Intraday Trading

GBPUSD seeks support The US dollar clawed back losses after last week’s initial jobless claims beat expectations. A jump above the previous high of 1.2500 has strengthened the bullish bias as the price recovers from its October lows.…
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GBPUSD consolidates gains Cable fell after the UK’s inflation slowed down to its lowest pace in two years. The recent high of 1.2430 was a support-turned-resistance from the daily chart and a surge above this ceiling might have opened…
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USDCHF awaits breakout The US dollar holds steady as traders brace for the October inflation reading. On the daily chart, the price seems to be in a triangle consolidation between 0.8900 and 0.9230. The narrowing range is a sign of…
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USDCAD tests resistance The Canadian dollar slides as oil prices struggle amid worries about demand in China. The pair is capitalising on its rebound from 1.3630 as overall sentiment has remained positive. The supply zone 1.3850-1.3890…
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NZDUSD probes support The New Zealand dollar pulls lower as commodity prices come under pressure. The recent rally came to a halt at the psychological level of 0.6000 near the start of the mid-October sell-off. A break above this major…
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EURUSD holds onto gains The euro bounced after the retail sales showed a smaller-than-expected contraction in September. A surge to an eight-week high has prompted a number of sellers to cover their bets, potentially putting the single…
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AUDUSD probes support The Australian dollar pulls back as the RBA's guidance suggests no further tightening will be needed. After hitting a two-month high at 0.6520 the price is seeking to consolidate its gains. But a fall below the…
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USDJPY tests resistance The lack of concrete signs from the BoJ to normalise its monetary policy continues to take a toll on the yen. Coming off its 12-month high of 151.70, the pair is looking to hold onto its recent gains above the…
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USDCHF seeks support The US dollar plunged after weak NFP cemented expectations that the Fed would hold interest rates steady. A drop below the closest support of 0.9010 led to a liquidation of intraday long bets. 0.8950 is the next…
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GBPUSD recoups some losses Cable advanced after the BoE emphasised that it would not cut interest rates any time soon. The price is treading above 1.2050 trying to hold onto the gain from its recent bullish breakout. 1.2290 right under…
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