Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.14944 with take profit at key level 1.15376. Alternative scenario: Sell if price trades below 1.14511 with take profit at 1.13908. Fundamentals:No Fundamentals. Comment: The EU passed a post pandemic stimulus plan for their corona-virus-hit economies on Tuesday after a fractious summit that lasted …
Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.25772 with take profit at 1.26122. Alternative scenario: Sell position is envisaged if price trades below 1.25473 with take profit at 1.25129. Fundamentals:No major economic data with bearing on the pair Comment: The pair is surging northward as sentiment on the second wave of …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.14846 with take profit at 1.15352. Alternative scenario: Sell position is envisaged if price trades below 1.14260 with take profit at 1.13794. Fundamentals:EU Economic Summit (EUR) All-day Comment: The pair is currently trading on an upward channel on the daily chart supporting the possibility …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 43.00 with take profit at 42.86. Alternative scenario: Buy position is envisaged if price trades above 43.30 with take profit at 43.44. Fundamentals:No fundamental with direct impact on the commodity Comment: Oil is moving down based on bad sentiments from the OPEC meetings and …
Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1803.05 with take profit at key level 1800.50. Alternative scenario: Buy if price trades above 1808.05 with take profit at 1813.02. Fundamentals:USD 1pmCore Retail Sales m/mRetail Sales m/m Comment: Gold is expected to trade bearish after news of more COVID vaccine tests have been …
Instrument: GBPUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.25215 with take profit at key level 1.24638. Alternative scenario: Buy position is envisaged if price trades above 1.25716 with take profit at 1.26205. Fundamentals:EUR 12:45pmMain Refinancing RateMonetary Policy StatementECB Press Conference USD 1:30pmCore Retail Sales m/mRetail Sales m/m Comment: The dollar strengthened between …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1810.29 with take profit at key level 1815.15. Alternative scenario: Sell if price trades below 1806.07 with take profit at 1801.21. Fundamentals:No fundamental with direct impact on the commodity. Comment: Gold was marginally down on Wednesday in Asia, reversing its earlier gains. But the …
Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 26794 with take profit at key level 26994. Alternative scenario: Sell if price trades below 26424 with take profit at 26174. Fundamentals:No fundamental with direct impact on the index. Comment: US30 jumped on Wednesday as optimism about a coronavirus vaccine bolstered risk appetite. Moderna …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1804.72 with take profit at key level 1810.84. Alternative scenario: Sell if price trades below 1790.54 with take profit at 1781.35. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: The yellow metal has seen its price spike due to market instability …
