USDCHF Market Analysis 06|07|2020 – Video
Daily Market Analysis 06|07|2020: US30
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Bull position is envisaged if price trades above 26338 with take profit at 26578 Alternative scenario: Sell position is envisaged if price trades below 25929 with take profit at 25612 Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: the Dow Jones reached continued its bullish move buoyed by a record surge in payrolls, which …
Daily Market Analysis 06|07|2020: OIL
Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Bull position is envisaged if price trades above 0.69842 with take profit at 0.70418. Alternative scenario: Sell position is envisaged if price trades below 0.69400 with take profit at 0.68862 Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: The markets are currently focused on other currency pairs, like the Australian dollar, which is still …
Daily Market Analysis 03|07|2020: OIL
Instrument: OIL Intraday: Bearish Technical Analysis Preference: SELL position is envisaged if price trades below 42.50 with take profit at 42.09 Alternative scenario: BUY position is envisaged if price trades above 43.26 with take profit at 43.65 Fundamentals:no major economic data with direct bearing to this commodity Comment: The fear of the second wave of infections in the pandemic …
Daily Market Analysis 03|07|2020: EURUSD
Instrument: EURUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.12156 with take profit at 1.11944 Alternative scenario: Buy position is envisaged if price trades above 1.12520 with take profit at 1.12762 Fundamentals:NO New Fundamentals Comment: The Greenback yesterday recording Thursday an addition of 4.8 million jobs in June and manufacturing activity rebounding more …
Daily Market Analysis 02|07|2020: GBPUSD
Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.25297 with take profit at 1.26046. Alternative scenario: Sell position is envisaged if price trades below 1.24632 with take profit at key level 1.24053. Fundamentals:USD 1:30pmAverage Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment: European countries and stock market traded higher at the early hours …
Daily Market Analysis 02|07|2020: GOLD
Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1765.44 with take profit at key level 1761.78. Alternative scenario: Buy if price trades above 1770.34 with take profit at 1775.05. Fundamentals:USD 1:30pmAverage Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment: Gold seen as a safe haven has always reacted negatively when sentiments in the …
Daily Market Analysis 01|07|2020: OIL
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy if price trades above 42.12 with take profit at 43.35. Alternative scenario: Sell position is envisaged if price trades below 41.04 with take profit at 39.94. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much …
Daily Market Analysis 01|07|2020: AUDUSD
Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Buy if price trades above 0.69097 with take profit at 0.69518. Alternative scenario: Sell position is envisaged if price trades below 0.68825 with take profit at 0.68511. Fundamentals:1:15pm USD ADP Non-Farm Employment Change Comment: This instrument bounced off a support and has seen strong bullish momentum which is expected to continue if …
Daily Market Analysis 30|06|2020: NZDUSD
Instrument: NZDUSD Intraday: Bearish Technical Analysis Preference: Sell if price trades above 0.63925 with take profit at 0.63788. Alternative scenario: Buy position is envisaged if price trades above 0.64051 with take profit at key level 0.64227. Fundamentals:Feds chair Powell Testifies (USD) 5:30pm Comment: The Kiwi has been ranging against the USD from a strong support to a strong resistance …