Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.94 with take profit at 75.11. Bearish Preference: Sell position is envisaged if price trades below 74.23 with take profit at 74.00. Fundamentals:No major fundamental Comment: Oil price met resistance in the past five days within $74.78 and $75.22 and has not since been able to climb …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20909 with take profit at 1.21009. Bearish Preference: Sell position is envisaged if price trades below 1.20748 with take profit at 1.20643. Fundamentals:No major fundamental. Comment: USD/CAD is a touch lower as the North American session moves along trading at 1.2063 trading within a range of …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1888.20 with take profit at 1891.49. Bearish Preference: Sell position is envisaged if price trades below 1879.31 with take profit at 1875.93. Fundamentals:No major fundamental. Comment: Gold prices pulled back slightly during Monday’s Asia-Pacific trade after rising over 1% on Friday. Market participants are assessing comments …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20152 with take profit at 1.21177. Bearish Preference: Sell position is envisaged if price trades below 1.20712 with take profit at 1.20583. Fundamentals:1:30pm USD Core PCE Price Index m/m2:45pm USD Chicago PMI Comment: The buying opportunities in the US dollar pushed USD/CAD higher on …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13598.65 with take profit at 13633.55. Bearish Preference: Sell position is envisaged if price trades below 13503.00 with take profit at 13462.93. Fundamentals:No Major fundamentals Comment: There are worries that President Joe Biden’s $2.3 billion capital-gains tax proposal may be on the rise, particularly after …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13794.68 with take profit at 13816.42. Bearish Preference: Sell position is envisaged if price trades below13707.64 with take profit at 13689.63. Fundamentals:No Major fundamentals Comment: Asian share markets were mostly positive Tuesday as investors looked to signs of recovery from the coronavirus pandemic as major …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38970 with take profit at 1.39091. Bearish Preference: Sell position is envisaged if price trades below 1.38523 with take profit at 1.38323. Fundamentals:7:00pm USD FOMC Statement Comment: The dollar was up on Wednesday morning in Asia ahead of the U.S. Federal Reserve’s latest policy decision and …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.37921 with take profit at 1.38039. Bearish Preference: Sell position is envisaged if price trades below 1.37642 with take profit at 1.37505. Fundamentals:3:00pm USD ISM Manufacturing PMI Comment: The dollar remained strong in early European trading Thursday, near multi-month highs amid expectations of strong U.S. …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.216 with take profit at 109.320. Bearish Preference: Sell position is envisaged if price trades below 109.039 with take profit at 108.930. Fundamentals:No major fundamental Comment: The Dollar/Yen closed higher on Friday as a spike in U.S. Treasury yields widened the spread against Japanese Government …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.247 with take profit at 109.401. Bearish Preference: Sell position is envisaged if price trades below 108.809 with take profit at 108.703. Fundamentals:No major economic data Comment: The dollar was up on Friday morning in Asia but remained near a one-week low as calmer bond …
