Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.39042 with take profit at 1.39662 Alternative scenario: Sell position is envisaged if price trades below 1.38583 with take profit at 1.38400 Fundamentals:USD Unemployment Claims 1:30pm Comment: Technically, this pair got rejected when it tested a two week low and price momentum slowed down afterwards. Investors are …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.39259 with take profit at 1.38740 Alternative scenario: Buy position is envisaged if price trades above 1.40092 with take profit at 1.40579. Fundamentals:1:30pm USD Advance GDP q/q7:00pm USD FOMC Statement Comment: The pair nears the two-week low flashed the previous day amid broad US dollar weakness …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 1.41860 with take profit at 1.42532. Alternative scenario: Sell position is envisaged if price trades below 1.41391 with take profit at 1.40976 Fundamentals:Core retail sales m/m (CAD) 1:30 pmRetail Sales m/m (CAD) 1:30 pm Comment: The COVID 19 has seen a lot of economy …
