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DE40 Index

Intraday Analysis 10.09.2024

David Kindley Sep 10, 2024 31 0

XAUUSD slides away from record Gold price retreat as the dollar held onto recent gains ahead of this week’s CPI data. A break below the daily support and the psychological level of 2500 has put buyers on the defensive. 2480 is a crucial…
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Technical Analysis

Intraday Analysis – USD Holds Onto Gains 22-08-2023

Jing Ren Aug 22, 2023 74 0

AUDUSD may see limited bounce The Australian dollar continues to struggle as a proxy to China’s slowing growth. The price has remained under pressure after it broke below May’s trough around 0.6500. Consecutive lower lows are a sign of…
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Technical Analysis

Intraday Analysis – EUR pulls back

Jing Ren Jun 26, 2023 66 0

EURUSD probes support The euro fell after lacklustre PMI showed a manufacturing recession. The rally first came to a halt in the supply zone around 1.1010 from the early May sell-off and a subsequent tumble below 1.0900 indicates a…
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Technical Analysis

Intraday Analysis 06.06.2023

Jing Ren Jun 6, 2023 75 0

GBPUSD tests support The US dollar retreated after May’s services PMI came in short of expectations. The pair came under pressure at a 12-month high of 1.2670 then a series of lower lows led recent buyers to leave the market, leaving a…
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Technical Analysis

Intraday Analysis – JPY still under pressure 22-05-2023

Jing Ren May 22, 2023 62 0

USDCAD bounces back The Canadian dollar held as the March retail sales showed a smaller-than-expected contraction. The pair is in a narrowing consolidation between 1.3400 and 1.3560. A bullish breakout would be a decisive signal that…
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Technical Analysis

Intraday Analysis 02.05.2023

Jing Ren May 2, 2023 63 0

GBPUSD seeks support The US dollar recoups some losses ahead of the FOMC this Wednesday. The latest horizontal consolidation has managed to stay above the 30-day SMA and suggests that the bias remains bullish in the medium-term. A…
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Technical Analysis

Intraday Analysis – CAD under pressure

Jing Ren Apr 24, 2023 86 0

USDJPY pulls back The Japanese yen edged higher as inflation in March gathered speed. The price has met stiff selling pressure at the start of the mid-March sell-off at 135.10. A shooting star pattern in this supply zone carries weight…
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Technical Analysis

Intraday Analysis 18.04.2023

Jing Ren Apr 18, 2023 82 0

AUDUSD seeks support The Australian dollar bounced after the RBA minutes showed that another rate hike was considered. On the daily chart, the price is still in a flag-shaped consolidation following its break below this year’s low of…
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Technical Analysis

Intraday Analysis – GBP resumes uptrend

Jing Ren Apr 5, 2023 85 0

GBPUSD breaks major resistance The pound soars as BoE Chief Economist hints at more rate hikes. A climb over the double top at 1.2430 from December and January’s highs on the daily chart forced sellers to cover, further driving up…
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Technical Analysis

Intraday Analysis 27.03.2023

Jing Ren Mar 27, 2023 88 0

USDCAD tests support The Canadian dollar bounced on upbeat retail numbers in January. On the daily chart, the upward bias remains intact with the two-week long pullback securing solid buying over 1.3630 at the confluence of the 20-day…
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