Intraday Trading

XAUUSD awaits breakout Gold inched higher as the dollar index hit a two-week low. The latest rebound has been checked by the psychological level of 1800. With the RSI showing an overbought situation, short-term buyers were swift in…
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AUDUSD tests major supply zone The Australian dollar rallied after the RBA expected a return to growth in October’s meeting minutes. The pair has met stiff selling pressure in the supply zone (0.7460) from the September sell-off.…
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EURUSD attempts a bullish breakout The US dollar retreated after retail sales fell below 1% in September. The euro’s rally above 1.1570 has led some short interests to close their positions. The pair is testing the key resistance at…
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GBPUSD rises back as recovery gains traction The pound bounces higher as the UK's recovery may have gained a foothold. Britain’s economy grew 0.4% month-on-month in August, following a 0.1% contraction in the previous period.…
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USOIL consolidates gains Oil prices jumped after the IEA raised its global oil demand growth forecast. WTI crude continues to grind its way up after it reached a seven-year high. The RSI has returned to the neutrality area and a…
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USDCHF tests short-term support The US dollar eased after the FOMC minutes failed to pinpoint the first rate hike next year. The drop below 0.9280 was a sign of profit-taking after the RSI showed that the rally had overextended. The…
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GBPUSD tests supply area The pound climbs as solid payrolls support the Bank of England's first post-pandemic interest rate hike. A series of higher highs have prompted sellers to cover their bets. The pair is now testing the supply…
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USDJPY climbs to 3-year high The yen plunges as low Japanese bond rates reflect the divergence in monetary policies. A close above the pre-pandemic peak around 112.10 has triggered a runaway rally. A bullish MA cross indicates an…
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USDCAD falls through critical floor The US dollar tumbled after weaker-than-expected nonfarm payrolls in September. The pair has struggled to bounce back over the past few weeks. The break below 1.2500, a major demand zone on the…
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GBPUSD tests major resistance The pound recovers as traders reposition ahead of the nonfarm payrolls later today. Price action is hovering under 1.3700, a supply area on the daily chart which coincides with the 30-day moving…
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