Intraday Trading

GBPUSD attempts to rebound The US dollar went sideways as February’s PCE fell short of expectations. The pair met stiff selling pressure around 1.3300, a supply zone next to the 30-day moving average. A break below 1.3120 may have…
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EURUSD attempts reversal The US dollar weakened after the Q4 GDP failed to impress. The euro gained momentum after it broke above 1.1130 which sits next to the 30-day moving average. 1.1230 at the origin of the March sell-off is a…
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USDCHF tests support The US dollar edged lower as traders ditched its safe-haven appeal. The pair met strong support at 0.9260 over the 30-day moving average. A break above the immediate resistance at 0.9340 prompted short-term…
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USDJPY Seeks Support The Japanese yen recouped some losses after a drop in February’s unemployment rate. The pair surged to August 2015’s high and the psychological level of 125.00. An overwhelmingly overbought RSI may cause a…
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EURGBP bounces off Fibonacci level The euro steadies as ECB's Lagarde downplays the risk of stagflation. The previous break above 0.8400 prompted sellers to cover, giving the bulls a chance to push back. After the rebound met…
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USDCHF breaks support The Swiss franc strengthened after the SNB said it was determined to tame inflation. The US dollar came to halt at April 2021’s high at 0.9460. A bearish RSI divergence showed that the rally had run out of…
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GBPUSD seeks support The pound Sterling found support from rising CPI in February. A break above 1.3200 eased some pressure and a brief consolidation above 1.3120 indicates buying interest. A follow-up rebound has met resistance at…
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EURUSD bounces off support The euro bounced after ECB Vice President dismissed the possibility of stagflation. A tentative break above the supply zone around 1.1130 has prompted sellers to cover their bets, easing the downward…
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AUDUSD retreats from resistance The US dollar strengthened after Fed Chair Jerome Powell said to speed up rate hikes if necessary. The pair previously found support around 0.7170. A bounce above 0.7360 suggests solid interest in the…
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USDCAD tests critical floor The Canadian dollar rose after January’s retail sales numbers beat market expectations. A fall below 1.2690 has forced buyers to bail out, invalidating the rebound from early March. The greenback is…
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