Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1722.86 with take profit at 1746.22 Alternative scenario: Sell if price trades below 1705.06 with take profit at 1690.04 Fundamentals:Unemployment Claims (USD) 1:30pmFlash Manufacturing PMI (USD) 2:45 pm Comment: The past few weeks have witnessed a tremendous gain on the precious metal gold; Due to the …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 1.42092 with take profit at 1.42645 Alternative scenario: Sell position is envisaged if price trades below 1.41458 with take profit at 1.41082 Fundamentals:No fundamentals Comment: For now, the main driver of the current USD/CAD upside is the downside move on the oil price front …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 22.22 with take profit at 23.82. Alternative scenario: Sell position is envisaged if price trades below 19.74 with take profit at 18.01 Fundamentals:No major economic data expected today Comment: Yesterday Oil plummeted to historic level as we saw future prices for May and June contract …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 1.41860 with take profit at 1.42532. Alternative scenario: Sell position is envisaged if price trades below 1.41391 with take profit at 1.40976 Fundamentals:Core retail sales m/m (CAD) 1:30 pmRetail Sales m/m (CAD) 1:30 pm Comment: The COVID 19 has seen a lot of economy …
Intraday: Bearish Technical Analysis Preference: A Sell position is envisaged if price trades below 24.19 with take profit at 23.3.0 Alternative scenario: Buy position is envisaged if price trades above 25.81 with take profit at 26.47 Fundamentals:No major economic data expected today Comment: The commodity has been on a downward spiral. This because the pandemic and destabilized the economy …
Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 1.08372 with take profit at 1.08266 * Alternative scenario: Buy position is envisaged if price trades above 1.09000 with take profit at 1.09221 * Fundamentals:No major economic data expected today Comment: Market sentiment on the pair remain bearish owing to the expected global recession …
Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 26.82 with take profit at 26.50 * Alternative scenario: Buy position is envisaged if price trades above 27.58 with take profit at 28.45 * Fundamentals:No major economic data expected today Comment: The sentiment on black gold is still bearish as supply far outweigh …
Intraday: Bearish * Technical Analysis * Preference: A sell is in order if price trades below 1.08480 with take profit at 1.08433 * Alternative scenario: Buy once price trades below 1.08570 with take profit at 1.08630 * Fundamentals:IMF Meetings Eur: Trade Balance Final CPI Final Core CPIUSA: CB learning Index Comment: The greenback is currently basking in sentiments given that …
Intraday: Bearish * Technical Analysis * Preference: A sell is in order if price trades below 28.00 with take profit at 27.50 * Alternative scenario: Buy once price trades above 28.75 with take profit 29.22 * Fundamentals:None Comment: Oil has dropped in recent weeks but a recovery from this current slump is not evident given that Brent crude rose …
Intraday: Bullish * Technical Analysis * Preference: A Buy position is envisaged if price trades above 1.08956 with take profit at 1.09047 * Alternative scenario: A Sell position is envisaged if price trades below 1.08783 with take profit at 1.08650 * Fundamentals:USD Unemployment Claims 1:30pm Comment: The dollar gains from yesterday quickly went sour today as data …
