As with last week, traders will focus on the deteriorating relations between the US and China. Last week, the US imposed tariffs on Chinese goods worth more than $200 billion. China said that it will retaliate but its options are relatively limited. This week, the Trump administration is set to release a list of $300 […]
On Friday, Canada released its jobs numbers that beat the consensus estimates. In April, the country added more than 106,500 jobs, which was the biggest gain since 1976 when the government started collecting the data. This number was higher than the 19K that analysts were expecting. This job creation led the unemployment rate to decline […]
On Friday, the much-anticipated IPO of the year happened. Uber raised more than $8.1 billion in an OPO that valued the company at more than $72 billion. As the shares started trading, things changed and the stock tanked by 5% making it the worst-performing IPO of the past few years. This is despite it being […]
Gold prices have been developing within a consolidation area over the last month, with upper boundary the 1290 resistance level and lower boundary the 1266 barrier. Currently, the price hovers beneath the 23.6% Fibonacci retracement level of the downleg from 1346.60 to 1266, around 1285 as well as between the 20- and 40-simple moving averages (SMAs). […]
Trade tensions continue to simmer as China pushes back on US demands But two sides agree to hold more talks, keeping risk-off in check Safe-haven currencies such as the yen and the Swiss franc rise along with US government bonds US threatens new tariffs as talks with China stall US and Chinese negotiators failed to […]
On 12th June, one of the largest Italian financial exhibitions, ITForum Rimini 2019 opens its doors for a two-day event series, where XM will participate as event exhibitor. Since 2013, this will be the fourth year now for XM to attend ITForum Rimini, which takes place at Foyer A of Palacongressi di Rimini on 12-13 […]
Crypto Industry News: The US Department of Justice has issued an indictment containing fifteen charges against the community hacker group responsible for stealing cryptocurrencies through SIM-swap. US Attorney General Matthew Schneider and his colleague from the US immigration and customs office Angie Salazar have filed charges in the east of Michigan. On behalf of Salazar, […]
Crypto Industry News: The Banking, Housing and Urban Affairs Committee of the United States is looking for information on the cryptocurrency project reported by Facebook. The Committee addressed its concerns to the founder and president of Facebook, Mark Zuckerberg. The Committee highlights certain aspects of consumer protection by asking Zuckerberg how the company plans to […]
Technical Market Overview: The GBP/USD pair has tried to break through the trendline resistance around the level of 1.3039, but the rally higher was a fake one and the market returned quickly to the range zone. It means, that despite the neutral momentum the bulls are still trying to get back the control of the […]
Bitcoin recently was rejected off $7,500 within an impulsive non-volatile bullish trend. The price is currently trading at near $7,000 making a correctional decline in a volatile manner. The world’s largest cryptocurrency hit a new yearly peak at $7,568.32, thus bringing its year-to-date net rebound up to 140 percent according to San Francisco-based Coinbase exchange. […]
Technical Market Overview: The EUR/USD pair has bounced from the level of 1.1173 and is slowly moving higher towards the technical resistance located at the level of 1.1264. The move up is not impulsive, but it is still corrective in nature, so it is not the beginning of an uptrend, but the continuation of the […]
EURUSD has reversed back up again after finding support at the 23-month low of 1.1110, achieved on April 26. The price is hovering within the 20- and 40-simple moving averages (SMAs) in the daily timeframe, remaining within the four-month descending channel. Momentum indicators are pointing to positive bias in the short term with the MACD […]
Direct engagement in charitable work is the main purpose of the XM Foundation. While our humanitarian missions embrace a diverse range of charity activities, we also join forces with foundations that serve the well-being of people on the fringes of society. Following our team members’ trip to Uganda in 2017 to attend the inauguration of […]
The sideways consolidation we have seen over the last couple of days, should lead to a final dip towards our target near 141.05 to complete the wave 2 and set the stage for a new impulsive rally in the wave 3 towards 151.30. Resistance remains in the 143.36 – 143.74 area which is expected to […]
A clear breakout above minor resistance at 123.62 will be a strong indication that the wave ii has completed with the test of 122.49 and the wave iii towards 129.35 is ready to take over. In order to confirm that the wave iii is now in control, we need to see a breakout above resistance […]
