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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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Daily Market Analysis 21|08|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.18720 with take profit at 1.18820  Alternative scenario: Sell position is envisaged if price trades below 1.18560 with take profit at key level at 1.18460 Fundamentals:8:30 am    EUR  German Flash Services PMI                          …

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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 …

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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. …

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Daily Market Analysis 28|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17225 with take profit at key level 1.17616. Alternative scenario: Sell if price trades below 1.16784 with take profit at 1.16393. Fundamentals:No Fundamentals. Comment: The division in the US senate on what should be included in the Latest COVID -19 stimulus package has created …

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Daily Market Analysis 28|07|2020: EURJPY

Instrument: EURJPY Intraday: Bullish Technical Analysis Preference: Buy if price trades above 123.740 with take profit at 123.964. Alternative scenario: Sell position is envisaged if price trades below 123.502 with take profit at key level 123.263. Fundamentals:No Fundamentals. Comment: Technically on the weekly time frame we can this instrument testing the 200 MA previous weeks without success in breaking it. There are …

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Daily Market Analysis 27|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17356 with take profit at 1.18290. Alternative scenario: Sell position is envisaged if price trades below 1.16712 with take profit at 1.15987. Fundamentals:Core Durable Goods Orders m/m  (USD) 1:30 PMDurable Goods Orders m/m  (USD) 1:30 PM Comment: The pair crossed the  1.17 price mark …

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Daily Market Analysis 21|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.27199 with take profit at key level 1.27849. Alternative scenario: Sell if price trades below 1.26698 with take profit at 1.26148. Fundamentals:No Fundamentals. Comment: The EU passed a post pandemic stimulus plan for their corona-virus-hit economies on Tuesday after a fractious summit that lasted …

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Daily Market Analysis 21|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.14944 with take profit at key level 1.15376. Alternative scenario: Sell if price trades below 1.14511 with take profit at 1.13908. Fundamentals:No Fundamentals. Comment: The EU passed a post pandemic stimulus plan for their corona-virus-hit economies on Tuesday after a fractious summit that lasted …

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Daily Market Analysis 20|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.25772 with take profit at 1.26122. Alternative scenario: Sell position is envisaged if price trades below 1.25473 with take profit at 1.25129. Fundamentals:No major economic data with bearing on the pair Comment: The pair is surging northward as sentiment on the second wave of …

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