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Daily Analysis

Daily Market Analysis 11|05|2020: EURJPY

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 116.231 with take profit at 116.733 Alternative scenario: Sell position is envisaged if price trades below 115.881 with take profit at 115.038 Fundamentals:No major economic data expected today Comment: The common currency is envisaged to continue its recent recovery against the Yen in the session …

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Daily Market Analysis 11|05|2020: EURUSD

Intraday: Bearish Technical Analysis Preference: A Sell position is envisaged if price trades below 1.08420 with take profit at 1.07936 Alternative scenario:  Buy position is envisaged if price trades above 1.08522 with take profit at 1.08862 Fundamentals:No major economic data expected today Comment: The pair recovered slightly on opening but was stalled by the 200 Exponential Moving Average acting …

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Daily Market Analysis 08|05|2020: OIL

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 30.60 take profit at 31.00 Alternative scenario: Sell at 30.19 with take profit at 29.86 Fundamentals:None Comment: Oil has gained in the last set of days based on optimism from the gradual reduction of lockdown around the world. It’s expected that demand would soar in …

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Daily Market Analysis 08|05|2020: EURUSD

Intraday: Bullish Technical Analysis Preference: A buy if price trades above 1.08524 with take profit at 1.08817 Alternative scenario: Sell  at 1.08191 with take profit at 1.07872 Fundamentals:1:30pm US Averag HourlyEarnings m/m Non-Farm Employment Change                     Unemployment Rate Comment: The U.S. dollar weakened in early European trade Friday as the onslaught of grim economic …

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Daily Market Analysis 07|05|2020: US30

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 23709 with take profit at 23865  Alternative scenario: Sell position is envisaged  if price trades below 23626 with take profit at 23480. Fundamentals:USD  Unemployment Claims 1:30pm Comment: Fundamentally, this instrument has been trading upwards since late last night with investors preparing for the data for …

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