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Daily Analysis

Daily Market Analysis 20|04|2020: OIL

Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 26.82 with take profit at 26.50 * Alternative scenario: Buy position is envisaged if price trades above 27.58 with take profit at 28.45 * Fundamentals:No major economic data expected today Comment: The sentiment on black gold is still bearish as supply far outweigh …

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Daily Market Analysis 17|04|2020: EURUSD

Intraday: Bearish * Technical Analysis * Preference: A sell is in order if price trades below 1.08480 with take profit at 1.08433 * Alternative scenario: Buy once price trades below 1.08570 with take profit at 1.08630 * Fundamentals:IMF Meetings Eur: Trade Balance Final CPI Final Core CPIUSA: CB learning Index  Comment: The greenback is currently basking in sentiments given that …

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Daily Market Analysis 17|04|2020: OIL

Intraday: Bearish * Technical Analysis * Preference: A sell is in order if price trades below 28.00 with take profit at 27.50 * Alternative scenario: Buy once price trades above 28.75 with take profit 29.22 * Fundamentals:None Comment: Oil has dropped in recent weeks but a recovery from this current slump is not evident given that Brent crude rose …

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Daily Market Analysis 16|04|2020: EURUSD

Intraday: Bullish * Technical Analysis * Preference: A Buy position is envisaged if price trades above 1.08956 with take profit at 1.09047 * Alternative scenario: A Sell position is envisaged if  price trades below 1.08783 with take profit at 1.08650 * Fundamentals:USD Unemployment Claims 1:30pm Comment: The dollar gains from yesterday quickly went sour today as data …

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Daily Market Analysis 16|04|2020: USDJPY

Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged  if price trades below 107.706 with take profit at 107.680 * Alternative scenario: A Buy position is envisaged if price trades above 107.815 with take profit at 107.990 * Fundamentals:USD Unemployment Claims 1:30pm Comment: most investors have been weary of the dollar and have recently started pumping their …

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Daily Market Analysis 15|04|2020: EURUSD

Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if trades below 1.09496 with take profit at 1.09400 * Alternative scenario: A Buy position is envisaged if price trades above 1.09545 with take profit at 1.09600 * Fundamentals:USD    Core Retail Sales m/mUSD    Retail Sales m/mUSD    Empire State Manufacturing IndexUSD    Capacity Utilization RateUSD    Industrial Production …

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Daily Market Analysis 15|04|2020: AUDUSD

Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged at current price with take profit at 0.63325. * Alternative scenario: A Buy position is envisaged if price trades above 0.63325 with take profit at 0.63444 * Fundamentals:USD    Core Retail Sales m/mUSD    Retail Sales m/mUSD Empire State Manufacturing IndexUSD    Capacity Utilization Rate Comment: The U.S. dollar rose in …

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Daily Market Analysis 14|04|2020: EURUSD

Intraday: Bullish * Technical Analysis * Preference: A Buy position is envisaged if price trades above 1.09402 with take profit at 1.09611 * Alternative scenario: A Sell position is envisaged if price trades below 1.09197 with take profit at 1.08982 * Fundamentals:No major economic data with direct bearing on the currency pair Comment: EUR/USD is gaining ground …

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Daily Market Analysis 14|04|2020: OIL

Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 31.76 with take profit at 30.74 * Alternative scenario: A Buy position is envisaged if price trades above 32.34 with take profit at 33.08 * Fundamentals:No major economic data with direct bearing on the currency pair Comment: OPEC agreed over Easter to cut …

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Daily Market Analysis 13|04|2020: EURUSD

Intraday: Bullish * Technical Analysis * Preference: A buy trade is envisaged if price trades above 1.09721 with take  profit at 1.09919 * Alternative scenario: A sell trade is envisaged if price trades below 1.09478 with take  profit at 1.09264 * Fundamentals:No major economic data with direct bearing on the currency pair Comment: The common currency has …

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