Instrument: USDCHF Technical Analysis Bullish Preference: Buy is envisaged if price trades above 0.91029 with take profit at 0.91150. Bearish Preference: Sell is envisaged if price trades below 0.90826 with take profit at 0.90528. Fundamentals:Manufacturing PMI (USD) 3:45PM Comment: The buck has been struggling to break a high of 0.91239 zone and price keeps re-testing a strong support at 0.90889. …
Instrument: OIL Technical Analysis Bullish Preference: Buy is envisaged if price trades above 45.61 with take profit at 46.12. Bearish Preference: Sell is envisaged if price trades below 44.96 with take profit at 44.46. Fundamentals:No Major Fundamentals Comment: Brent prices rose as investor and traders eyed a recovery in crude oil demand, thanks to the successful corona-virus vaccine trials, also …
Instrument: DE30 Technical Analysis Bearish Preference: Sell if price trades below 12916.30 with take profit at 12868.20. Bullish Preference: Buy if price trades above 13073.72 with take profit at 13149.65. Fundamentals:No major fundamentals Comment: European Central Bank President Christine Lagarde cautioned Wednesday over expecting too much too soon from a Covid-19 vaccine. She said “While the latest news on …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.28 with take profit at 40.56. Alternative scenario: Sell position is envisaged if price trades below 39.74 with take profit at 39.24. Fundamentals:No major economic data with bearing on the commodity Comment: The commodity has been pressured recently by the apparent glut in the …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 42.31 with take profit at 41.86. Alternative scenario: Buy position is envisaged if price trades above 42.69 with take profit at 43.30. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Black gold is envisaged to trade lower as the potential return …
Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1955.00 with take profit at 1958.60. Alternative scenario: Sell position is envisaged if price trades below 1949.00 with take profit at key level at 1945.00. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Gold gained massive strength earlier Friday morning due …
Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1.18598 with take profit at 1.18898 Alternative scenario: Sell position is envisaged if price trades below 1.18402 with take profit at 1.18153 Fundamentals:No major economic data with bearing on the pair. Comment: The Fed position has been bearish for the dollar over a couple …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.13 with take profit at key level 40.94. Alternative scenario: Sell if price trades above 39.03 with take profit at 38.15. Fundamentals:No major economic data with bearing on the commodity Comment: Oil prices declined as there was decline in demand for crude oil products. …
Instrument: AUDUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 0.73356 with take profit at 0.73044 Alternative scenario: Buy position is envisaged if price trades above 0.73848 with take profit at key level 0.74080 Fundamentals:1:15pm USD ADP Non-Farm Employment Change Comment: Separate data from the Australian Bureau of Statistics showed Australia suffered its worst economic …
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 28499 with take profit at key level 28562 Alternative scenario: Sell if price trades below 28216 with take profit at 28077 Fundamentals:USD CB Consumer Confidence 3PM Comment: US Stocks has been on the upside for some days now and we can attribute that to …
