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: GBPUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.26206 with take profit at key level 1.25823. Alternative scenario: Buy position is envisaged if price trades above 1.26603 with take profit at 1.26900. Fundamentals:No major economic data with direct bearing to this pair Comment: The news of a stimulus bill coming up in …
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 …
Instrument: AUDUSD Intraday: Bearish Technical Analysis Preference: Sell if price trades above 0.68362 with take profit at 0.68157. Alternative scenario: Buy position is envisaged if price trades above 0.68556 with take profit at key level 0.68802. Fundamentals:Feds chair Powell Testifies (USD) 5:30 pm Comment: This instrument has been ranging between a strong support and resistance on the H1, though for …
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 121.257 with take profit at key level 121.889. Alternative scenario: Sell if price trades below 120.755 with take profit at 120.574. Fundamentals:German Flash Manufacturing PMI 8:30am (EUR)German Flash Service PMI 8:30am (EUR)French Flash Manufacturing PMI 8:15 am(EUR) Comment: The euro saw a string of positive news this morning …
