Intraday Trading

USDCHF fails to bounce back The US dollar surged after May’s core CPI rose by 3.8% yoy. The pair remained under pressure after it broke below the lower band of the consolidation range at 0.8930. An oversold RSI has led to a brief…
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NAS 100 climbs back towards peak Equity markets hold high as investors weigh stronger economic rebound against reflation concerns. The Nasdaq's surge above the daily resistance at 13800, suggests that buyers have regained control of…
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AUDUSD rallies from key demand zone The Australian dollar claws back losses against a weaker dollar after a mixed bag of US jobs data. The pair saw a strong rebound off the demand zone (0.7650) from the daily chart. The initial…
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NZDUSD surges above consolidation range The New Zealand dollar soared after the RBNZ hinted at an interest rate hike next year. Strong momentum above 0.7300 has enabled the kiwi to break free of a six-week-long consolidation. This…
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XAUUSD surges past supply zone Gold found bids after the China Gold Association said the country’s gold consumption surged 93.9% yoy in the first quarter. The price action has come under selling pressure around the psychological level…
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GER 30 consolidates near record high The German index has come to a halt as investors reassess their over-optimism amid a third wave across the continent. While the bias remains bullish, the price’s cross below the moving averages…
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AUDUSD rebounds from inverted H&S The Australian dollar held steady after the RBA kept its policy unchanged on the back of a resilient domestic economy. The Aussie seems to have found support near last Christmas season’s low…
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GBPUSD breaks above resistance The pound surges higher as the UK prepares to ease restrictions and reopen international travel. After a week-long consolidation around the demand area (1.3700) from the daily chart, Sterling has…
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NZDUSD turns bearish The New Zealand government's announcement to cool the housing market drove down the kiwi as a fiscal reform may alleviate the pressure on the RBNZ to raise rates. After breaking below the major support at…
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EURUSD attempts a U-turn Dollar bulls might be taking some bets off the table as the FOMC is around the corner. After falling below the psychological level of 1.1200, the euro has found strong buying interest from the daily support…
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