intraday analysis

XAGUSD attempts recovery Silver awaits a full recovery from the recent bounce at $22 as traders are eyeing the Fed’s policy meeting. The precious metal is still grinding the support-turned-resistance of 23.00. Last week’s recovery saw a…
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USDCHF falters at recovery Next week, the US dollar builds a base ahead of the Fed’s interest rate decision. An initial pop above 0.8725 has prompted short-term sellers to cover some of their bets. 0.87 along the 20-day moving average…
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USDCHF bounces back The US dollar clawed back losses after an uptick in July’s PCE. The pair came under pressure at the daily support-turned-resistance of 0.8870 from the mid-July sell-off. A drop below the lower band (0.8760) of a…
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EURUSD drifts lower The euro slipped as consumer price growth extended its downward trend in July. The pair is still probing for support after coming off a 17-month high of 1.1250. A break below the 20-day SMA at 1.1030 has put early…
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USDJPY breaks lower The Japanese yen soared on rumours of a possible tweak to the Bank of Japan’s yield-curve control. Last week’s bounce came to a halt at the bearish MA cross (141.90), revealing a strong pressure after the buy side…
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GBPUSD probes for support Cable tries to stabilise after June’s retail sales beat expectations. A break below 1.2900 has further put the bulls on the defensive. On the daily chart, the pound is still in an uptrend, this means that the…
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USDJPY bounces higher The Japanese yen fell after the BoJ kept its policy unchanged and lowered its inflation forecast for the year. A surge above May’s high of 140.90 saw the dollar breaking above the recent consolidation range and…
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USDCHF bounces back The US dollar bounced after a surge in May's non-farm payrolls. The pair is testing the former daily demand zone around 0.9100 as it recoups losses from the April sell-off. A series of higher lows on the hourly…
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USDCHF tests key resistance The US dollar bounces higher as signs of a slowing economy fuel demand for a safer currency. The pair has been grinding its way up from a 28-month low near 0.8820 and is aiming at the psychological level of…
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