Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 34513 with take profit at 34550. Bearish Preference: Sell position is envisaged if price trades below 34416 with take profit at 34383. Fundamentals:USD 1:30PM CPI m/m 1:30PM Core CPI m/m …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13872.62 with take profit at 13898.26 Bearish Preference: Sell position is envisaged if price trades below 13800.52 with take profit at 13769.51. Fundamentals:None with high impact on the index. Comment: Major averages closed near the flatline on Tuesday as stocks remained range bound near record …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.41769 with take profit at 1.41875. Bearish Preference: Sell position is envisaged if price trades below 1.41586 with take profit at 141485. Fundamentals:None with high impact on the pair. Comment: The UK’s successful Covid-19 vaccine roll-out has probably contributed to sterling’s firmness these past few months. …
Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1897.03 with take profit at 1899.55. Bearish Preference: Sell position is envisaged if price trades below 1889.84 with take profit at 1886.96. Fundamentals:None with high impact on the commodity. Comment: Gold was up on Wednesday morning in Asia as investors digested mixed inflation data from …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21925 with take profit at 1.22053. Bearish Preference: Sell position is envisaged if price trades below 1.21746 with take profit at 1.21655. Fundamentals:None with high impact on the pair. Comment: The dollar clung to marginal gains in early European trade Wednesday, but volatility was limited with traders …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13895.10 with take profit at 13918.30. Bearish Preference: Sell position is envisaged if price trades below 13803.08 with take profit at 13778.24. Fundamentals:No major fundamental. Comment: U.S. stocks are set to open in a subdued fashion Tuesday, with investors cautious ahead of the release of key …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.21 with take profit at 71.47. Bearish Preference: Sell position is envisaged if price trades below 70.59 with take profit at 70.36. Fundamentals:No major fundamental Comment: Investor worries were heightened by trade data from China, the world’s top oil importer, released on Monday. Imports grew 51.1% …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20909 with take profit at 1.21009. Bearish Preference: Sell position is envisaged if price trades below 1.20748 with take profit at 1.20643. Fundamentals:No major fundamental. Comment: USD/CAD is a touch lower as the North American session moves along trading at 1.2063 trading within a range of …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.74 with take profit at 71.86. Bearish Preference: Sell position is envisaged if price trades below 71.32 with take profit at 71.17. Fundamentals:No major fundamental. Comment: Looking ahead, traders will eye this week’s API and EIA crude oil reports for clues about the supply-demand relationship. The …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21710 with take profit at 1.21826. Bearish Preference: Sell position is envisaged if price trades below 1.21490 with take profit at 1.21370. Fundamentals:No major fundamental Comment: It was another disappointing NFP release out of the United States and this seemingly removes a bit of pressure from …
