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: 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: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.14846 with take profit at 1.15352. Alternative scenario: Sell position is envisaged if price trades below 1.14260 with take profit at 1.13794. Fundamentals:EU Economic Summit (EUR) All-day Comment: The pair is currently trading on an upward channel on the daily chart supporting the possibility …
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: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.25653 with take profit at key level 1.26016. Alternative scenario: Sell if price trades below 1.25067 with take profit at 1.24623. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: Looking at the Fundamentals, the cable’s GDP m/m report which measure economic …
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: EURUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.13195 with take profit at key level 1.12960. Alternative scenario: Buy position is envisaged if price trades above 1.13389 with take profit at 1.13633. Fundamentals:No major economic data with direct bearing to this pair Comment: Rising cases in corona virus and the ongoing EURO …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.13061 with take profit at 1.13404. Alternative scenario: Sell position is envisaged if price trades below 1.12562 with take profit at 1.12366. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The resurgence in the number of infections worldwide is dampening …
Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.35641 with take profit at key level 1.35288. Alternative scenario: Buy if price trades above 1.35846 with take profit at 1.36071. Fundamentals:No fundamentals Comment: The buck strengthened this week, an we can attribute that to the strong Non- Manufacturing PMI report, which came out …
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Bull position is envisaged if price trades above 26338 with take profit at 26578 Alternative scenario: Sell position is envisaged if price trades below 25929 with take profit at 25612 Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: the Dow Jones reached continued its bullish move buoyed by a record surge in payrolls, which …
