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Daily Market Analysis 01|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.19662 with take profit at key level 1.20381 Alternative scenario: Sell if price trades below 1.19406  with take profit at 1.19236 Fundamentals:ISM Manufacturing PMI Comment:  The USD saw a record drop in price among major currency pairs as Feds chair’s speech Mr. Powell failed …

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Daily Market Analysis 31|08|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.19099 with take profit at 1.19448 Alternative scenario: Sell position is envisaged if price trades below 1.18902 with take profit at 1.18264 Fundamentals:No major economic data with bearing on the pair. Comment:  The pair is envisaged to trade higher owing to the dovish stance …

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Daily Market Analysis 28|08|2020: USDCAD

Instrument: USDCAD Intraday: Bearish Technical Analysis Preference:  Sell position is envisaged if price trades below 1.30888 with take profit at 1.30778 Alternative scenario: Buy position is envisaged if price trades above 1.30945 with take profit at 1.31537 Fundamentals:1:30pm    CAD    GDP m/mUSD    Core PCE Price Index m/mUSD    Personal Spending m/m Comment:  The loonie gained momentum despite the recovery of the …

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Daily Market Analysis 26|08|2020: US30

Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 28240 with take profit at 28335. Alternative scenario: Sell position is envisaged if price trades below 28107 with take profit at 28043. Fundamentals:No fundamental with direct impact on the index Comment: Stock markets are set to see mixed trading Wednesday, pausing after further records …

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Daily Market Analysis 17|06|2020: EURUSD

Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 1.12993 with take profit at 1.13330. Alternative scenario: Sell is in order if price trades below 1.12627 with take profit at 1.12189. Fundamentals:5:00pm USD Fed Chair Powell Testifies Comment: The dollar drifted lower in early European trade Wednesday, but ranges are tight as investors …

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Daily Market Analysis 10|06|2020: US30

Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 27514 with take profit at 27599. Alternative scenario: Sell is in order if price trades below 27345 with take profit at 27251 Fundamentals:1:30pm   USD    CPI m/m                 USD    Core CPI m/m7:00pm   USD Federal Funds Rate Comment: U.S. stock-index futures …

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Daily Market Analysis 15|04|2020: AUDUSD

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 …

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