Intraday Trading

USDCAD grinds lower The Canadian dollar finds support from hotter-than-expected inflation. The US counterpart remained under pressure after it failed to hold onto 1.2500. The RSI’s repeatedly oversold situation has attracted some…
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GBPUSD falls into correction The sterling fell back after a slowdown in Britain’s wage growth in November. Sentiment favors the pound after it rallied above the daily resistance at 1.3700. However, an overbought RSI has cut back…
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EURUSD seeks support The euro retreated as short-term traders took profit. After a six-week-long consolidation, the euro soared above the supply area at 1.1380 and forced the bears to cover in mass. As the dust settles, a bearish…
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US 100 revisits major support The Nasdaq 100 faltered after an unexpected rise in US initial jobless claims. The tech index bounced off the demand zone around 15200 which used to be a resistance on the daily chart. A bullish…
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USDCHF tests daily support The US dollar plunged after December’s CPI slowed down to 0.5% from 0.8% in November. Despite a swift recovery from the daily support at 0.9100, price action came under pressure once again at December’s…
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GBPUSD rally gains traction The US dollar fell after the Fed Chair's remark that no decision has been made on quantitative tightening. The pair showed some weakness near the daily resistance at 1.3600. The RSI’s double top in the…
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AUDUSD attempts rebound The Australian dollar bounces back over strong retail sales in November. The pair saw bids near a previous trough (0.7130). The RSI’s double-dip into the oversold area attracted some traders in taking up the…
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EURUSD tests key resistance The US dollar retreated after December’s nonfarm payrolls came in far below expectations. The pair has been in a narrowing range between 1.1270 and 1.1365. The previous fall below 1.1280 added pressure on…
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GBPUSD rises on BOE hike bets The pound soared on the prospect of rate hikes in the UK. Prime Minister Boris Johnson has announced that no new restrictions were needed against the omicron variant, clearing the path for the BOE to act…
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EURUSD awaits breakout The US dollar recouped some losses after the FOMC minutes hinted at faster tightening. A drop below 1.1300 has shaken out weak hands as the euro’s consolidation extends. The lack of lasting momentum suggests…
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