intraday market analysis

XAUUSD bounces from key daily support A pullback of the US dollar across the board has offered the precious metal some respite. Last June’s low of 1675 on the daily chart might have stopped the bleeding as investors bought the dip.…

EURUSD tumbles in falling channel The US dollar continues to push forward as prospects of a strong US recovery take root. After conceding the intermediate support of 1.1950, the euro came under renewed pressure and is now sliding…

EURAUD capped by falling channel Despite Australia’s soft retail sales number, the euro remains under technical pressure. The pair has been sliding within a bearish channel since last October and the eurozone’s retail reading today is…

GER 30 recoups February losses Easing Treasury yields have put a floor on global stock markets for now. The DAX 30 is making another attempt at February’s high of 14180 after it broke through intermediate resistance levels of 13990 and…

USDCAD awaits GDP catalyst Canada’s GDP figure could dictate the loonie’s short-term direction as the pair just bounced off the eleven-month long bearish trendline. A solid reading could keep the US dollar subdued as the RSI cools…

EURUSD may give up February gains The greenback’s safe-haven status and the economic recovery are working in tandem to lift the dollar back from the abyss. Friday’s bearish MA cross after an overbought RSI indication was a warning…