Intraday Trading

XAUUSD consolidates gains Gold treads water as markets await a slew of central bank decisions in the coming days. The recent break above the daily resistance at 1805 is a prerequisite for a bullish turnaround. However, the rally has…
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AUDUSD consolidates gains The Australian dollar rallied after Q3 inflation exceeded expectations. A bullish MA cross on the daily chart indicates an acceleration in the upward movement. Pullbacks are likely to attract a ‘buy the…
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USDCHF tests resistance The US dollar inched higher after Fed Chairman Jerome Powell commented that it was time to taper. A bearish MA cross on the daily chart weighs on overall sentiment. Nonetheless, the pair has found some buying…
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GBPUSD to test critical resistance The sterling hit the brakes after the UK’s retail sales fell for the fifth month in a row in September. The pair has been inching up towards the hurdle on the daily chart (1.3900). The RSI’s…
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USDJPY seeks support The US dollar steadies over lower-than-expected initial jobless claims. Sentiment remains upbeat, however, the pair is struggling to climb past the psychological level of 115.00, probably due to overextension.…
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GBPUSD seeks support The pound’s rally stalled after Britain’s core CPI dropped below 3% in September. The pair’s recovery has picked up the pace after a close above the daily resistance at 1.3730. 1.3900 is the main hurdle and a…
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