Instrument: USDJPY Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 106.264 with take profit at key level 106.374 Alternative scenario: Sell if price trades below 106.045 with take profit at 105.877 Fundamentals:USD CB Consumer Confidence 3PM Comment: Technically the buck has been weak, but we have seen this instrument break key resistance levels as …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.18242 with take profit at 1.18687 Alternative scenario: Sell position is envisaged if price trades below 1.18016 with take profit at 1.17705 Fundamentals:No major economic data with direct bearing on the pair Comment: The Greenback recovered some lost ground against the common currency on …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 44.75 with take profit at 45.00 Alternative scenario: Sell position is envisaged if price trades below 44.55 with take profit at 44.16 Fundamentals:No major economic data with direct bearing to this commodity Comment: Black gold is envisaged to close higher today, buoyed by …
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 …
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 …
Instrument: USDJPY Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 105.640 with take profit at 105.923 Alternative scenario: Sell position is envisaged if price trades below 105.349 with take profit at 105.152 Fundamentals:7:00pm USD FOMC Meeting Minutes Comment: While the exact reason for the turnaround in the US dollar is not known, the timing of …
Instrument: US30 Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 27668 with take profit at 27598 Alternative scenario: Buy position is envisaged if price trades above 27786 with take profit at 27837 Fundamentals:No major economic data with direct bearing to this index Comment: Trump said last night that he personally called off the …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 45.10 with take profit at 45.49 Alternative scenario: Sell position is envisaged if price trades below 44.89 with take profit at 44.61. Fundamentals:No major economic data with direct bearing on the commodity Comment: The commodity is envisaged to surge higher owing to the reports …
