Instrument: US30 Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 26882 with take profit at 26700 Alternative scenario: Buy position is envisaged if price trades above 27075 with take profit at key level 27196 Fundamentals:3:30pm USD Fed Chair Powell Testifies Comment: US stock markets continued falling on Monday as investors worried Congress would not agree …
Instrument: GOLD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1896.98 with take profit at 1880.93 Alternative scenario: Buy position is envisaged if price trades above 1923.74 with take profit at key level 1936.05 Fundamentals:3:30pm USD Fed Chair Powell Testifies Comment: Earlier in the day during the Asian session, a stronger US dollar cracked gold’s …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades above 39.23 with take profit at key level 38.89. Alternative scenario: Buy if price trades above 39.63 with take profit at 40.04. Fundamentals:No major economic data with bearing on the commodity. Comment: Energy prices has been tanking and this can be due to the fact …
Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades above 1.18685 with take profit at key level 1.18421. Alternative scenario: Buy if price trades above 1.18881 with take profit at 1.19122. Fundamentals:No major economic data with bearing on the pair. Comment: The Euro has seen significant gains after the passage of the Euro stimulus …
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 …
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 28499 with take profit at key level 28562 Alternative scenario: Sell if price trades below 28216 with take profit at 28077 Fundamentals:USD CB Consumer Confidence 3PM Comment: US Stocks has been on the upside for some days now and we can attribute that to …
Instrument: USDJPY Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 106.264 with take profit at key level 106.374 Alternative scenario: Sell if price trades below 106.045 with take profit at 105.877 Fundamentals:USD CB Consumer Confidence 3PM Comment: Technically the buck has been weak, but we have seen this instrument break key resistance levels as …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 45.34 with take profit at key level 45.04 Alternative scenario: Buy if price trades above 45.73 with take profit at 46.08 Fundamentals:No Fundamentals. Comment: Technically Brent has been hovering between 46.15 and 44.35 prize zones, right now investors would be waiting for crude oil …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17225 with take profit at key level 1.17616. Alternative scenario: Sell if price trades below 1.16784 with take profit at 1.16393. Fundamentals:No Fundamentals. Comment: The division in the US senate on what should be included in the Latest COVID -19 stimulus package has created …
Instrument: EURJPY Intraday: Bullish Technical Analysis Preference: Buy if price trades above 123.740 with take profit at 123.964. Alternative scenario: Sell position is envisaged if price trades below 123.502 with take profit at key level 123.263. Fundamentals:No Fundamentals. Comment: Technically on the weekly time frame we can this instrument testing the 200 MA previous weeks without success in breaking it. There are …
