Intraday Trading

GBPUSD grinds supply area The sterling bounced higher after data showed that Covid cases in the UK fell for five consecutive days. The pound has bounced off the origin of the February rally (1.3570) and the bulls would like to see how…
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SPX 500 breaks to new high The S&P 500 rose back to its previous high on strong corporate earnings. The index has met strong bids around 4250, the top range of the late June consolidation. The subsequent surge gave no room for…
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EURUSD hits resistance The euro weakened after the ECB kept its accommodative stance unchanged. The single currency is hovering above the demand zone around 1.1710 on the daily chart. While an RSI divergence has shown a loss in the…
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XAUUSD dips from supply area Gold struggles to hold onto its gains as the US dollar pushes towards fresh year-to-date highs. The recovery has met stiff selling pressure near 1830, a supply zone from last June’s sell-off. The RSI…
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AUDUSD drops along moving average The Australian dollar remains underwater as the RBA minutes say no to a rate hike before 2024. The sell-off has accelerated after the Aussie fell through 0.7410, the last stronghold from a previous…
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GBPUSD bounces off Fibonacci level The better-than-expected UK CPI in June has lifted the sterling across the board. Price action has seen strong support above 1.3730, a critical demand zone on the daily chart. After the initial…
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EURUSD tumbles through supports The US dollar advanced as the US June CPI data beat expectations. The pair has met stiff selling pressure in the supply zone around 1.1890 once again. Sentiment towards the euro is downbeat as long as…
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USDCHF tests key support The US dollar consolidates as concerns grow about the resurgence of the pandemic. The pair has found support at 0.9125, which lies on the 30-day moving average. The greenback is now at a crossroads after its…
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XAUUSD rally slows down Gold grinds higher as the US dollar softens amid lower Treasury yields. The rally slowed as the bulls pushed towards the key resistance at 1824. A bullish breakout could trigger an extended rally and further…
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NAS 100 bounces off trendline The Nasdaq index whipsaws as investors fear that the economic recovery may stall. Sentiment remains upbeat as the composite rebounds from a seven-week-long rising trendline. This congestion area…
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