Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 43.80 with take profit at 43.57 Alternative scenario: Buy position is envisaged if price trades above 44.54 with take profit at key level at 44.84 Fundamentals:No major economic data with direct bearing to this commodity Comment: Oil was bearish yesterday and this can be …
Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1.19662 with take profit at key level 1.20381 Alternative scenario: Sell if price trades below 1.19406 with take profit at 1.19236 Fundamentals:ISM Manufacturing PMI Comment: The USD saw a record drop in price among major currency pairs as Feds chair’s speech Mr. Powell failed …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 44.65 with take profit at 44.24 Alternative scenario: Buy position is envisaged if price trades above 45.15 with take profit at key level at 45.55 Fundamentals:No major economic data with direct bearing to this commodity Comment: Oil became extremely bearish yesterday after the …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 45.34 with take profit at key level 45.04 Alternative scenario: Buy if price trades above 45.73 with take profit at 46.08 Fundamentals:No Fundamentals. Comment: Technically Brent has been hovering between 46.15 and 44.35 prize zones, right now investors would be waiting for crude oil …
Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.32983 with take profit at key level 1.32505. Alternative scenario: Buy if price trades above 1.33249 with take profit at 1.33476. Fundamentals:No Fundamentals. Comment: The loonie has been growing in strength against it counter part the dollar, we could attribute the dollar weakness to …
Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.33380 with take profit at key level 1.33153 Alternative scenario: Buy if price trades above 1.33607 with take profit at 1.33939 Fundamentals:CAD Unemployment Rate USD Average Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment: Although oil has seen consistent rise thanks to the weak dollar and the …
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 26863 with take profit at key level 26979. Alternative scenario: Sell if price trades below 26666 with take profit at 26497. Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but …
Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.71918 with take profit at key level 0.72192. Alternative scenario: Sell if price trades below 0.71462 with take profit at 0.71089. Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: The dollar was down in Asia on Wednesday morning, with hopes of a U.S. economic recovery from …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17225 with take profit at key level 1.17616. Alternative scenario: Sell if price trades below 1.16784 with take profit at 1.16393. Fundamentals:No Fundamentals. Comment: The division in the US senate on what should be included in the Latest COVID -19 stimulus package has created …
Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.27587 with take profit at 1.27927. Alternative scenario: Sell position is envisaged if price trades below 1.27163 with take profit at key level 1.26742. Fundamentals:No major economic data with direct bearing to this pair. Comment: The strength of the pounds sterling came as a …
