Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 42.74 with take profit at key level 43.33. Alternative scenario: Sell if price trades below 42.02 with take profit at 41.40. Fundamentals:No fundamentals Comment: In the past months we have seen Oil price rise from as low as $20pb to $45pb. As the effect …
Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.35641 with take profit at key level 1.35288. Alternative scenario: Buy if price trades above 1.35846 with take profit at 1.36071. Fundamentals:No fundamentals Comment: The buck strengthened this week, an we can attribute that to the strong Non- Manufacturing PMI report, which came out …
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Bull position is envisaged if price trades above 26338 with take profit at 26578 Alternative scenario: Sell position is envisaged if price trades below 25929 with take profit at 25612 Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: the Dow Jones reached continued its bullish move buoyed by a record surge in payrolls, which …
Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Bull position is envisaged if price trades above 0.69842 with take profit at 0.70418. Alternative scenario: Sell position is envisaged if price trades below 0.69400 with take profit at 0.68862 Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: The markets are currently focused on other currency pairs, like the Australian dollar, which is still …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: SELL position is envisaged if price trades below 42.50 with take profit at 42.09 Alternative scenario: BUY position is envisaged if price trades above 43.26 with take profit at 43.65 Fundamentals:no major economic data with direct bearing to this commodity Comment: The fear of the second wave of infections in the pandemic …
Instrument: EURUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.12156 with take profit at 1.11944 Alternative scenario: Buy position is envisaged if price trades above 1.12520 with take profit at 1.12762 Fundamentals:NO New Fundamentals Comment: The Greenback yesterday recording Thursday an addition of 4.8 million jobs in June and manufacturing activity rebounding more …
Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.25297 with take profit at 1.26046. Alternative scenario: Sell position is envisaged if price trades below 1.24632 with take profit at key level 1.24053. Fundamentals:USD 1:30pmAverage Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment: European countries and stock market traded higher at the early hours …
Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1765.44 with take profit at key level 1761.78. Alternative scenario: Buy if price trades above 1770.34 with take profit at 1775.05. Fundamentals:USD 1:30pmAverage Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment: Gold seen as a safe haven has always reacted negatively when sentiments in the …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy if price trades above 42.12 with take profit at 43.35. Alternative scenario: Sell position is envisaged if price trades below 41.04 with take profit at 39.94. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much …
