Intraday Trading

The euro was trading rather flat, posting just a 0.09% decline on Friday. Price action is steady above the 1.1800 level after managing to rebound from the long trend line. If the current momentum continues, then we might see a retest…
Read More

The British pound sterling managed to reverse the declines to retest the 1.3000 handle on Friday. However, price action failed to breakout past this level and turned lower as a result. This possibly marks a double top pattern that is…
Read More

Crude oil prices are testing the 41.00 level once again. At the time of writing, oil prices are trading above the 41.00 level. However, only a strong daily close above this level will confirm the upside. Still, WTI crude oil will…
Read More

GBPUSD is trading a bit off from the 1.3122 level of resistance. The decline off this level saw prices finding support from the rising trend line. If this level holds and we see a rebound, then we could expect a move higher. Following…
Read More

The euro is down to its third consecutively daily loss. Price action is consolidating near the 1.175 handle. Although price action remains weak, a close above 1.1750 will confirm a possible move to the upside. However, unless the…
Read More

WTI crude oil prices are down nearly 3% intraday on Thursday. The declines came following price action breaking out of its range after nearly a week. The current declines, however, saw oil prices falling to a one-month low. Prices…
Read More

The euro is struggling near highs of 1.1789 intraday, but prices broke out off the previous highs near 1.1791 towards the late US session. Price action is now trading above the 1.1800 level, retaining its bullish momentum. While the…
Read More

The euro is posting only some modest gains on Tuesday as price rose over 0.50% intraday. Following the breakout off the previous pivot highs near 1.0947, the euro stretched the gains to highs of 1.0971 before pulling back slightly.…
Read More

Gold prices are holding steady after rising above the 1600 level. Support is being tested near the 1594 level currently. If the support holds, then we expect price action to rise to the 1655 level. This will mark a full completion of…
Read More

WTI Crude oil prices are holding steady despite retracing some of the gains from earlier in the week. Price action is currently forming a higher low above the 22.00 handle. The trend line needs to be breached to confirm the upside.…
Read More