Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.14944 with take profit at key level 1.15376. Alternative scenario: Sell if price trades below 1.14511 with take profit at 1.13908. 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 …
Instrument: GBPUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.25210 with take profit at key level 1.24862. Alternative scenario: Buy position is envisaged if price trades above 1.25706 with take profit at 1.26014. Fundamentals:No fundamental with direct impact on the pair Comment: The dollar strengthened between yesterday and today after news of positive …
Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1803.05 with take profit at key level 1800.50. Alternative scenario: Buy if price trades above 1808.05 with take profit at 1813.02. Fundamentals:USD 1pmCore Retail Sales m/mRetail Sales m/m Comment: Gold is expected to trade bearish after news of more COVID vaccine tests have been …
Instrument: GBPUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.25215 with take profit at key level 1.24638. Alternative scenario: Buy position is envisaged if price trades above 1.25716 with take profit at 1.26205. Fundamentals:EUR 12:45pmMain Refinancing RateMonetary Policy StatementECB Press Conference USD 1:30pmCore Retail Sales m/mRetail Sales m/m Comment: The dollar strengthened between …
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 …
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 26794 with take profit at key level 26994. Alternative scenario: Sell if price trades below 26424 with take profit at 26174. Fundamentals:No fundamental with direct impact on the index. Comment: US30 jumped on Wednesday as optimism about a coronavirus vaccine bolstered risk appetite. Moderna …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1804.72 with take profit at key level 1810.84. Alternative scenario: Sell if price trades below 1790.54 with take profit at 1781.35. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: The yellow metal has seen its price spike due to market instability …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.13361 with take profit at 1.13641. Alternative scenario: Buy position is envisaged if price trades above 1.36203 with take profit at key level 1.36472. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The number of new cases of infection in …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: BUY position is envisaged if price trades above 41.75 with take profit at 42.09 Alternative scenario: SELL position is envisaged if price trades above 41. 46 with take profit at 41.15 Fundamentals:No major economic data with direct bearing to this commodity Comment: Prices have started to fall in recent times and this …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.18 with take profit at 43.61. Alternative scenario: Sell position is envisaged if price trades below 42.63 with take profit at 42.26. Fundamentals:Crude Oil Inventories (US) 3:30 PM Comment: Black gold closed bearish in the session yesterday as report from the American Petroleum Institute …
