Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.27482 with take profit at 1.27741. Bearish Preference: Sell position is envisaged if price trades below 1.27013 with take profit at 1.26773. Fundamentals:No major fundamentals Comment: The Canadian Dollar be may increasingly at risk of depreciating further against the US Dollar. USD/CAD has closed above the key 1.2748 …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15171.54 with take profit at 15186.93. Bearish Preference: Sell position is envisaged if price trades below 15108.20 with take profit at 15090.11. Fundamentals:No major fundamental Comment: The Nasdaq 100 index pulled back from all-time highs last week and entered a technical correction. Prices breached below the 20-Day SMA line, …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.002 with take profit at 110.132. Bearish Preference: Sell position is envisaged if price trades below 109.834 with take profit at 100.732. Fundamentals:No major fundamentals Comment: USD traded between 109.55 and 109.88 last Friday, narrower than our expected sideway-trading range of 109.55/110.05. Momentum indicators are still ‘flat’ and …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14923.22 with take profit at 14938.78. Bearish Preference: Sell position is envisaged if price trades below 14847.35 with take profit at 14827.89. Fundamentals:No major fundamental Comment: Global shares fell for the fifth straight day and the dollar remained firm in a flight to safety on Friday …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36344 with take profit at 1.36472. Bearish Preference: Sell position is envisaged if price trades below 1.36008 with take profit at 1.35885. Fundamentals:No major fundamentals Comment: The U.S. dollar hit a new 9-1/2-month high against major peers on Friday, buoyed by fears that the Delta …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1788.72 with take profit at 1789.81. Bearish Preference: Sell position is envisaged if price trades below 1781.97 with take profit at 1780.54. Fundamentals:No major fundamental Comment: Gold was slightly higher Friday morning in Asia, with a stronger dollar taking some of the luster from a recent …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.29222 with take profit at 1.29394. Bearish Preference: Sell position is envisaged if price trades below 1.28463 with take profit at 1.28274. Fundamentals:1:30pm CAD Core Retail Sales m/m Comment: The safe-haven U.S. dollar …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1796.83 with take profit at 1800.22. Bearish Preference: Sell position is envisaged if price trades below 1783.72 with take profit at 1780.49. Fundamentals:USD 1:30PM Philly Fed Manufacturing Index …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17043 with take profit at 1.17161. Bearish Preference: Sell position is envisaged if price trades below 1.16840 with take profit at 1.16695. Fundamentals:USD 1:30PM Philly Fed Manufacturing Index …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 67.65 with take profit at 67.94. Bearish Preference: Sell position is envisaged if price trades below 66.20 with take profit at 65.89. Fundamentals:No major Fundamental Comment: Oil prices fell for the sixth day, the longest losing streak since February 2020, as a spike in COVID-19 …
