Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.01 with take profit at 71.19. Bearish Preference: Sell position is envisaged if price trades below 70.18 with take profit at 70.01. Fundamentals:No major fundamental Comment: The U.S. Energy Information Administration (EIA) reported that American crude inventories fell last week for a third consecutive week and overall fuel demand …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.37233 with take profit at 1.37351. Bearish Preference: Sell position is envisaged if price trades below 1.36915 with take profit at 1.36793. Fundamentals:1:30pm USD Core Durable Goods Orders m/m Comment: The Pound (GBP) is trading level against the US …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15394.08 with take profit at 15413.46. Bearish Preference: Sell position is envisaged if price trades below 15299.21 with take profit at 15278.07. Fundamentals:1:30pm USD Core Durable Goods Orders m/m Comment: Another day, another record. The major averages rose again Tuesday following a broad-based stock rally powered by full …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.26313 with take profit at 1.26469. Bearish Preference: Sell position is envisaged if price trades below 1.25969 with take profit at 1.25840. Fundamentals:1:30pm USD Core Durable Goods Orders m/m3:30pm USD Crude Oil …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 70.63 with take profit at 70.85. Bearish Preference: Sell position is envisaged if price trades below 69.68 with take profit at 69.43. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices nudged lower on Wednesday, taking …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.769 with take profit at 109.864. Bearish Preference: Sell position is envisaged if price trades below 109.614 with take profit at 109.522. Fundamentals:No major fundamental Comment: The Dollar/Yen is edging higher on Tuesday but remains inside last Thursday’s wide range, suggesting investor indecision and impending volatility. Treasury yields late …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1807.70 with take profit at 1809.38. Bearish Preference: Sell position is envisaged if price trades below 1802.32 with take profit at 1800.62. Fundamentals:No major fundamentals Comment: Despite the U.S dollar showing signs of stability on Tuesday, gold traded above $1,800 per ounce. COVID-19 may be able to delay …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15425.54 with take profit at 15456.21. Bearish Preference: Sell position is envisaged if price trades below 15290.04 with take profit at 15265.87. Fundamentals:No major fundamental Comment: As stocks were up on Tuesday morning, with the first full approval for a COVID-19 vaccine expected to boost U.S. vaccination rates and assuaging …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17506 with take profit at 1.17645. Bearish Preference: Sell position is envisaged if price trades below 1.17271 with take profit at 1.17129. Fundamentals:No major fundamentals Comment: European stock markets are expected to edge higher at the open Tuesday, helped by a strong handover from Wall Street after the …
Instrument: EURCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.49411 with take profit at 1.49622. Bearish Preference: Sell position is envisaged if price trades below 1.48892 with take profit at 1.48688. Fundamentals:No major fundamental Comment: The Canadian Dollar’s stance against the Euro seems relatively more neutral. EUR/CAD remains above falling resistance from the end of last year but …
