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Daily Market Analysis 05|05|2020: EURUSD

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 …

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Daily Market Analysis 04|05|2020: EURUSD

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 …

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Daily Market Analysis 04|05|2020: USDCAD

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 …

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Daily Market Analysis 30|04|2020: EURUSD

Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if  price trades below 1.08551 with take profit at 1.08184 Alternative scenario: Buy position is envisaged if price trades above 1.08777 with take profit at 1.08911 Fundamentals:EUR  Main Refinancing Rate 12:45pmEUR  Monetary Policy Statement 12:45pmEUR  ECB Press Conference 1:30pmUSD  Unemployment Claims 1:30pm Comment: The EURO gains from yesterday quickly …

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Daily Market Analysis 29|04|2020: AUDUSD

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.65679 with take profit at 0.65970 Alternative scenario: Sell position is envisaged if price trades below 0.65100 with take profit at 0.64694 Fundamentals:1:30pm    USD    Advance GDP q/q7:00pm    USD    FOMC Statement Comment: The upbeat market mood remained well supported by the slowing spread of the coronavirus, …

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Daily Market Analysis 29|04|2020: USDCAD

Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.39259 with take profit at 1.38740 Alternative scenario: Buy position is envisaged if price trades above 1.40092 with take profit at 1.40579. Fundamentals:1:30pm    USD    Advance GDP q/q7:00pm    USD    FOMC Statement Comment: The pair nears the two-week low flashed the previous day amid broad US dollar weakness …

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Daily Market Analysis 28|04|2020: AUDUSD

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.64822 with TP at 0.65189. Alternative scenario: Sell position is envisaged if price trades below 0.64455 TP at 0.64203. Fundamentals:CB Consumer Confidence (USD) 3:00pm Comment: Technically, on the H1 time frame we have seen that the pair has been making higher highs, we expect the instrument …

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Daily Market Analysis 27|04|2020: EURUSD

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.08474 with take profit at 1.08779 Alternative scenario: Sell position is envisaged if price trades below 1.08367 with take profit at 1.08141 Fundamentals:No major economic data expected today Comment: The pair is envisaged to trade higher today, having successfully closed above the bearish channel on the hourly …

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Daily Market Analysis 24|04|2020: EURUSD

Intraday: Bearish Technical Analysis Preference: Sell if price trades below 1.07300 with take profit at 1.07240 Alternative scenario: Buy position is envisaged if price trades above 1.07340 with take profit at 1.07400 Fundamentals: EUR  9:00am  German for                                       Business Climate USD  1:30pm Core Durable  …

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Daily Market Analysis 23|04|2020: EURUSD

Intraday: Bearish Technical Analysis Preference: Sell if price trades below 1.08121 with take profit at 1.07840 Alternative scenario: Buy position is envisaged if price trades above 1.08355 with take profit at 1.08529 Fundamentals:French Flash Services PMI (EU) 8:15amFrench Flash Manufacturing PMI (EU) 8:15amGerman Flash Manufacturing PMI (EU) 8:30amGerman Flash Services PMI (EU) 8:30amUnemployment Claims (USD) 1:30pmFlash Manufacturing …

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