Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.83 with take profit at 84.02 Bearish Preference: Sell position is envisaged if price trades below 83.43 with take profit at 83.24 Fundamentals:No Major Fundamental Comment: Crude oil continued higher today as the reality of OPEC+ not adding to production output seems to be sinking …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1788.09 with take profit at 1789.78 Bearish Preference: Sell position is envisaged if price trades below 1784.32 with take profit at 1782.56 Fundamentals:3:00pm USD ISM Manufacturing PMI Comment: Gold prices swooned as expected Friday as traders put the prior day’s soft third-quarter US GDP print …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.23806 with take profit at 1.23868. Bearish Preference: Sell position is envisaged if price trades below 1.23673 with take profit at 1.23612. Fundamentals:3:00pm USD ISM Manufacturing PMI Comment: The USD/CAD pair lacked any firm directional bias on Monday and remained confined in a narrow trading band, below …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.15757 with take profit at 1.15879. Bearish Preference: Sell position is envisaged if price trades below 1.15441 with take profit at 1.15370. Fundamentals:EUR French Bank Holiday Italian Bank HolidayUSD 3:00pm ISM Manufacturing PMI Comment: EUR/USD remains sidelined around 1.1550, following the heaviest daily …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.80 with take profit at 83.92 Bearish Preference: Sell position is envisaged if price trades below 83.40 with take profit at 83.26 Fundamentals:No major fundamental Comment: Over the past few weeks, oil prices have continued to proceed along a upward trajectory as commodity shortages remain …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.23689 with take profit at 1.23776. Bearish Preference: Sell position is envisaged if price trades below 1.23490 with take profit at 1.23406. Fundamentals:No major fundamental Comment: The Canadian Dollar’s strength in recent days slowed heading into the final full trading week of October. Still, that leaves …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.16127 with take profit at 1.16198. Bearish Preference: Sell position is envisaged if price trades below 1.15983 with take profit at 1.15909. Fundamentals:No major fundamental Comment: The safe haven US Dollar has recently lost momentum against major currency pairs as fundamentals continue to weigh on …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.37947 with take profit at 1.38043. Bearish Preference: Sell position is envisaged if price trades below 1.37553 with take profit at 1.37438. Fundamentals:No major fundamental Comment: The GBP/USD pair extended its rejection slide from the very important 200-day SMA and witnessed some selling for the second …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1801.54 with take profit at 1803.18. Bearish Preference: Sell position is envisaged if price trades below 1795.04 with take profit at 1793.30. Fundamentals:No major fundamental Comment: Gold gained across the board last week as rising G10 inflation expectations outpaced gains in sovereign bond yields – …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.16060 with take profit at 1.16100. Bearish Preference: Sell position is envisaged if price trades below 1.15932 with take profit at 1.15893 Fundamentals:2:15PM USD: Industrial Production m/m Comment: The safe-haven US Dollar has recently lost momentum against major currency pairs as fundamentals continue to weigh on …
