USDCHF Market Analysis 10|08|2020 – Video
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Daily Market Analysis 10|08|2020: EURUSD
Instrument: EURUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.17571 with take profit at 1.17234 Alternative scenario: Buy position is envisaged if price trades above 1.17935 with take profit at 1.18407 Fundamentals:No major economic data with bearing on the pair. Comment: The Greenback is envisaged to trade higher due to the release of …
Daily Market Analysis 10|08|2020: USDCAD
Instrument: USDCAD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.34018 with take profit at 1.34411 Alternative scenario: Sell position is envisaged if price trades below 1.33592 with take profit at 1.33282 Fundamentals:No major economic data with bearing on the pair. Comment: The pair is expected to trade higher today owing to the release …
Daily Market Analysis 07|08|2020: GOLD
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 2076.07 with take profit at 2087 Alternative scenario: Sell position is envisaged if price trades below 2050.00 with take profit at key level at 2030 Fundamentals:USD 1:30PM Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate Comment: Sino-Us trade tensions and the mixed data …
Daily Market Analysis 07|08|2020: USDCAD
Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.33380 with take profit at key level 1.33153 Alternative scenario: Buy if price trades above 1.33607 with take profit at 1.33939 Fundamentals:CAD Unemployment Rate USD Average Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment: Although oil has seen consistent rise thanks to the weak dollar and the …
Daily Market Analysis 05|08|2020: US30
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 26863 with take profit at key level 26979. Alternative scenario: Sell if price trades below 26666 with take profit at 26497. Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but …
Daily Market Analysis 05|08|2020: AUDUSD
Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.71918 with take profit at key level 0.72192. Alternative scenario: Sell if price trades below 0.71462 with take profit at 0.71089. Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: The dollar was down in Asia on Wednesday morning, with hopes of a U.S. economic recovery from …
Daily Market Analysis 03|08|2020: OIL
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 42.79 with take profit at 42.33. Alternative scenario: Buy position is envisaged if price trades above 43.40 with take profit at 43.92. Fundamentals:No major economic data with direct bearing on the commodity Comment: The commodity is envisaged to trade lower owing to the rising …
Daily Market Analysis 03|08|2020: EURUSD
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17834 with take profit at 1.18932. Alternative scenario: Sell position is envisaged if price trades below 1.17032 with take profit at 1.16440. Fundamentals:ISM Manufacturing PMI (USD) 3 PM Comment: The greenback recovered some lost ground earlier today as a technical retracement on the pair. …
Daily Market Analysis 29|07|2020: US30
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 26358 with take profit at 26427. Alternative scenario: Sell position is envisaged if price trades below 26271 with take profit at 26196. Fundamentals:7:00pm USD FOMC Statement Federal Funds Rate Comment: The US seems to be in a race to complete details of a $1 …