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Daily Market Analysis 19|08|2020: US30

Instrument: US30 Intraday: Bearish Technical Analysis Preference:  Sell position is envisaged if price trades below 27668 with take profit at 27598 Alternative scenario: Buy position is envisaged if price trades above 27786 with take profit at 27837 Fundamentals:No major economic data with direct bearing to this index     Comment:  Trump said last night that he personally called off the …

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Daily Market Analysis 17|08|2020: OIL

Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 45.10 with take profit at 45.49  Alternative scenario: Sell position is envisaged if price trades below 44.89 with take profit at 44.61. Fundamentals:No major economic data with direct bearing on the commodity Comment: The commodity is envisaged to surge higher owing to the reports …

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Daily Market Analysis 17|08|2020: AUDUSD

Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference:  Buy position is envisaged if price trades above 0.71966 with take profit at 0.72200 Alternative scenario: Sell position is envisaged if price trades below 0.71726 with take profit at 0.71475. Fundamentals:No major economic data with direct bearing on the pair     Comment:  The Australian economy has fared better than most other economies …

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Daily Market Analysis 27|07|2020: OIL

Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 42.95 with take profit at 42.41. Alternative scenario: Buy position is envisaged if price trades above 43.34 with take profit at 43.79. Fundamentals:No major economic data with bearing on this commodity. Comment: The commodity is envisaged to lose traction and trade lower as tensions …

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Daily Market Analysis 24|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.27250 with take profit at 1.27665 Alternative scenario: Sell position is envisaged if price trades below 1.27104 with take profit at 1.26950 Fundamentals:2:45PM USD Flash Manufacturing PMI  Comment: China ordered the United States to close its consulate in the city of Chengdu on Friday, …

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Daily Market Analysis 24|07|2020: OIL

Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.51 with take profit at 43.91. Alternative scenario: Sell position is envisaged if price trades below 42.80 with take profit at 42.50. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Oil has been bouncing off positive sentiments as tensions between the …

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Daily Market Analysis 23|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.27587 with take profit at 1.27927. Alternative scenario: Sell position is envisaged if price trades below 1.27163 with take profit at key level 1.26742. Fundamentals:No major economic data with direct bearing to this pair. Comment: The strength of the pounds sterling came as a …

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Daily Market Analysis 23|07|2020: GOLD

Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1876.80 with take profit at 1884.72. Alternative scenario: Sell position is envisaged if price trades below 1866.22 with take profit at key level 1860.50. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Gold keeps on reaching new unprecedented highs it last …

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Daily Market Analysis 15|07|2020: GOLD

Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1810.29 with take profit at key level 1815.15. Alternative scenario: Sell if price trades below 1806.07 with take profit at 1801.21. Fundamentals:No fundamental with direct impact on the commodity. Comment: Gold was marginally down on Wednesday in Asia, reversing its earlier gains. But the …

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Daily Market Analysis 02|06|2020: OIL

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 39.22 with take profit at 40.00 Alternative scenario: Sell position is envisaged if price trades below 38.05 with take profit at 37.37. Fundamentals:No major economic data with direct bearing on the commodity Comment: Black gold continued its recent recovery despite the rising US-China tensions. A …

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