Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1.18598 with take profit at 1.18898 Alternative scenario: Sell position is envisaged if price trades below 1.18402 with take profit at 1.18153 Fundamentals:No major economic data with bearing on the pair. Comment: The Fed position has been bearish for the dollar over a couple …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 39.62 with take profit at 39.32 Alternative scenario: Buy when price trades above 40.22 with take profit 40.54 Fundamentals:No Fundamentals. Comment: Oil prices declined as there is a strong decline in demand for crude oil products. Prices have been pushing lower and it is …
Instrument: US30 Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price below 27647 with take profit at 27496 Alternative scenario: Buy position is envisaged if price trades above 27845 with take profit at key level 28003 Fundamentals:None with direct impact on the index Comment: Wall Street plunged Thursday as big tech gave up early-day gains and signs …
Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1945.00 with take profit at 1950.00 Alternative scenario: Sell position is envisaged if price trades below 1939.00 with take profit at key level at 1933.00 Fundamentals:Main Refinancing Rate 12:45 pm EURMonetary Policy Statement 12:45 pm EURECB Press Conference 1:30pm EURUnemployment Claims Comment: The strength …
Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above key level at 1.18450 with take profit at 1.18900 Alternative scenario: Sell position is envisaged if price trades below 1.17500 with take profit at key level 1.17000 Fundamentals:Main Refinancing Rate 12:45 pm EURMonetary Policy Statement 12:45 pm EURECB Press Conference 1:30pm EURUnemployment Claims …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.13 with take profit at key level 40.94. Alternative scenario: Sell if price trades above 39.03 with take profit at 38.15. Fundamentals:No major economic data with bearing on the commodity Comment: Oil prices declined as there was decline in demand for crude oil products. …
Instrument: USDCAD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1.31415 with take profit at key level 1.31584 Alternative scenario: Sell position is envisaged if price below 1.31008 with take profit at 1.30788 Fundamentals:No major economic data with bearing on the pair. Comment: The loonie pair marks the second day of run-up as market sentiment favors …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 41.67 with take profit at 41.15 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No major economic data with bearing on the commodity Comment: The commodity is envisaged to trade lower in today’s session as Oil …
Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1.18682 with take profit at 1.19059 Alternative scenario: Sell position is envisaged if price trades below 1.18222 with take profit at 1.17947 Fundamentals:No major economic data with bearing on the pair. Comment: The broader sentiment on the greenback remain weak as Powell reiterated the …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 43.79 with take profit at 43.39 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No fundamental with direct impact on the instrument Comment: The Oil market sold yesterday and the general trend of the instrument seems …
