Intraday Trading

USDJPY hits major resistance The yen snapped back amid rumours of a possible Japanese authority’s intervention in the currency market. Traders have been on their toes as the pair slowly made its way back to the psychological and…
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EURUSD breaks lower The US dollar rallied after a stronger-than-expected manufacturing PMI last month. The pair has remained under pressure after it broke below March’s lows around 1.0520. A limited bounce to 1.0620 has failed to attract…
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GBPUSD probes resistance The pound inched higher as GDP growth beat expectations in the second quarter. The pair is looking to find a bottom after a 10-week long retracement with the daily RSI deeply sunk into the oversold zone. A…
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USDCHF retreats from 6-month high The US dollar pulled back after economic growth in the second quarter stayed in line with estimates. The price soared to a 6-month high at 0.9220, suggesting that a bullish reversal could be in the…
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AUDUSD drifts lower The Australian dollar drifted lower as August’s inflation reading came out in line with expectations. The pair has remained under pressure after it fell below the daily support of 0.6500. Two subsequent rebounds have…
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USDJPY grinds higher The yen tries to stabilise as Japan’s Finance Minister warns of potential intervention. The pair continues to grind its way up after lifting offers around 149.00 at the start of a sell-off back in November. A series…
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EURUSD drifts lower The euro weakened as traders doubled down on the rate differential after the ECB’s pause. After breaking below May’s low of 1.0650, a limited bounce came to a halt at 1.0740 on the 20-day SMA, suggesting that the…
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USDCAD tries to stabilise The Canadian dollar gave back gains after a modest increase in retail sales in August. The latest rebound came to a halt in the supply zone 1.3520 from a previous bearish breakout. A close back above this…
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USDCHF tests important ceiling The Swiss franc tumbled after the Swiss National Bank unexpectedly paused its interest rate hikes. A jump above the psychological level and July’s high of 0.9000 has sent a strong signal that the buy side…
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NZDUSD turns south The US dollar soars as the Fed is yet to signal the end of its tightening cycle. A series of higher lows from 0.5860 indicated growing pressure from those who bought at the 10-month low. But after hitting resistance at…
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