Intraday Trading

USDJPY bounces off triple bottom The US dollar recovered after the Fed signaled an interest rate hike next year. The fall below 109.60 had made buyers cautious in an extended consolidation with the market marred by indecision as the…
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EURUSD tests demand area The US dollar treads water ahead of the Fed meeting. After a limited rebound, the euro’s fall below 1.1750 has put the bulls on the defensive. The pair is testing the demand zone around 1.1700 with the lower…
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AUDUSD seeks support The Australian dollar struggles after cautious RBA meeting minutes. The pair had failed to bounce back from the demand zone around 0.7250 which lies on the 61.8% Fibonacci retracement level of the August rally.…
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AUDUSD struggles for support The Australian dollar softens as lockdowns led to sharp job losses in August. The pair has struggled to hold on to gains after 0.7400. Traders are testing supports as the initial surge fades. A break…
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USDCAD capped by key resistance The Canadian dollar recovered after a rise in the August CPI. The previous attempt to break below 1.2500 has put the bulls under pressure. The rebound met offers at 1.2760 when the RSI was in an…
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USDCHF seeks support The US dollar initially tumbled after a minor drop in August’s core CPI. However, the pair can capitalize on strong buying interest from the trough near 0.9150. A tentative break of August’s high at 0.9240…
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EURUSD seeks support The US dollar advanced after the Philadelphia Fed President commented in favor of tapering this year. The single currency has not looked back after it turned away from the daily resistance at 1.1920. The bulls'…
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GER 30 tests key support The stock markets recover as a discussion between Biden and Xi raises hopes of a thaw in US-China relations. The Dax 30 has found buying interest on the daily support (15450). A bullish RSI divergence…
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EURUSD tests support The euro steadied after the ECB signaled it would reduce its bond-buying under PEPP. The pair is looking for support after it met strong selling pressure at the daily resistance near 1.1900. An oversold RSI has…
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USDCAD grinds higher The Canadian dollar weakened after the BOC left the current QE unchanged. Following the pair’s bounce off the daily support at 1.2500, the break above the congestion area near 1.2640 suggests strong commitment…
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