USDCAD Market Analysis 08|05|2020 – Video
Online Education
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 …
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 …
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 …
Daily Market Analysis 07|05|2020: EURUSD
Intraday: Bearish Technical Analysis Preference: A sell trade is envisaged if price trades below 1.07794 with take profit at 1.07545 Alternative scenario: A buy trade is envisaged if price trades above 1.08086 with take profit at 1.08236 Fundamentals:1:30pm Unemployment Claims (USD)3pm ECB President Lagarde Speaks (EUR) Comment: Generally speaking, this pair has struggled breaking past a strong resistance level …