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Daily Analysis

Daily Market Analysis 10|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above key level at 1.18450 with take profit at 1.18900 Alternative scenario: Sell position is envisaged if price trades below 1.17500 with take profit at key level 1.17000 Fundamentals:Main Refinancing Rate 12:45 pm EURMonetary Policy Statement 12:45 pm EURECB Press Conference 1:30pm EURUnemployment Claims …

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Daily Market Analysis 09|09|2020: OIL

Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.13 with take profit at key level 40.94. Alternative scenario: Sell if price trades above 39.03  with take profit at 38.15. Fundamentals:No major economic data with bearing on the commodity Comment: Oil prices declined as there was decline in demand for crude oil products. …

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Daily Market Analysis 09|09|2020: USDCAD

Instrument: USDCAD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.31415 with take profit at key level 1.31584 Alternative scenario: Sell position is envisaged if price below 1.31008 with take profit at 1.30788 Fundamentals:No major economic data with bearing on the pair. Comment:  The loonie pair marks the second day of run-up as market sentiment favors …

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Daily Market Analysis 07|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 41.67 with take profit at 41.15 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No major economic data with bearing on the commodity Comment: The commodity is envisaged to trade lower in today’s session as Oil …

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Daily Market Analysis 07|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.18682 with take profit at 1.19059 Alternative scenario: Sell position is envisaged if price trades below 1.18222 with take profit at 1.17947 Fundamentals:No major economic data with bearing on the pair. Comment:  The broader sentiment on the greenback remain weak as Powell reiterated the …

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Daily Market Analysis 04|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 43.79 with take profit at 43.39 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No fundamental with direct impact on the instrument Comment: The Oil market sold yesterday and the general trend of the instrument seems …

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Daily Market Analysis 04|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price trades below 1.18330 with take profit at key level 1.17250 Alternative scenario: Buy position is envisaged if price trades above key level at 1.18745 with take profit at 1.19500 Fundamentals:1:30pm Average Hourly Earnings m/m USD1:30pm Non-Farm Employment Change USD1:30pm Unemployment Rate USD Comment:  EURUSD has currently …

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Daily Market Analysis 03|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 43.80 with take profit at 43.57 Alternative scenario: Buy position is envisaged if price trades above 44.54 with take profit at key level at 44.84 Fundamentals:No major economic data with direct bearing to this commodity Comment: Oil was bearish yesterday and this can be …

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Daily Market Analysis 03|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above key level at 1.18358 with take profit at 1.18902 Alternative scenario: Sell position is envisaged if price trades below 1.17658 with take profit at key level 1.16928 Fundamentals:10am ISM Non-Manufacturing PMI USD Comment:  This pair got rejected after it hit a  new higher high …

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Daily Market Analysis 02|09|2020: AUDUSD

Instrument: AUDUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 0.73356  with take profit at 0.73044   Alternative scenario: Buy position is envisaged if price trades above 0.73848 with take profit at key level 0.74080 Fundamentals:1:15pm  USD ADP Non-Farm Employment Change Comment: Separate data from the Australian Bureau of Statistics showed Australia suffered its worst economic …

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