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 …
Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.25653 with take profit at key level 1.26016. Alternative scenario: Sell if price trades below 1.25067 with take profit at 1.24623. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: Looking at the Fundamentals, the cable’s GDP m/m report which measure economic …
Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 42.65 with take profit at 41.91. Alternative scenario: Buy position is envisaged if price trades above 43.13 with take profit at 43.54. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Black gold gaped down on opening this week as expectations of …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.13361 with take profit at 1.13641. Alternative scenario: Buy position is envisaged if price trades above 1.36203 with take profit at key level 1.36472. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The number of new cases of infection in …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: BUY position is envisaged if price trades above 41.75 with take profit at 42.09 Alternative scenario: SELL position is envisaged if price trades above 41. 46 with take profit at 41.15 Fundamentals:No major economic data with direct bearing to this commodity Comment: Prices have started to fall in recent times and this …
Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.35955 with take profit at 1.35687. Alternative scenario: Buy position is envisaged if price trades above 1.36203 with take profit at key level 1.36472. Fundamentals:1:30pm CAD Employment Change Comment: Despite yesterday’s bullish move, USDCAD hit a verified resistance and is expected to trade bearish …
Instrument: GBPUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.26206 with take profit at key level 1.25823. Alternative scenario: Buy position is envisaged if price trades above 1.26603 with take profit at 1.26900. Fundamentals:No major economic data with direct bearing to this pair Comment: The news of a stimulus bill coming up in …
Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.13061 with take profit at 1.13404. Alternative scenario: Sell position is envisaged if price trades below 1.12562 with take profit at 1.12366. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The resurgence in the number of infections worldwide is dampening …
Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 42.74 with take profit at key level 43.33. Alternative scenario: Sell if price trades below 42.02 with take profit at 41.40. Fundamentals:No fundamentals Comment: In the past months we have seen Oil price rise from as low as $20pb to $45pb. As the effect …
