Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1765.44 with take profit at key level 1761.78. Alternative scenario: Buy if price trades above 1770.34 with take profit at 1775.05. Fundamentals:USD 1:30pmAverage Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment: Gold seen as a safe haven has always reacted negatively when sentiments in the …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy if price trades above 42.12 with take profit at 43.35. Alternative scenario: Sell position is envisaged if price trades below 41.04 with take profit at 39.94. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 39.78 with take profit at 39.15. Alternative scenario: Buy position is envisaged if price trades above 40.52 with take profit at 41.42. Fundamentals:No major economic data with direct bearing on the commodity. Comment: Black gold is currently pressured by the ever-rising number of COVID-19 …
Instrument: EURUSD Intraday: Bearish Technical Analysis Preference: SELL position is envisaged if price trades below 1.12408 with take profit at 1.12129. Alternative scenario: BUY position is envisaged if price trades above 1.12641 with take profit at 1.13100. Fundamentals:USD Core PCE Price Index m/m Personal Spending m/m Comment: Economic data pointed to an economic recovery in the U.S. …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1766.38 with take profit at 1774.80. Alternative scenario: Sell position is envisaged if price trades below 1757.60 with take profit at key level 1751.39. Fundamentals:No major economic data with direct bearing to this commodity Comment: The mixed sentiment among investors have made gold a major …
Instrument: GBPJPY Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 132.466 with take profit at key level 131.918. Alternative scenario: Buy if price trades above 133.687 with take profit at 134.190. Fundamentals:No major economic data with direct bearing to this pair Comment: This pair has been rejected constantly from a bearish trendline on the …
Instrument: US.30 Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 24969 with take profit at key level 24705. Alternative scenario: Buy if price trades above 25462 with take profit at 25770. Fundamentals:No major economic data with direct bearing to this index Comment: This index prior to today was ranging at a strong key level, …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 42.65 with take profit at 43.00 Alternative scenario: Sell position is envisaged if price trades below 42.19 with take profit at 41.24 Fundamentals:No major economic data with direct bearing on the commodity Comment: Oil is envisaged to be supported this week by the decline in the number of active rigs …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.12066 with take profit at 1.12443. Alternative scenario: Sell position is envisaged if price trades below 1.11521 with take profit at 1.111205. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The common currency lost ground last week owing to the failure of the European Union leaders …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 25764 with take profit at key level 25446. Alternative scenario: Buy if price trades above 26050 with take profit at 26314. Fundamentals:No major economic data with a direct bearing to this index Comment: This index prior to today was ranging at a strong key level, …
