Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 102.66 with take profit at 103.11 Bearish Preference: Sell position is envisaged if price trades below 101.67 with take profit at 101.07 Fundamentals:No major Fundamental. Comment: Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15681.51 with take profit at 15713.51. Bearish Preference: Sell position is envisaged if price trades below 15590.85 with take profit at 15555.30. Fundamentals:No major fundamental Comment: The Nasdaq fell 1.9%. The major averages ended off the session lows. “It was a colossal miss,” Darren Schuringa, CEO …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.24121 with take profit at 1.24215. Bearish Preference: Sell position is envisaged if price trades below 1.23774 with take profit at 1.23672. Fundamentals:2:15PM USD: Industrial Production m/m3:30PM CAD: BOC Business Outlook Survey Comment: CAD’s rally continued this week, with USD/CAD breaking decisively below 1.24. Economists …
Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.36288 with take profit at 1.36411. Bearish Preference: A Sell position is envisaged if price trades below price 1.35689 with take profit at 1.35550. Fundamentals: 1:30pm USD Unemployment Claims Comment: The GBP/USD pair quickly recovered around 25-30 pips from the early European session lows, albeit …
Instrument: GBPUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.36912 with take profit at price 1.37141. Bearish Preference: A sell position is envisaged if price trades below price 1.36563 with take profit at price 1.36334. Fundamentals: No major fundamental. Comment: GBP/USD’s price action has been unexciting over the past few months. During this time, the pair …
Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1825.79 with take profit at price 1828.51. Bearish Preference: A sell position is envisaged if price trades below price 1821.85 with take profit at price 1819.29. Fundamentals: No major Fundamentals Comment: The US dollar is squeezing gently higher in US-holiday thinned trade Monday and has recovered all …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15099.22 with take profit at 15118.55. Bearish Preference: Sell position is envisaged if price trades below 15041.33 with take profit at 15019.07. Fundamentals:USD 3:00PM: FOMC Member Bostic Speaks JOLTS Job Openings …
Instrument: EURUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.22297 with take profit at price 1.22440. Bearish Preference: A sell position is envisaged if price trades below price 1.22009 with take profit at price 1.21870. Fundamentals:3:00pm USD ISM Manufacturing PMI Comment: The dollar weakened in early European trade Tuesday, slipping to multi-month lows …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21009 with take profit at 1.21147. Bearish Preference: Sell position is envisaged if price trades below 1.20709 with take profit at 1.20567. Fundamentals:1:30pm CAD Core Retail Sales m/m CAD Retail Sales m/m2:45pm USD Flash …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.42115 with take profit at 1.42262. Bearish Preference: Sell position is envisaged if price trades below 1.41517 with take profit at 1.41197. Fundamentals:3:00 pm GBP BOE Gov Bailey Speaks Comment: The dollar was down on Tuesday morning in Asia, also hovering close to multi-month lows against …
