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Daily Market Analysis 06|10|2020: USDCAD

Instrument: USDCAD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1.32640 with take profit at key level 1.32457. Alternative scenario: Buy if price trades above 1.32805 with take profit at 1.33044. Fundamentals:Fed Chair Powell Speaks (USD) 3:40 pm Comment: Technically on the H1 we see the instrument is trading around a strong resistance and …

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Daily Market Analysis 05|10|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.17351 with take profit at 1.17460. Alternative scenario: Sell position is envisaged if price trades below 1.17184 with take profit at 1.17077. Fundamentals:ISM Non-Manufacturing PMI (US) 3 PMEurogroup  Meetings (EUR) All-day Comment:  The dollar traded flat against major currencies last week as the return …

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Daily Market Analysis 21|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price trades below 1.18417 with take profit at 1.18132 Alternative scenario: Buy position is envisaged if price trades above 1.18738 with take profit at 1.18983 Fundamentals:Fed Chair Powell Speaks (US) 3 PM Comment:  Economic data from the Eurozone have shown a rebound in recent times but with …

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Daily Market Analysis 15|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price trades above 1.18685 with take profit at key level 1.18421. Alternative scenario: Buy if price trades above 1.18881  with take profit at 1.19122. Fundamentals:No major economic data with bearing on the pair. Comment:  The Euro has seen significant gains after the passage of the Euro stimulus …

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Daily Market Analysis 14|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.18598 with take profit at 1.18898 Alternative scenario: Sell position is envisaged if price trades below 1.18402 with take profit at 1.18153 Fundamentals:No major economic data with bearing on the pair. Comment:  The Fed position has been bearish for the dollar over a couple …

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Daily Market Analysis 10|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above key level at 1.18450 with take profit at 1.18900 Alternative scenario: Sell position is envisaged if price trades below 1.17500 with take profit at key level 1.17000 Fundamentals:Main Refinancing Rate 12:45 pm EURMonetary Policy Statement 12:45 pm EURECB Press Conference 1:30pm EURUnemployment Claims …

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Daily Market Analysis 07|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.18682 with take profit at 1.19059 Alternative scenario: Sell position is envisaged if price trades below 1.18222 with take profit at 1.17947 Fundamentals:No major economic data with bearing on the pair. Comment:  The broader sentiment on the greenback remain weak as Powell reiterated the …

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Daily Market Analysis 04|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price trades below 1.18330 with take profit at key level 1.17250 Alternative scenario: Buy position is envisaged if price trades above key level at 1.18745 with take profit at 1.19500 Fundamentals:1:30pm Average Hourly Earnings m/m USD1:30pm Non-Farm Employment Change USD1:30pm Unemployment Rate USD Comment:  EURUSD has currently …

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Daily Market Analysis 25|08|2020: USDJPY

Instrument: USDJPY Intraday: Bullish Technical Analysis Preference:  Buy position is envisaged if price trades above 106.264 with take profit at key level 106.374 Alternative scenario: Sell if price trades below 106.045  with take profit at 105.877 Fundamentals:USD CB Consumer Confidence  3PM Comment:  Technically the buck has been weak, but we have seen this instrument break key resistance levels as …

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Daily Market Analysis 24|08|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.18242 with take profit at 1.18687  Alternative scenario: Sell position is envisaged if price trades below 1.18016 with take profit at 1.17705 Fundamentals:No major economic data with direct bearing on the pair Comment: The Greenback recovered some lost ground against the common currency on …

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