intraday

The Bank of England cut interest rates in a move to combat the coronavirus pandemic. GBPUSD price action is rebounding off the 1.1489 level. If this bottom forms, we expect the upside near 1.2000 to be tested in the near term. The… Read More

The euro is down over 2% intraday as price action fell to a three-year low of 1.0655. The declines continue, filling the gap from April 2017, as the US dollar maintains a firm footing. A rebound above this level will see a possible… Read More

Gold prices are showing signs of stabilizing. Price action is caught within the price corridor of 1534 and 1462. However, given the strong support area, it will take some strong fundamentals to push the precious metal lower. The… Read More

Crude oil prices tumbled on Wednesday, losing over 18% intraday. The declines came after the previously held lows at 28.00 gave way. This led to a sharp and consistent fall in the commodity. At the time of writing, oil prices are… Read More

The pound sterling gave way as it weakened sharply against the dollar. Losing over 4% on the day, GBPUSD fell to the lowest levels since 1985. This comes as the 1.2000 handle broke away and offered little support. Price action in… Read More

The euro turned weaker amid a stronger dollar. Price action broke past the initial support level of 1.0855. Further downside will see a test of the 1.0784 handle. This marks the lows from late February this year. The Stochastics… Read More

Crude oil prices are not getting a respite from the selling. Price action remains heavily in favor of sellers, and the recent rebound was met with renewed declines. Crude oil could likely slip to the 28.00 handle in the near term.… Read More

The precious metal is trading right near the 200-day MA for the second day in a row. However, buyers are rejecting attempts to push the precious metal lower. Depending on how prices close, we anticipate a rebound on the horizon. To… Read More

The cable is seeing renewed selling pressure. Price action is looking to the downside after the break of the 1.2200 handle. Price is now close to the August 2019 lows of 1.2016. A break down below this level could trigger further… Read More

The common currency is pushing lower after failing to hold on to the support level near 1.1100. Given that the trend line is broken, the next lower support is at 1.0850. For the moment, the 1.1000 level could offer some support which… Read More