Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 109.995 with take profit at price 110.076. Bearish Preference: A sell position is envisaged if price trades below price 109.803 with take profit at price 109.728. Fundamentals: No major Fundamentals Comment: The dollar edged higher in early European trading Monday, but remained near a one-month low as …
Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 35457 with take profit at 35490. Bearish Preference: Sell position is envisaged if price trades below 35332 with take profit at 35294. Fundamentals: No major Fundamentals Comment: Most stocks on Wall Street ended last week on a downbeat after August’s mixed non-farm payrolls report, with the Dow Jones …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.26434 with take profit at 1.26583. Bearish Preference: Sell position is envisaged if price trades below 1.26027 with take profit at 1.25875. Fundamentals: No major fundamental. Comment: Technically, USD/CAD is currently bouncing around a critical level of support on the technical front. Firstly, the key level …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18121 with Take profit at 1.18235. Bearish Preference: Sell position is envisaged if price trades below 1.17897 with take profit at 1.17789. Fundamentals:No major fundamental. Comment: A late Friday surge as Powell’s much anticipated Jackson Hole speech, failed to provide a notable signal for tapering, …
Instrument: EURCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.49411 with take profit at 1.49622. Bearish Preference: Sell position is envisaged if price trades below 1.48892 with take profit at 1.48688. Fundamentals:No major fundamental Comment: The Canadian Dollar’s stance against the Euro seems relatively more neutral. EUR/CAD remains above falling resistance from the end of last year but …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.27482 with take profit at 1.27741. Bearish Preference: Sell position is envisaged if price trades below 1.27013 with take profit at 1.26773. Fundamentals:No major fundamentals Comment: The Canadian Dollar be may increasingly at risk of depreciating further against the US Dollar. USD/CAD has closed above the key 1.2748 …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.002 with take profit at 110.132. Bearish Preference: Sell position is envisaged if price trades below 109.834 with take profit at 100.732. Fundamentals:No major fundamentals Comment: USD traded between 109.55 and 109.88 last Friday, narrower than our expected sideway-trading range of 109.55/110.05. Momentum indicators are still ‘flat’ and …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.478 with take profit at 109.671. Bearish Preference: Sell position is envisaged if price trades below 109.228 with take profit at 109.051. Fundamentals:No major fundamental. Comment: The US Dollar is seeing some movement Friday morning. USD price action has been trading on its back foot for most of …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1784.37 with take profit at 1788.50. Bearish Preference: Sell position is envisaged if price trades below 1769.73 with take profit at 1765.14. Fundamentals:No major fundamental. Comment: Gold held steadily during Tuesday’s APAC session after gaining 2.9% over the last three trading days. Risk sentiment turned sour …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38967 with take profit at 1.39088. Bearish Preference: Sell position is envisaged if price trades below 1.38536 with take profit at 1.38440. Fundamentals:USD 3:00PM: FOMC Member Bostic Speaks JOLTS Job Openings …
