Intraday Trading

AUDUSD seeks support The Australian dollar turned south after the RBA signaled an extension of its QE program. The pair’s rapid rise above the daily resistance (0.7400) has pushed sellers to the exit. However, the RSI’s repeated…
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USDCHF awaits breakout The US dollar recovers thanks to firm US Treasury yields at the start of the week. The pair is still stuck in a horizontal consolidation between 0.9100 and 0.9190. Sentiment has leaned to the upside after a…
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GBPUSD rises to daily resistance The US dollar tumbled after a worse-than-expected jobs report. The pound had held well above the former resistance level of 1.3780. The long side gained confidence while the short side gave up.…
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USDCHF awaits catalyst The US dollar consolidates as traders reposition themselves ahead of nonfarm payrolls. The pair has been changing hands in a narrow range between 0.9100 and 0.9200. Multiple attempts at both ends suggest a…
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XAUUSD tests daily resistance Gold consolidates recent gains ahead of the US jobs reports. Traders are looking for direction after the metal recouped most losses from the August sell-off. 1832 is major resistance on the daily chart.…
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EURUSD continues to recover The US dollar continues to soften from weaker-than-expected consumer sentiment in August. The euro bulls gained confidence after the single currency rallied above 1.1800, an important supply zone from the…
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US 30 challenges peak The Dow Jones 30 index holds near its historic high on upbeat investor sentiment. The break above 35330 has signaled the bulls’ commitment to maintain the upward bias, while 35200 is fresh support. An…
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GBPUSD breaks resistance The US dollar tumbled after Fed Chairman Jerome Powell said it was too early to withdraw support. The pair has seen solid buying interest at the daily support (1.3600). After a short-lived consolidation…
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USDJPY about to test resistance The Japanese yen weakened after a lower-than-expected Tokyo CPI in August. The US dollar is grinding its way back up after the mid-month correction. A double test at 109.50 suggests strong buying…
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USDCHF retests Fibonacci level The US dollar takes a backseat as traders await the Fed’s update at the Jackson Hole symposium tomorrow. The pair is trading within a narrowing range between 0.9020 and 0.9240. This is a sign of…
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