Price is approaching resistance where we might see a corresponding drop in price to our first support level. Entry : 1.1248 Why it’s good : horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension Stop Loss : 1.1281 Why it’s good : horizontal pullback resistance, 76.4% Fibonacci retracement Take Profit : 1.1169 Why it’s […]
Price is approaching a key support at 0.6968 where it could potentially bounce to its resistance at 0.7006. Entry : 0.6968 Why it’s good : horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 0.6934 Why it’s good : 100% Fibonacci extension Take Profit : 0.7006 Why it’s good : 76.4% […]
EURJPY near key resistance, a drop to 1st support is possible Entry:123.59 Why it’s good :100% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement Stop Loss : 124.29 Why it’s good :38.2% & 61.8% fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance Take Profit : 122.52 Why it’s good: 61.8% Fibonacci retracement, 100% Fibonacci extension*2, […]
Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci). For Intraday traders, the price zone around 1.1235 (78.6% […]
Growth data of American inflation could not support either the EUR/USD bulls or bears pair. Due to the lack of confident inflation growth, the market continued to get rid of the dollar by inertia, so that the price rose to the middle of the 12th figure. But the published figures can be interpreted in two […]
EURUSD is trying to break out and above the downward sloping bearish channel. Bulls are challenging the upper channel boundary around 1.1260. As long as price remains below the 1.1260 level trend will remain bearish. Red lines – bearish channel Green rectangle -short-term support Blue rectangle – horizontal resistance EURUSD is challenging previous short-term highs […]
Gold price is trading at its weekly highs and above last week’s highs. Gold price has found support at $1,266 and is now challenging important short-term resistance and previous top at $1,290 resistance area. Red rectangle – major confluence zone Blue line- important short-term resistance trend line Blue rectangle – short-term support Gold price is […]
On March 29, the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) demonstrated significant bullish rejection. This brought the GBPUSD pair again towards the price zone of (1.3160-1.3180) where the upper limit of the depicted bearish channel as well as the backside of the depicted broken uptrend line demonstrated significant […]
Further prospects for the single currency largely depend on the outcome of the US-China trade negotiations. The EUR/USD pair reacted weakly to Donald Trump’s Sunday “tweets”, the jump of the Japanese yen turned out to be moderate. It is possible that investors continue to believe in the deal between Beijing and Washington. As for the […]
BTC has been trading upwards. The price tested the level of $6.400. Anyway, buying looks very dangerous and selling is preferable. Green lines – Rising wedge in creation (bearish pattern) Blue line – 20 Exponential moving average White diagonal line – Resistance on the test Blue horizontal line – Support 1 ($6.141) Blue horizontal line […]
Gold has been trading sideways at the price of $1.287. The intraday momentum is bullish and there is also potential for the breakout of the balance, which is positive sign for the Gold. Buying opportunities are preferable. Purple rectangle – Resistance $1.285 White horizontal line – Resistance 2 ($1.289) White diagonal line – Resistance on […]
To open long positions on EURUSD, you need: In the first half of the day, euro buyers held the pair before the release of important statistics on the US economy. Further movement of the euro will directly depend on it. While trading will be conducted above the range of 1.1215, one can count on the […]
GBP/USD is trading sideways to upwards at the price of 1.3024 in past 24 hours. We still expect upside on the GBP and further strength. Purple rectangle – Resistance 1.3024 Red horizontal line – Support 1.2991 Red horizontal line – Support 2 1.2967 We found that bullish divergence on the Stochastic oscillator on the 4H […]
Today, the pound completely ignored the published data on the growth of the British economy and the volume of industrial production. The British currency is still under the pressure of Brexit: after the last failed negotiations between Laborites and Theresa may, this issue again plunged into an atmosphere of uncertainty. In pair with the dollar, […]
The last wave relevant for the calculation of trading plans starts on March 25. The wave in its form is corrective. From April 23, the middle part of the structure (B) is formed in its structure. In the last 3 days, the quotes roll back down, preparing the ground for the final price breakthrough. Forecast: […]
