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Daily Market Analysis 18|09|2020: US30

Instrument: US30 Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 27830 with take profit at 27905 Alternative scenario: Sell position is envisaged if price trades below 27710 with take profit at key level 27608 Fundamentals:None with direct impact on the index. Comment:  Stocks suffered losses but finished above session lows Thursday, and today, …

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Daily Market Analysis 11|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 39.62 with take profit at 39.32 Alternative scenario: Buy when price trades above 40.22 with take profit 40.54 Fundamentals:No Fundamentals. Comment: Oil prices declined as there is a strong decline in demand for crude oil products. Prices have been pushing lower and it is …

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Daily Market Analysis 11|09|2020: US30

Instrument: US30 Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price below 27647 with take profit at 27496 Alternative scenario: Buy position is envisaged if price trades above 27845 with take profit at key level 28003 Fundamentals:None with direct impact on the index Comment:  Wall Street plunged Thursday as big tech gave up early-day gains and signs …

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Daily Market Analysis 04|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 43.79 with take profit at 43.39 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No fundamental with direct impact on the instrument Comment: The Oil market sold yesterday and the general trend of the instrument seems …

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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 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 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 21|08|2020: OIL

Instrument: OIL Intraday: Bearish Technical Analysis Preference:  Sell position is envisaged if price trades below 44.65 with take profit at 44.24 Alternative scenario: Buy position is envisaged if price trades above 45.15 with take profit at key level at 45.55 Fundamentals:No major economic data with direct bearing to this commodity    Comment:  Oil became extremely bearish yesterday after the …

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Daily Market Analysis 07|08|2020: GOLD

Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 2076.07 with take profit at 2087  Alternative scenario:  Sell position is envisaged if price trades below 2050.00 with take profit at key level at 2030 Fundamentals:USD 1:30PM Average Hourly         Earnings m/m Non-Farm Employment Change Unemployment Rate Comment: Sino-Us trade tensions and the mixed data …

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Daily Market Analysis 07|08|2020: USDCAD

Instrument: USDCAD Intraday: Bearish Technical Analysis Preference:  Sell position is envisaged if price trades below 1.33380 with take profit at key level 1.33153 Alternative scenario: Buy if price trades above 1.33607 with take profit at 1.33939 Fundamentals:CAD    Unemployment Rate USD    Average Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment:  Although oil has seen consistent rise thanks to the weak dollar and the …

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