Daily Analysis
Daily Market Analysis 17|08|2020: AUDUSD
Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.71966 with take profit at 0.72200 Alternative scenario: Sell position is envisaged if price trades below 0.71726 with take profit at 0.71475. Fundamentals:No major economic data with direct bearing on the pair Comment: The Australian economy has fared better than most other economies …
Daily Market Analysis 13|08|2020: GOLD
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1932 with take profit at 1940 Alternative scenario: Sell position is envisaged if price trades below 1921 with take profit at key level at 1913. Fundamentals:No major economic data with direct bearing to this commodity Comment: Gold has been trying to recover from its …
Daily Market Analysis 13|08|2020: GBPUSD
Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.30737 with take profit at 1.31000 Alternative scenario: Sell position is envisaged if price trades below 1.30300 with take profit at key level 1.29475 Fundamentals:No major economic data with direct bearing to this pair Comment: This pair has been ranging for quite some time …
Daily Market Analysis 12|08|2020: GOLD
Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1902.51 with take profit at key level 1859.51 Alternative scenario: Buy if price trades above 1949.19 with take profit at 1986.04 Fundamentals:1:30pm USD CPI m/mUSD Core CPI m/m Comment: Gold fell sharply on Wednesday morning in Asia, continuing losses from the previous sessions in …
Daily Market Analysis 12|08|2020: US30
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 27859 with take profit at key level 28022. Alternative scenario: Sell if price trades below 27667 with take profit at 27524. Fundamentals:1:30pm USD CPI m/mUSD Core CPI m/m Comment: U.S. stock futures rose slightly in overnight trading and pointed to gains at the open …
Daily Market Analysis 11|08|2020: OIL
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 45.34 with take profit at key level 45.04 Alternative scenario: Buy if price trades above 45.73 with take profit at 46.08 Fundamentals:No Fundamentals. Comment: Technically Brent has been hovering between 46.15 and 44.35 prize zones, right now investors would be waiting for crude oil …
Daily Market Analysis 11|08|2020: USDCAD
Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.32983 with take profit at key level 1.32505. Alternative scenario: Buy if price trades above 1.33249 with take profit at 1.33476. Fundamentals:No Fundamentals. Comment: The loonie has been growing in strength against it counter part the dollar, we could attribute the dollar weakness to …
Daily Market Analysis 10|08|2020: EURUSD
Instrument: EURUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.17571 with take profit at 1.17234 Alternative scenario: Buy position is envisaged if price trades above 1.17935 with take profit at 1.18407 Fundamentals:No major economic data with bearing on the pair. Comment: The Greenback is envisaged to trade higher due to the release of …
Daily Market Analysis 10|08|2020: USDCAD
Instrument: USDCAD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.34018 with take profit at 1.34411 Alternative scenario: Sell position is envisaged if price trades below 1.33592 with take profit at 1.33282 Fundamentals:No major economic data with bearing on the pair. Comment: The pair is expected to trade higher today owing to the release …