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 …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above key level at 1.18540 with take profit at 1.19000 Alternative scenario: Sell position is envisaged if price trades below 1.17666 with take profit at key level 1.17000 Fundamentals:USD Fed Chair Powell Speaks 2:10pmUSD Jackson Hole Symposium all day Comment: The overall bearish out look …
Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.31783 with take profit at 1.31625 Alternative scenario: Buy position is envisaged if price trades above 1.31941 with take profit at 1.32098 Fundamentals:3:30pm USD Crude Oil Inventories Comment: The CAD bulls may be facing exhaustion, having engineered a 1,500-pip decline in the USD/CAD pair …
Instrument: NZDUSD Intraday: Bearish Technical Analysis Preference: Sell if price trades above 0.63925 with take profit at 0.63788. Alternative scenario: Buy position is envisaged if price trades above 0.64051 with take profit at key level 0.64227. Fundamentals:Feds chair Powell Testifies (USD) 5:30pm Comment: The Kiwi has been ranging against the USD from a strong support to a strong resistance …
Instrument: AUDUSD Intraday: Bearish Technical Analysis Preference: Sell if price trades above 0.68362 with take profit at 0.68157. Alternative scenario: Buy position is envisaged if price trades above 0.68556 with take profit at key level 0.68802. Fundamentals:Feds chair Powell Testifies (USD) 5:30 pm Comment: This instrument has been ranging between a strong support and resistance on the H1, though for …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.34944 with take profit at key level 1.34618. Alternative scenario: Buy if price trades above 1.35346 with take profit at 1.35572. Fundamentals:Flash Manufacturing PMI 2:45pm (USD) Comment: The instrument strengthen against the dollar as the strength of the dollar due to the dovish testimony of the …
