intraday

The British pound is trading weaker once again, down over 1.5% intraday. The declines erase the modest gains from late last week. As price action tests the support area of 1.1477, this level is now at risk. A break down below this…

The euro has stabilized as price action remains within the confines of 1.0787 and 1.0663. With the possibility of a double bottom in place near 1.0663, the bias is looking to the upside. However, unless the range is breached, we do…

The pound sterling gave back some of the gains from last Thursday as a result of the BoE rate cut. Price action is lower again, but a bottom looks to be in place at 1.1497. With the resistance level at 1.2000, we expect the GBPUSD to…

Gold prices are consolidating within the range of the 1483 – 1462 region. Price action is in the midst of forming a bottom if the lower range doesn’t break. Therefore, the bias remains to the upside. A successful breakout above 1483…

Crude oil prices finally caught a bid after falling to $20 a barrel. If the upside continues, we expect oil prices to test the 28.00 level of resistance. We estimate price action to remain range-bound within the 28 – 20 handle.…

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…

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…

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…

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…

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…