USDCHF Market Analysis 20|07|2020 – Video
Online Education
Daily Market Analysis 20|07|2020: EURUSD
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.14846 with take profit at 1.15352. Alternative scenario: Sell position is envisaged if price trades below 1.14260 with take profit at 1.13794. Fundamentals:EU Economic Summit (EUR) All-day Comment: The pair is currently trading on an upward channel on the daily chart supporting the possibility …
Daily Market Analysis 17|07|2020: GBPUSD
Instrument: GBPUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.25210 with take profit at key level 1.24862. Alternative scenario: Buy position is envisaged if price trades above 1.25706 with take profit at 1.26014. Fundamentals:No fundamental with direct impact on the pair Comment: The dollar strengthened between yesterday and today after news of positive …
Daily Market Analysis 17|07|2020: OIL
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 43.00 with take profit at 42.86. Alternative scenario: Buy position is envisaged if price trades above 43.30 with take profit at 43.44. Fundamentals:No fundamental with direct impact on the commodity Comment: Oil is moving down based on bad sentiments from the OPEC meetings and …
Daily Market Analysis 16|07|2020: GOLD
Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1803.05 with take profit at key level 1800.50. Alternative scenario: Buy if price trades above 1808.05 with take profit at 1813.02. Fundamentals:USD 1pmCore Retail Sales m/mRetail Sales m/m Comment: Gold is expected to trade bearish after news of more COVID vaccine tests have been …
Daily Market Analysis 16|07|2020: GBPUSD
Instrument: GBPUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.25215 with take profit at key level 1.24638. Alternative scenario: Buy position is envisaged if price trades above 1.25716 with take profit at 1.26205. Fundamentals:EUR 12:45pmMain Refinancing RateMonetary Policy StatementECB Press Conference USD 1:30pmCore Retail Sales m/mRetail Sales m/m Comment: The dollar strengthened between …
Daily Market Analysis 15|07|2020: GOLD
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1810.29 with take profit at key level 1815.15. Alternative scenario: Sell if price trades below 1806.07 with take profit at 1801.21. Fundamentals:No fundamental with direct impact on the commodity. Comment: Gold was marginally down on Wednesday in Asia, reversing its earlier gains. But the …
Daily Market Analysis 15|07|2020: US30
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 26794 with take profit at key level 26994. Alternative scenario: Sell if price trades below 26424 with take profit at 26174. Fundamentals:No fundamental with direct impact on the index. Comment: US30 jumped on Wednesday as optimism about a coronavirus vaccine bolstered risk appetite. Moderna …
Daily Market Analysis 14|07|2020: GOLD
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1804.72 with take profit at key level 1810.84. Alternative scenario: Sell if price trades below 1790.54 with take profit at 1781.35. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: The yellow metal has seen its price spike due to market instability …
Daily Market Analysis 14|07|2020: GBPUSD
Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.25653 with take profit at key level 1.26016. Alternative scenario: Sell if price trades below 1.25067 with take profit at 1.24623. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: Looking at the Fundamentals, the cable’s GDP m/m report which measure economic …