Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Bull position is envisaged if price trades above 0.69842 with take profit at 0.70418. Alternative scenario: Sell position is envisaged if price trades below 0.69400 with take profit at 0.68862 Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: The markets are currently focused on other currency pairs, like the Australian dollar, which is still …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: SELL position is envisaged if price trades below 42.50 with take profit at 42.09 Alternative scenario: BUY position is envisaged if price trades above 43.26 with take profit at 43.65 Fundamentals:no major economic data with direct bearing to this commodity Comment: The fear of the second wave of infections in the pandemic …
Instrument: EURUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.12156 with take profit at 1.11944 Alternative scenario: Buy position is envisaged if price trades above 1.12520 with take profit at 1.12762 Fundamentals:NO New Fundamentals Comment: The Greenback yesterday recording Thursday an addition of 4.8 million jobs in June and manufacturing activity rebounding more …
Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1765.44 with take profit at key level 1761.78. Alternative scenario: Buy if price trades above 1770.34 with take profit at 1775.05. Fundamentals:USD 1:30pmAverage Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment: Gold seen as a safe haven has always reacted negatively when sentiments in the …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy if price trades above 42.12 with take profit at 43.35. Alternative scenario: Sell position is envisaged if price trades below 41.04 with take profit at 39.94. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much …
Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Buy if price trades above 0.69097 with take profit at 0.69518. Alternative scenario: Sell position is envisaged if price trades below 0.68825 with take profit at 0.68511. Fundamentals:1:15pm USD ADP Non-Farm Employment Change Comment: This instrument bounced off a support and has seen strong bullish momentum which is expected to continue if …
Instrument: NZDUSD Intraday: Bearish Technical Analysis Preference: Sell if price trades above 0.63925 with take profit at 0.63788. Alternative scenario: Buy position is envisaged if price trades above 0.64051 with take profit at key level 0.64227. Fundamentals:Feds chair Powell Testifies (USD) 5:30pm Comment: The Kiwi has been ranging against the USD from a strong support to a strong resistance …
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: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.12669 with take profit at 1.13098. Alternative scenario: Sell position is envisaged if price trades below 1.12316 with take profit at 1.12068. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The common currency is envisaged to regain some lost ground …
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 …
