Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.16135 with take profit at 1.16248 Bearish Preference: Sell position is envisaged if price trades below 1.15775 with take profit at 1.15651 Fundamentals:1:30pm USD Core PCE Price Index m/m3:00pm USD ISM Manufacturing PMI Comment: EUR/USD starts the month in the lower end of the range and …
Instrument: USDCAD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.27453 with take profit at 1.27603. Bearish Preference: A Sell position is envisaged if price trades below price 1.26850 with take profit at 1.26720. Fundamentals:1:30pm CAD GDPUSD Core PCE Price Index m/m3:00pm USD ISM Manufacturing PMI Comment: The loonie gained some traction on the back …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 78.59 with take profit at 78.79 Bearish Preference: Sell position is envisaged if price trades below 77.20 with take profit at 76.95 Fundamentals:No Major Fundamental Comment: Oil fell below $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned …
Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1921.53 with take profit at key level 1930.92. Alternative scenario: Sell position if price trades below 1907.92 with the take profit at 1899.67. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: We see that the dollar and gold does have some …
Instrument: NZDUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 0.66466 with take profit at key level 0.66311. Alternative scenario: Buy if price trades above 0.66753 with take profit at 0.66923. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: On the H1 we see the instrument is on a strong …
Instrument: USDCAD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1.32640 with take profit at key level 1.32457. Alternative scenario: Buy if price trades above 1.32805 with take profit at 1.33044. Fundamentals:Fed Chair Powell Speaks (USD) 3:40 pm Comment: Technically on the H1 we see the instrument is trading around a strong resistance and …
Instrument: AUDUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 0.71568 with take profit at key level 0.71801. Alternative scenario: Sell if price trades below 0.71276 with take profit at 0.71101. Fundamentals:Annual Budget Release (AUD) 9:30 pmFed Chair Powell Speaks (USD) 3:40 pm Comment: The instrument closed bullish yesterday, despite the positive news from …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.28 with take profit at 40.56. Alternative scenario: Sell position is envisaged if price trades below 39.74 with take profit at 39.24. Fundamentals:No major economic data with bearing on the commodity Comment: The commodity has been pressured recently by the apparent glut in the …
