Instrument: DE30 Technical Analysis Bearish Preference: Sell if price trades below 12916.30 with take profit at 12868.20. Bullish Preference: Buy if price trades above 13073.72 with take profit at 13149.65. Fundamentals:No major fundamentals Comment: European Central Bank President Christine Lagarde cautioned Wednesday over expecting too much too soon from a Covid-19 vaccine. She said “While the latest news on …
Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1921.53 with take profit at key level 1930.92. Alternative scenario: Sell position if price trades below 1907.92 with the take profit at 1899.67. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: We see that the dollar and gold does have some …
Instrument: NZDUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 0.66466 with take profit at key level 0.66311. Alternative scenario: Buy if price trades above 0.66753 with take profit at 0.66923. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: On the H1 we see the instrument is on a strong …
Instrument: USDCAD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1.32640 with take profit at key level 1.32457. Alternative scenario: Buy if price trades above 1.32805 with take profit at 1.33044. Fundamentals:Fed Chair Powell Speaks (USD) 3:40 pm Comment: Technically on the H1 we see the instrument is trading around a strong resistance and …
Instrument: AUDUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 0.71568 with take profit at key level 0.71801. Alternative scenario: Sell if price trades below 0.71276 with take profit at 0.71101. Fundamentals:Annual Budget Release (AUD) 9:30 pmFed Chair Powell Speaks (USD) 3:40 pm Comment: The instrument closed bullish yesterday, despite the positive news from …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.28 with take profit at 40.56. Alternative scenario: Sell position is envisaged if price trades below 39.74 with take profit at 39.24. Fundamentals:No major economic data with bearing on the commodity Comment: The commodity has been pressured recently by the apparent glut in the …
Instrument: GOLD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1879.64 with take profit at 1869.65. Alternative scenario: Buy position is envisaged if price trades above 1902.90 with take profit at key level 1915.99 Fundamentals:None with direct impact on the commodity Comment: Gold was down on Wednesday morning over a strengthening dollar and cautious …
Instrument: AUDUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 0.71133 with take profit at key level 0.71405. Alternative scenario: Sell if price trades below 0.70965 with take profit at 0.70609. Fundamentals:CB Consumer Confidence (USD) 3.00 pm Comment: On the H1 we see the instrument broke a resistance zone and it is heading to the …
Instrument: US30 Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 27481 with take profit at key level 27807. Alternative scenario: Sell if price trades below 27320 with take profit at 27101. Fundamentals:CB Consumer Confidence (USD) 3.00 pm Comment: On the H1 we see the instrument has been on a buy binge and retraced a bit, …
Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference: SELL position is envisaged if price trades below 1.16108 with take profit at 1.15960 Alternative scenario: BUY position is envisaged if price trades above 1.16404 with take profit at 1.16689 Fundamentals:ECB President Lagarde Speaks (EUR) 2:45 PM Comment: The Greenback continued its recovery against major currencies last week due to the rise in the …
