Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 0.68969 with take profit at 0.68540. Alternative scenario: Buy position is envisaged if price trades above 0.69587 with take profit at 0.70110. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: Despite the fact that the dollar lost strength between yesterday and today, …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 0.70090 with take profit at 0.70364. Alternative scenario: Sell is in order if price trades below 0.69713 with take profit at 0.69427. Fundamentals:1:30pm USD CPI m/m USD Core CPI m/m7:00pm USD Federal Funds Rate Comment: The US dollar is …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 1.34384 with take profit at 1.34896. Alternative scenario: Sell is in order if price trades below 1.34378 with take profit at 1.34061. Fundamentals:No major economic data with direct bearing on the commodity. Comment: USD has been on a free fall against the CAD, we could …
Intraday: Bullish Technical Analysis Preference: BUY position is envisaged if price trades above 1.26660 with take profit at 1.26987. Alternative scenario: SELL position is envisaged if price trades above 1.26111 with take profit at 1.25756. Fundamentals:ADP Non-Farm Employment Change (US) 1:15 PM Comment: The Cable has been strengthened in the last set of days and it has eventually broken the …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 0.64060 with take profit at 0.63647. Alternative scenario: Buy position is envisaged if price trades above 0.64348 with take profit at 0.64570 Fundamentals:No major economic data with direct bearing to this pair Comment: Technically, this pair also got rejected at a psychological resistance zone twice which …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.66213 with take profit at 0.66520. Alternative scenario: Sell position is envisaged if price trades below 0.65975 with take profit at 0.65740. Fundamentals:1:30pm USD Prelim GDP q/q Comment: The US economy has been under intense pressure after tensions between the US and china escalated, this pushed …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.39607 with take profit at 1.40056 Alternative scenario: Sell position is envisaged if price trades below 1.38970 with take profit at 1.38573 Fundamentals:USD Flash manufacturing PMI 2:45pmUSD Fed. Chair Powell speaks 7:30pm Comment: Technically, this pair reached a 14 day low, forming a double bottom which …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.08031 with take profit at 1.07809 Alternative scenario: Buy position is envisaged if price trades above 1.08328 with take profit at 1.08779 Fundamentals:1:30 pm Unemployment Claims (USD) Comment: This pair got rejected at the 1.08 level after the Fed Chair made a statement squashing all …
Intraday: Bearish Technical Analysis Preference: A Sell position is envisaged if price trades below 1.21809 with take profit at 1.21550 Alternative scenario: Buy position is envisaged if price trades above 1.22155 with take profit at 1.22385 Fundamentals:1:30 pm Unemployment Claims (USD) Comment: This pair also started trading bearish after the Fed Chair made a statement clearing all doubts on …
Intraday: Bearish Technical Analysis Preference: A Sell position is envisaged if price trades below 1.08420 with take profit at 1.07936 Alternative scenario: Buy position is envisaged if price trades above 1.08522 with take profit at 1.08862 Fundamentals:No major economic data expected today Comment: The pair recovered slightly on opening but was stalled by the 200 Exponential Moving Average acting …
