Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1.18330 with take profit at key level 1.17250 Alternative scenario: Buy position is envisaged if price trades above key level at 1.18745 with take profit at 1.19500 Fundamentals:1:30pm Average Hourly Earnings m/m USD1:30pm Non-Farm Employment Change USD1:30pm Unemployment Rate USD Comment: EURUSD has currently …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 43.80 with take profit at 43.57 Alternative scenario: Buy position is envisaged if price trades above 44.54 with take profit at key level at 44.84 Fundamentals:No major economic data with direct bearing to this commodity Comment: Oil was bearish yesterday and this can be …
Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above key level at 1.18358 with take profit at 1.18902 Alternative scenario: Sell position is envisaged if price trades below 1.17658 with take profit at key level 1.16928 Fundamentals:10am ISM Non-Manufacturing PMI USD Comment: This pair got rejected after it hit a new higher high …
Instrument: AUDUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 0.73356 with take profit at 0.73044 Alternative scenario: Buy position is envisaged if price trades above 0.73848 with take profit at key level 0.74080 Fundamentals:1:15pm USD ADP Non-Farm Employment Change Comment: Separate data from the Australian Bureau of Statistics showed Australia suffered its worst economic …
Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1.8823 with take profit at 1.18450 Alternative scenario: Buy position is envisaged if price trades above 1.19353 with take profit at key level 1.19698 Fundamentals:1:15pm USD ADP Non-Farm Employment Change Comment: The dollar bounced off two-year lows on Wednesday as U.S. data pointed to a …
Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1.19662 with take profit at key level 1.20381 Alternative scenario: Sell if price trades below 1.19406 with take profit at 1.19236 Fundamentals:ISM Manufacturing PMI Comment: The USD saw a record drop in price among major currency pairs as Feds chair’s speech Mr. Powell failed …
