Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 37.52 with take profit at 36.00 Alternative scenario: Buy position is envisaged if price trades above 37.97 with take profit at 38.46 Fundamentals:No major economic data with direct bearing on the commodity Comment: Oil is envisaged to be pressured by increasing concern of a second wave of COVID19 infections …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.12180 with take profit at 1.11964. Alternative scenario: Buy position is envisaged if price trades above 1.12702 with take profit at 1.13274. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The pair is currently trading on an upward channel on the daily chart suggesting …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 27514 with take profit at 27599. Alternative scenario: Sell is in order if price trades below 27345 with take profit at 27251 Fundamentals:1:30pm USD CPI m/m USD Core CPI m/m7:00pm USD Federal Funds Rate Comment: U.S. stock-index futures …
Intraday: Bearish Technical Analysis Preference: SELL position is envisaged if price trades above 40.16 with take profit at 39.69 Alternative scenario: BUY position is envisaged if price trades above 40.79 with take profit at 41.06 Fundamentals:ADP Non-Farm Employment Change (US) 1:15 PM Comment: Oil is on a huge uptrend in the last of weeks but technically, the resistance …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 0.68850 with take profit at 0.68647 Alternative scenario: Buy position is envisaged if price trades above 0.69235 with take profit at 0.69664. Fundamentals:No major economic data with direct bearing to this pair Comment: Technically, this pair got rejected at a psychological resistance zone twice and shows …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.11555 with take profit at 1.11750. Alternative scenario: Sell position is envisaged if price trades below 1.10937 with take profit at 1.10659 Fundamentals:No major economic data with direct bearing on the pair Comment: The Greenback is currently pressured by the seeming recovery of global economies in …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1721.50 with take profit at 1727.00. Alternative scenario: Sell position is envisaged if price trades below 1713.45 with take profit at 1702.45 Fundamentals:1:30pm USD Prelim GDP q/q Comment: Despite global optimism on economic recovery from COVID 19, Tensions between the U.S and China escalates and outweighs sentiment. This …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.09445 with take profit at 1.09251. Alternative scenario: Buy position is envisaged if price trades above 1.09687 with take profit at 1.09902. Fundamentals:8:30am EUR ECB President Lagarde Speaks Comment: The decline could be associated with the worries about the US response to China’s proposed security …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.08391 with take profit at 1.08004 Alternative scenario: Buy position is envisaged if price trades above 1.09153 with take profit at 1.09295 Fundamentals:No major economic data with direct bearing on the pair Comment: The Greenback is envisaged to surge higher against the common currencies after it was reported that Germany the Bloc’ biggest …
