Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 1.12993 with take profit at 1.13330. Alternative scenario: Sell is in order if price trades below 1.12627 with take profit at 1.12189. Fundamentals:5:00pm USD Fed Chair Powell Testifies Comment: The dollar drifted lower in early European trade Wednesday, but ranges are tight as investors …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 37.52 with take profit at 36.00 Alternative scenario: Buy position is envisaged if price trades above 37.97 with take profit at 38.46 Fundamentals:No major economic data with direct bearing on the commodity Comment: Oil is envisaged to be pressured by increasing concern of a second wave of COVID19 infections …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1721.50 with take profit at 1727.00. Alternative scenario: Sell position is envisaged if price trades below 1713.45 with take profit at 1702.45 Fundamentals:1:30pm USD Prelim GDP q/q Comment: Despite global optimism on economic recovery from COVID 19, Tensions between the U.S and China escalates and outweighs sentiment. This …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.21816 with take profit at 1.21492 Alternative scenario: Buy position is envisaged if price trades above 1.22198 with take profit at 1.22358 Fundamentals:GBP Flash Manufacturing PMI 9:30amGBP Flash Services PMI 9:30amUSD Flash manufacturing PMI 2:45pmUSD Fed. Chair Powell speaks 7:30pm Comment: The US gained very quickly late …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.39607 with take profit at 1.40056 Alternative scenario: Sell position is envisaged if price trades below 1.38970 with take profit at 1.38573 Fundamentals:USD Flash manufacturing PMI 2:45pmUSD Fed. Chair Powell speaks 7:30pm Comment: Technically, this pair reached a 14 day low, forming a double bottom which …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 107.610 with take profit at 107.900 Alternative scenario: Sell position is envisaged if price trades below 107.557 with take profit at 107.348 Fundamentals:Core CPI m/m (USD) 1:30 pmCPI m/m (USD) 1:30 pm Comment: The JPY has seen steady decline against other major currency pair, and …
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 …
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 …
Intraday: Bearish Technical Analysis Preference: Sell if price trades below 1.08121 with take profit at 1.07840 Alternative scenario: Buy position is envisaged if price trades above 1.08355 with take profit at 1.08529 Fundamentals:French Flash Services PMI (EU) 8:15amFrench Flash Manufacturing PMI (EU) 8:15amGerman Flash Manufacturing PMI (EU) 8:30amGerman Flash Services PMI (EU) 8:30amUnemployment Claims (USD) 1:30pmFlash Manufacturing …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1722.86 with take profit at 1746.22 Alternative scenario: Sell if price trades below 1705.06 with take profit at 1690.04 Fundamentals:Unemployment Claims (USD) 1:30pmFlash Manufacturing PMI (USD) 2:45 pm Comment: The past few weeks have witnessed a tremendous gain on the precious metal gold; Due to the …
