Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Buy if price trades above 0.69097 with take profit at 0.69518. Alternative scenario: Sell position is envisaged if price trades below 0.68825 with take profit at 0.68511. Fundamentals:1:15pm USD ADP Non-Farm Employment Change Comment: This instrument bounced off a support and has seen strong bullish momentum which is expected to continue if …
Instrument: NZDUSD Intraday: Bearish Technical Analysis Preference: Sell if price trades above 0.63925 with take profit at 0.63788. Alternative scenario: Buy position is envisaged if price trades above 0.64051 with take profit at key level 0.64227. Fundamentals:Feds chair Powell Testifies (USD) 5:30pm Comment: The Kiwi has been ranging against the USD from a strong support to a strong resistance …
Instrument: AUDUSD Intraday: Bearish Technical Analysis Preference: Sell if price trades above 0.68362 with take profit at 0.68157. Alternative scenario: Buy position is envisaged if price trades above 0.68556 with take profit at key level 0.68802. Fundamentals:Feds chair Powell Testifies (USD) 5:30 pm Comment: This instrument has been ranging between a strong support and resistance on the H1, though for …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.12669 with take profit at 1.13098. Alternative scenario: Sell position is envisaged if price trades below 1.12316 with take profit at 1.12068. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The common currency is envisaged to regain some lost ground …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 39.78 with take profit at 39.15. Alternative scenario: Buy position is envisaged if price trades above 40.52 with take profit at 41.42. Fundamentals:No major economic data with direct bearing on the commodity. Comment: Black gold is currently pressured by the ever-rising number of COVID-19 …
Instrument: EURUSD Intraday: Bearish Technical Analysis Preference: SELL position is envisaged if price trades below 1.12408 with take profit at 1.12129. Alternative scenario: BUY position is envisaged if price trades above 1.12641 with take profit at 1.13100. Fundamentals:USD Core PCE Price Index m/m Personal Spending m/m Comment: Economic data pointed to an economic recovery in the U.S. …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1766.38 with take profit at 1774.80. Alternative scenario: Sell position is envisaged if price trades below 1757.60 with take profit at key level 1751.39. Fundamentals:No major economic data with direct bearing to this commodity Comment: The mixed sentiment among investors have made gold a major …
Instrument: GBPJPY Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 132.466 with take profit at key level 131.918. Alternative scenario: Buy if price trades above 133.687 with take profit at 134.190. Fundamentals:No major economic data with direct bearing to this pair Comment: This pair has been rejected constantly from a bearish trendline on the …
Instrument: US.30 Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 24969 with take profit at key level 24705. Alternative scenario: Buy if price trades above 25462 with take profit at 25770. Fundamentals:No major economic data with direct bearing to this index Comment: This index prior to today was ranging at a strong key level, …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.13293 with take profit at 1.13446. Alternative scenario: Sell if price trades below 1.12982 with take profit at 1.12784. Fundamentals:No major economic data with direct bearing on the currency Comment: The dollar weakened in early European trade Wednesday, with traders seeking riskier currencies. These moves came …
