Instrument: GBPJPY Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 132.466 with take profit at key level 131.918. Alternative scenario: Buy if price trades above 133.687 with take profit at 134.190. Fundamentals:No major economic data with direct bearing to this pair Comment: This pair has been rejected constantly from a bearish trendline on the …
Instrument: US.30 Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 24969 with take profit at key level 24705. Alternative scenario: Buy if price trades above 25462 with take profit at 25770. Fundamentals:No major economic data with direct bearing to this index Comment: This index prior to today was ranging at a strong key level, …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.13293 with take profit at 1.13446. Alternative scenario: Sell if price trades below 1.12982 with take profit at 1.12784. Fundamentals:No major economic data with direct bearing on the currency Comment: The dollar weakened in early European trade Wednesday, with traders seeking riskier currencies. These moves came …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 42.93 with take profit at 43.48. Alternative scenario: Sell if price trades below 42.57 with take profit at 42.30. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Global oil consumption has started to recover as economies emerge from lockdown, while the Organization of the Petroleum Exporting Countries (OPEC) …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 121.257 with take profit at key level 121.889. Alternative scenario: Sell if price trades below 120.755 with take profit at 120.574. Fundamentals:German Flash Manufacturing PMI 8:30am (EUR)German Flash Service PMI 8:30am (EUR)French Flash Manufacturing PMI 8:15 am(EUR) Comment: The euro saw a string of positive news this morning …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.34944 with take profit at key level 1.34618. Alternative scenario: Buy if price trades above 1.35346 with take profit at 1.35572. Fundamentals:Flash Manufacturing PMI 2:45pm (USD) Comment: The instrument strengthen against the dollar as the strength of the dollar due to the dovish testimony of the …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 42.65 with take profit at 43.00 Alternative scenario: Sell position is envisaged if price trades below 42.19 with take profit at 41.24 Fundamentals:No major economic data with direct bearing on the commodity Comment: Oil is envisaged to be supported this week by the decline in the number of active rigs …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.12066 with take profit at 1.12443. Alternative scenario: Sell position is envisaged if price trades below 1.11521 with take profit at 1.111205. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The common currency lost ground last week owing to the failure of the European Union leaders …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 42.50 with take profit at 43.15. Alternative scenario: Sell is in order if price trades below 41.89 with take profit at 41.40. Fundamentals:No major economic data with a direct bearing to this index Comment: With the seeming ease on the ban on international flights, it …
