Intraday Trading

EURUSD sees further downside The euro continues to weaken over growth concerns in the eurozone amid the war in Ukraine. A tentative break below 1.0500 further put the euro under pressure. A lack of rebound suggests that the bears…
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USDCAD bounces off support The US dollar found support from a rise in personal income in March. The pair previously found resistance at March’s high around 1.2880. A bearish RSI divergence suggests a loss of momentum in the…
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USDJPY breaks higher The yen nosedived after the Bank of Japan vowed to keep its interest rates ultra-low. The dollar’s surge above the top range (129.30) of the recent consolidation forced early sellers to cover and switch…
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USDCHF keeps momentum The US dollar continues upwards as traders pour in before the Fed hike next week. A bullish MA cross on the daily chart indicates an acceleration to the upside after a break above April 2021’ high at 0.9460.…
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EURUSD breaks critical support The euro struggles as the eurozone’s growth prospect dampens. The pair remains under pressure after it broke below a short-lived congestion area around 1.0770. A bearish breakout below March 2020’s…
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XAUUSD tests critical support Gold weakens as traders continue to pour into the US dollar. A break below the base of the April rally at 1920 has put the bulls on the defensive as it would invalidate the recent rebound. March’s…
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USDJPY sees limited pullback The Japanese yen softens after a weaker-than-expected CPI in March. The RSI’s overbought condition on both hourly and daily charts points to an extreme overextension. Buyers may be reluctant to chase…
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USDCAD breaks support The Canadian dollar soared after red hot inflation readings in March. The greenback’s struggle to reclaim 1.2670 suggests a lack of momentum from the buy-side. A fall below 1.2540 triggered a new round of…
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EURUSD consolidates post-sell-off The US dollar rallies as a 75bp rate hike by the Fed could be on the table. The single currency remains under pressure after last week’s sell-off. 1.0920 has become an important supply area after…
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GBPUSD tests critical floor The US dollar continues upward as markets wager a 50 bp Fed hike next month. The pound's latest rally came to a halt in the supply zone around 1.3150 which coincides with the 30-day moving average. As the…
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