Intraday Trading

USDCAD rallies above recent peak The US dollar keeps the high ground after the FOMC minutes delivered no surprises. The greenback saw a strong bid around the important support at 1.2300. The RSI divergence suggests that the selling…
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AUDUSD retreats from major resistance The Australian dollar surged after the RBA announced it would trim its QE by $1 billion. The initial rally above 0.7525 has put the bears under pressure. A bullish MA cross suggests strong…
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GBPUSD attempts reversal The pound jumps higher as the US dollar weakens across the board, post-NFP. The bullish RSI divergence was a warning that the sell-off had lost steam. The rally above 1.3820 suggests that sellers have…
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EURUSD struggles to bounce The US dollar drops after an uptick in last month’s unemployment rate. Sentiment towards the euro grew a tad more bearish after it fell below 1.1850, the support of the recent consolidation range. However,…
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USDCHF seeks support The US dollar goes sideways, following a slight improvement in last week’s initial jobless claims. The rally has resumed after a breakout above 0.9230, the top range of the previous consolidation. Price action…
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GBPUSD rests on daily support The sterling fell back after the UK's GDP contracted more than expected in Q1. Indeed, the pair is now back to square one after it gave up gains from the previous rebound. The psychological level of…
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SPX 500 soars to ATH Growth stocks help lift the S&P 500 index to an all-time high. The rally has gained traction after it cleared the previous peak at 4270. This has convinced trend followers that the bulls are still in charge…
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USDJPY struggles to clear offers The Japanese yen bounces back after a rise in April’s retail trade figure, while the US dollar struggles to consolidate its gains above the psychological level of 111.00. Yesterday’s bullish momentum…
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EURUSD hovers under psychological resistance The euro bounced back after the core PCE of the US stayed subdued in May. After rallying above 1.1910, price action has turned this former resistance into a support base. The current…
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