Instrument: OIL Technical Analysis Bullish Preference: Buy is envisaged if price trades above 45.61 with take profit at 46.12. Bearish Preference: Sell is envisaged if price trades below 44.96 with take profit at 44.46. Fundamentals:No Major Fundamentals Comment: Brent prices rose as investor and traders eyed a recovery in crude oil demand, thanks to the successful corona-virus vaccine trials, also …
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 …
Instrument: AUDUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 0.71133 with take profit at key level 0.71405. Alternative scenario: Sell if price trades below 0.70965 with take profit at 0.70609. Fundamentals:CB Consumer Confidence (USD) 3.00 pm Comment: On the H1 we see the instrument broke a resistance zone and it is heading to the …
Instrument: US30 Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 27481 with take profit at key level 27807. Alternative scenario: Sell if price trades below 27320 with take profit at 27101. Fundamentals:CB Consumer Confidence (USD) 3.00 pm Comment: On the H1 we see the instrument has been on a buy binge and retraced a bit, …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 116.657 with take profit at 117.159 Alternative scenario: Sell position is envisaged if price trades below 116.340 with take profit at 115.944 Fundamentals:No major economic data expected today Comment: Technically the instrument look to surge upwards. On the H1 we see that there is a …
Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 1.08372 with take profit at 1.08266 * Alternative scenario: Buy position is envisaged if price trades above 1.09000 with take profit at 1.09221 * Fundamentals:No major economic data expected today Comment: Market sentiment on the pair remain bearish owing to the expected global recession …
