Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 35.94 with take profit at 36.72 Alternative scenario: Sell position is envisaged if price trades below 35.39 with take profit at 34.57 Fundamentals:No major economic data with bearing on the commodity Comment: The commodity has been supported recently by the gradual easing of lock down boosting sentiment of improved demand. …
Intraday: Bullish Technical Analysis Preference:Buy position is envisaged if price trades above 34.90 with take profit at 35.30 Alternative scenario: Sell position is envisaged if price trades below 32.89 with take profit at 32.20 Fundamentals:Baker Hughes Rig Count (US) 6pm Comment: The instrument has been over bought this week eventually setting a new high and the resistance at 36.90 proving …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.39092 with take profit at 1.38737 Alternative scenario: Buy position is envisaged if price trades above 1.39711 with take profit at 1.40137 Fundamentals:No major economic data with direct bearing on the commodity expected today Comment: The Canadian dollar is on the rise amid the better market …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 116.231 with take profit at 116.733 Alternative scenario: Sell position is envisaged if price trades below 115.881 with take profit at 115.038 Fundamentals:No major economic data expected today Comment: The common currency is envisaged to continue its recent recovery against the Yen in the session …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 30.60 take profit at 31.00 Alternative scenario: Sell at 30.19 with take profit at 29.86 Fundamentals:None Comment: Oil has gained in the last set of days based on optimism from the gradual reduction of lockdown around the world. It’s expected that demand would soar in …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 23709 with take profit at 23865 Alternative scenario: Sell position is envisaged if price trades below 23626 with take profit at 23480. Fundamentals:USD Unemployment Claims 1:30pm Comment: Fundamentally, this instrument has been trading upwards since late last night with investors preparing for the data for …
Intraday: Bearish Technical Analysis Preference: A sell trade is envisaged if price trades below 1.07794 with take profit at 1.07545 Alternative scenario: A buy trade is envisaged if price trades above 1.08086 with take profit at 1.08236 Fundamentals:1:30pm Unemployment Claims (USD)3pm ECB President Lagarde Speaks (EUR) Comment: Generally speaking, this pair has struggled breaking past a strong resistance level …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.08792 with take profit at 1.08438 Alternative scenario: Buy position is envisaged if price trades above 1.09061 with take profit at 1.09415. Fundamentals:German Constitutional Court Ruling (tentative).ISM Non – Manufacturing. Comment: The Euro saw a huge drop yesterday, we could attribute that to the negative data on …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.09209 with take profit at 1.08970 Alternative scenario: Buy position is envisaged if price trades above 1.09494 with take profit at 1.09649 Fundamentals:No major economic data expected today Comment: The statement by the White House pinning blame on China for the outbreak of the novel …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.41555 with take profit at 1.41906 Alternative scenario: Sell position is envisaged if price trades below 1.41094 with take profit at 1.40676 Fundamentals:No major economic data expected today Comment: The pair has established an uptrend on the hourly chart and the continuation will be confirmed once …
