Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 45.34 with take profit at key level 45.04 Alternative scenario: Buy if price trades above 45.73 with take profit at 46.08 Fundamentals:No Fundamentals. Comment: Technically Brent has been hovering between 46.15 and 44.35 prize zones, right now investors would be waiting for crude oil …
Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.32983 with take profit at key level 1.32505. Alternative scenario: Buy if price trades above 1.33249 with take profit at 1.33476. Fundamentals:No Fundamentals. Comment: The loonie has been growing in strength against it counter part the dollar, we could attribute the dollar weakness to …
Instrument: USDCAD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.34018 with take profit at 1.34411 Alternative scenario: Sell position is envisaged if price trades below 1.33592 with take profit at 1.33282 Fundamentals:No major economic data with bearing on the pair. Comment: The pair is expected to trade higher today owing to the release …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 2076.07 with take profit at 2087 Alternative scenario: Sell position is envisaged if price trades below 2050.00 with take profit at key level at 2030 Fundamentals:USD 1:30PM Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate Comment: Sino-Us trade tensions and the mixed data …
Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.71918 with take profit at key level 0.72192. Alternative scenario: Sell if price trades below 0.71462 with take profit at 0.71089. Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: The dollar was down in Asia on Wednesday morning, with hopes of a U.S. economic recovery from …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 42.79 with take profit at 42.33. Alternative scenario: Buy position is envisaged if price trades above 43.40 with take profit at 43.92. Fundamentals:No major economic data with direct bearing on the commodity Comment: The commodity is envisaged to trade lower owing to the rising …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17834 with take profit at 1.18932. Alternative scenario: Sell position is envisaged if price trades below 1.17032 with take profit at 1.16440. Fundamentals:ISM Manufacturing PMI (USD) 3 PM Comment: The greenback recovered some lost ground earlier today as a technical retracement on the pair. …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.96 with take profit at 44.60. Alternative scenario: Sell position is envisaged if price trades below 43.47 with take profit at 43.09. Fundamentals:3:30pm USD Crude Oil Inventories. Comment: Oil prices rose on Wednesday after an industry report showed that crude inventories in the United …
