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 …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1932 with take profit at 1940 Alternative scenario: Sell position is envisaged if price trades below 1921 with take profit at key level at 1913. Fundamentals:No major economic data with direct bearing to this commodity Comment: Gold has been trying to recover from its …
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: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 26863 with take profit at key level 26979. Alternative scenario: Sell if price trades below 26666 with take profit at 26497. Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but …
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 1.17225 with take profit at key level 1.17616. Alternative scenario: Sell if price trades below 1.16784 with take profit at 1.16393. Fundamentals:No Fundamentals. Comment: The division in the US senate on what should be included in the Latest COVID -19 stimulus package has created …
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 …
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 …
Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.27199 with take profit at key level 1.27849. Alternative scenario: Sell if price trades below 1.26698 with take profit at 1.26148. Fundamentals:No Fundamentals. Comment: The EU passed a post pandemic stimulus plan for their corona-virus-hit economies on Tuesday after a fractious summit that lasted …
