Johnson […]

Netflix stock plummeted out of a three-month sideways market breaching the lower boundary of 335.88, where the 200-day SMA also happened to lie. The stocks’ one-and-a-half-month plunge which started July 11, had the price retrace to around 287.09, slightly below 290.15, which is the 61.8% Fibonacci retracement level of the up leg from 230.78 to […]

EURNZD is likely to extend the sideways move in the short-term until it completes the asymmetrical triangle in the four-hour chart, with the RSI and the MACD backing this view as well as the indicators are lacking clear direction. The positive slope in the 20-period simple moving average (SMA) that recently crossed above the 50-period SMA suggests that the […]

Apple’s stock touched a multi-month high at 221.5 at the end of July, but the price has retreated since then and recorded a lower high on the daily chart. This is an indication that the bigger uptrend may be losing steam. For the uptrend to resume, the bulls would need to push above 221.5. Short-term […]

Apple’s stock touched a multi-month high at 221.5 at the end of July, but the price has retreated since then and recorded a lower high on the daily chart. This is an indication that the bigger uptrend may be losing steam. For the uptrend to resume, the bulls would need to push above 221.5. Short-term […]

Apple’s stock touched a multi-month high at 221.5 at the end of July, but the price has retreated since then and recorded a lower high on the daily chart. This is an indication that the bigger uptrend may be losing steam. For the uptrend to resume, the bulls would need to push above 221.5. Short-term […]

Apple’s stock touched a multi-month high at 221.5 at the end of July, but the price has retreated since then and recorded a lower high on the daily chart. This is an indication that the bigger uptrend may be losing steam. For the uptrend to resume, the bulls would need to push above 221.5. Short-term […]

As the summer draws to a close, it will begin to get a little more heated in forex markets as a combination of central bank meetings, key releases and political risks look set to jump start the Autumn trading season. A raft of data out of Australia next week as well as an RBA policy […]

Risk Warning: 68.15% 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 […]

LTCUSD (Litecoin) turned on a slippery road after hitting a one-year high of 143.61 in June, with the price crossing below the Ichimoku cloud, and recently under the 200-day simple moving average (SMA). The bearish cross of the 20- and the 50-day SMAs is more evidence that the downward pattern may stay in place for […]

AUDJPY fell to a fresh 10-year low of 69.90 earlier this week, before rebounding somewhat to re-enter the sideways range between 72.90 and 70.70 that it had been trading in since early August. The price structure still points to a clear downtrend, though a clear move below 69.90 is needed to signal that the consolidation […]

USDCAD has been unable to overcome the 1.3345 barrier, despite breaching the 200-day simple moving average (SMA). The 1.3345 resistance is showing resilience as it was tested multiple times over the last two-weeks of consolidation. The price is slightly above the Ichimoku cloud between the 100- and 200-day SMAs increasing the odds that the sideways […]

Risk Warning: 68.15% 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 […]

Optimism engulfs markets after China calms trade nerves – can it last? ECB policymakers downplay QE prospects, but euro doesn’t ‘buy it’ Euro area & US inflation data in the spotlight today Dollar index near 2-year highs as trade optimism lingers Global equity markets were a sea of green on Thursday, with European and American […]

USDCHF inched up to test the 38.2% Fibonacci of the upleg from 1.0234 to 0.9658 after closing above the 50-day simple moving average (SMA) on Thursday. In momentum indicators, the RSI has entered bullish territory and is pointing up, while the MACD has further deviated above its red signal line and closer to zero. Both […]

As part of its ongoing corporate social responsibility initiatives and in an honest attempt to positively contribute to the lives of individuals and communities across the world, XM has recently made a charitable donation to the Malaysian daycare facility Darul Insyirah. In order to support the Bangi-based Darul Insyirah, our dedicated XM team members made […]

GBP/USD On Thursday, after the price touched the Fibonacci level of 223.6%, the pound fell and lost 28 points. On the daily chart, the price has consolidated below the trend line of the price channel, approaching the Fibonacci level of 238.2% (1.2154). Leaving the price below the level opens the target of 261.8% Fibonacci at […]

EUR/USD US economic indicators came out mixed yesterday, but optimism in related markets kept the dollar stronger – the euro fell by 20 points, breaking not only the Fibonacci level of 123.6% on a daily basis, but a low of August 23. GDP for the 2nd quarter was revised down from 2.1% to 2.0%, the […]

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Learn How the Wave Principle Can Improve Your Trading

Most methods of technical analysis, including Elliott waves, are visual. To gauge the trend, you LOOK at prices and how they relate to your chosen indicators. But there is an even simpler way. Watch the editor of our Interest Rates Pro Service show you how. (Bonus: You’ll also get our latest on the “inverted yield […]