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FXStreet.com

Intraday market analysis: USD pulls back again

The Canadian dollar finds support from hotter-than-expected inflation. The US counterpart remained under pressure after it failed to hold onto 1.2500. The RSI’s repeatedly oversold situation has attracted some buying interest. But timid rebounds have rather been opportunities for trend-followers to sell into strength. 1.2570 is a key resistance...
BUSINESS
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actionforex.com

EUR/GBP Slips to 12-Month Lows

The sterling edged higher after Britain’s December CPI exceeded expectations. The euro has struggled to lift offers around 0.8375 after a two-week-long consolidation. The subsequent break below 0.8340 has forced buyers to bail out, exacerbating the bearish mood. This former support has turned into a fresh resistance. A bearish...
CURRENCIES
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cryptonewmedia.press

Is Bitcoin Due a 20% Death-Cross Correction? Here’s What the Charts Show

Following several predictions aimed at Bitcoin seeing a lot of bullish action this year, a change in events is seen unfolding. The latest Death Cross appears to be the reason behind this sudden change in sentiment. Recent analysis has hinted at the phenomenon. While listing possible bearish indicators, the article...
CURRENCIES
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investmacro.com

Intraday Market Analysis – USD Consolidates

The Australian dollar bounces back over strong retail sales in November. The pair saw bids near a previous trough (0.7130). The RSI’s double-dip into the oversold area attracted some traders in taking up the bargain. A bullish RSI divergence suggests a deceleration in the downward momentum. And a jump above 0.7180 could be the first step towards a bounce.
CURRENCIES
FXStreet.com

Intraday market analysis: US Dollar Index consolidates

The Australian dollar bounces back over strong retail sales in November. The pair saw bids near a previous trough (0.7130). The RSI’s double-dip into the oversold area attracted some traders in taking up the bargain. A bullish RSI divergence suggests a deceleration in the downward momentum. And a jump above 0.7180 could be the first step towards a bounce.
CURRENCIES
learn2.trade

EURJPY Is on Track to Break Upwards

EURJPY Price Analysis – January 7 — EURJPY is on track to break upwards of its bullish flag formation. At the beginning of December last year, the price dropped to the lower border of the flag (which also confluences with the 127.630 price level). EURJPY subsequently bounced off this level and is now on an upward track. Price, therefore, positions itself to take advantage of the market’s structure to break out of its bullish flag structure.
CURRENCIES
actionforex.com

Intraday Market Analysis – USD Recoups Losses

The New Zealand dollar tumbles against its US counterpart amid soaring Treasury yields. The pair is looking to consolidate its recent gains after it rallied above the 30-day moving average (0.6820). The December high at 0.6860 is a major resistance. A bullish close may propel the kiwi to 0.6950. In...
CURRENCIES
FXStreet.com

Intraday market analysis: US Dollar Index seeks support

The US dollar softens over increased risk appetite. A drop below the lower band of the consolidation range at 0.9160 confirms a lack of interest in the greenback. The pair is testing the major demand zone around 0.9100 from the daily chart. A bearish breakout could jeopardize the pair’s rebound over the past quarter. It could also trigger a sell-off towards the psychological level of 0.9000.
CURRENCIES
investmacro.com

Intraday Market Analysis – USD Seeks Support

The US dollar softens over increased risk appetite. A drop below the lower band of the consolidation range at 0.9160 confirms a lack of interest in the greenback. The pair is testing the major demand zone around 0.9100 from the daily chart. A bearish breakout could jeopardize the pair’s rebound over the past quarter. It could also trigger a sell-off towards the psychological level of 0.9000.
CURRENCIES
FXStreet.com

Intraday market analysis: USD trades in limited range

The US dollar struggles as the Omicron scare subsides. The pair has been stuck in a narrow range between 1.1230 and 1.1360, because of a lack of liquidity and a catalyst. Following a bounce from 1.1360 price action is testing the upper band of the horizontal consolidation. A bullish breakout would pop up volatility as sellers rush for the exit.
CURRENCIES
actionforex.com

XAUUSD Seeks Support

Gold edged higher as the US dollar slipped across the board. A close above the supply zone around 1815 is a short-term confirmation that sentiment favors the upside. A bullish MA cross on the hourly chart indicates that the recovery could be picking up steam. Above 1820, 1840 would be the target when momentum makes its way back into the market.
CURRENCIES
actionforex.com

Intraday Market Analysis – Risk Currencies Rally

The Australian dollar pulls back as risk assets tread water amid low liquidity. A break above the previous high at 0.7220 reveals a strong bullish bias. However, the RSI’s repeatedly overbought situation may have prompted short-term buyers to take some chips off the table. In turn, this left price action vulnerable to retracement.
CURRENCIES
actionforex.com

UK 100 Makes A Bullish Attempt

The FTSE 100 recovered some ground after the Omicron sell-off. The index has found solid buying at 7110. An oversold RSI has attracted a buying-the-dips crowd. A tentative break above 7300 suggests strong interest in keeping the market afloat. A bullish MA cross could lead to acceleration on the upside.
MARKETS
actionforex.com

XAU/USD Seeks Support

Gold softens as the US dollar edged higher. A surge above 1788 and then 1808 has prompted the bears to cover. The precious metal is looking for support after the breakout stalled with an overextended RSI. A bearish MA cross may weigh on short-term sentiment. The base of the initial...
CURRENCIES
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