Intraday: Bearish Technical Analysis Preference: A Sell position is envisaged if price trades below 24.19 with take profit at 23.3.0 Alternative scenario: Buy position is envisaged if price trades above 25.81 with take profit at 26.47 Fundamentals:No major economic data expected today Comment: The commodity has been on a downward spiral. This because the pandemic and destabilized the economy …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Intraday: Bearish * Technical Analysis * Preference: A sell trade is envisaged if price trades below 1.39193 with take profit at 1.38943 * Alternative scenario: A buy trade is envisaged if price trades above 1.39548 with take profit at 1.39997 * Fundamentals:No major economic data with direct bearing on the currency pair Comment: The pair is envisaged to break to the downside …
