Intraday: Bullish Technical Analysis Preference: BUY position is envisaged if price trades above 1.26660 with take profit at 1.26987. Alternative scenario: SELL position is envisaged if price trades above 1.26111 with take profit at 1.25756. Fundamentals:ADP Non-Farm Employment Change (US) 1:15 PM Comment: The Cable has been strengthened in the last set of days and it has eventually broken the …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 0.68850 with take profit at 0.68647 Alternative scenario: Buy position is envisaged if price trades above 0.69235 with take profit at 0.69664. Fundamentals:No major economic data with direct bearing to this pair Comment: Technically, this pair got rejected at a psychological resistance zone twice and shows …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 0.64060 with take profit at 0.63647. Alternative scenario: Buy position is envisaged if price trades above 0.64348 with take profit at 0.64570 Fundamentals:No major economic data with direct bearing to this pair Comment: Technically, this pair also got rejected at a psychological resistance zone twice which …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.11555 with take profit at 1.11750. Alternative scenario: Sell position is envisaged if price trades below 1.10937 with take profit at 1.10659 Fundamentals:No major economic data with direct bearing on the pair Comment: The Greenback is currently pressured by the seeming recovery of global economies in …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.66213 with take profit at 0.66520. Alternative scenario: Sell position is envisaged if price trades below 0.65975 with take profit at 0.65740. Fundamentals:1:30pm USD Prelim GDP q/q Comment: The US economy has been under intense pressure after tensions between the US and china escalated, this pushed …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.38073 with take profit at 1.38671. Alternative scenario: Sell position is envisaged if price trades below 1.37215 with take profit at 1.36301. Fundamentals:None Comment: A retracement is expected on USDCAD as there are sentiments on a fall in oil prices due to signs Russia was planning to start …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.09445 with take profit at 1.09251. Alternative scenario: Buy position is envisaged if price trades above 1.09687 with take profit at 1.09902. Fundamentals:8:30am EUR ECB President Lagarde Speaks Comment: The decline could be associated with the worries about the US response to China’s proposed security …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.08391 with take profit at 1.08004 Alternative scenario: Buy position is envisaged if price trades above 1.09153 with take profit at 1.09295 Fundamentals:No major economic data with direct bearing on the pair Comment: The Greenback is envisaged to surge higher against the common currencies after it was reported that Germany the Bloc’ biggest …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.09016 with take profit at 1.08836 Alternative scenario: Buy position is envisaged if price trades above 1.09260 with take profit at 1.09377 Fundamentals:ECB Monetary Policy Meeting Accounts (EUR) 12:30 pm Comment: The Greenback traded higher yesterday against an array of other currencies, the Euro inclusive and given that previous data released from the Eurozone has …
