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 …
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: 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 …
Intraday: Bearish Technical Analysis Preference: A Sell is in order if prices trade below 133.490 with take profit at 133.071. Alternative scenario: Buy is in order if price trades above 134.344 with take profit at 135.112. Fundamentals:12pm GBP Asset Purchase FacilityMPC Asset Purchase Facility VotesMPC Official Bank Rate VotesMonetary Policy SummaryOfficial Bank Rate Comment: This pair recently got rejected at a monthly key …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 26135 with take profit at 26591. Alternative scenario: Sell is in order if price trades below 25889 with take profit at 25373. Fundamentals:1:30PM USD Core Retail Sales m/m 3:00PM Fed Chair Powell Testifies Comment: Stocks has been on a upward move this week and they look …
