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Daily Market Analysis 08|05|2020: EURUSD

Intraday: Bullish Technical Analysis Preference: A buy if price trades above 1.08524 with take profit at 1.08817 Alternative scenario: Sell  at 1.08191 with take profit at 1.07872 Fundamentals:1:30pm US Averag HourlyEarnings m/m Non-Farm Employment Change                     Unemployment Rate Comment: The U.S. dollar weakened in early European trade Friday as the onslaught of grim economic …

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Daily Market Analysis 07|05|2020: US30

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 23709 with take profit at 23865  Alternative scenario: Sell position is envisaged  if price trades below 23626 with take profit at 23480. Fundamentals:USD  Unemployment Claims 1:30pm Comment: Fundamentally, this instrument has been trading upwards since late last night with investors preparing for the data for …

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Daily Market Analysis 05|05|2020: OIL

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 29.18 with take profit at 30.20 Alternative scenario: Sell position is envisaged if price trades below 28.30 with take profit at 26.97 Fundamentals:No major economic data expected today Comment: The uptick of Oil is due to the expected supply cut that would be implemented by OPEC …

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Daily Market Analysis 04|05|2020: EURUSD

Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.09209 with take profit at 1.08970 Alternative scenario: Buy position is envisaged if price trades above 1.09494 with take profit at 1.09649 Fundamentals:No major economic data expected today Comment: The statement by the White House pinning blame on China for the outbreak of the novel …

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Daily Market Analysis 04|05|2020: USDCAD

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.41555 with take profit at 1.41906 Alternative scenario: Sell position is envisaged if price trades below 1.41094 with take profit at 1.40676 Fundamentals:No major economic data expected today Comment: The pair has established an uptrend on the hourly chart and the continuation will be confirmed once …

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Daily Market Analysis 30|04|2020: EURUSD

Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if  price trades below 1.08551 with take profit at 1.08184 Alternative scenario: Buy position is envisaged if price trades above 1.08777 with take profit at 1.08911 Fundamentals:EUR  Main Refinancing Rate 12:45pmEUR  Monetary Policy Statement 12:45pmEUR  ECB Press Conference 1:30pmUSD  Unemployment Claims 1:30pm Comment: The EURO gains from yesterday quickly …

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Daily Market Analysis 30|04|2020: USDCAD

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.39042 with take profit at 1.39662 Alternative scenario: Sell position is envisaged  if price trades below 1.38583 with take profit at 1.38400 Fundamentals:USD  Unemployment Claims 1:30pm Comment: Technically, this pair got rejected when it tested a two week low and price momentum slowed down afterwards. Investors are …

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