Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18842 with take profit at 1.18951. Bearish Preference: Sell position is envisaged if price trades below 1.18492 with take profit at 1.18381. Fundamentals:No Major Fundamentals Comment: The USD perched up to a fresh two-month-high on the morning of NFP. But, once the details of the report were incorporated …
Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1795.41 with take profit at 1798.10. Bearish Preference: Sell position is envisaged if price trades below 1787.16 with take profit at 1784.45. Fundamentals:No major fundamental. Comment: Gold prices traded modestly higher during Monday’s APAC session, as a weaker US Dollar and lower yields bolstered the appeal of the yellow …
Instrument: EURJPY Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 132.242 with a take profit at price 132.394. Bearish Preference: A Sell position is envisaged if price trades below price 131.857 with take profit at price 131.650 Fundamentals:No major fundamental Comment: EUR/JPY prints fresh gains on Monday in the Asian trading hours. The pair …
Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above 110.982 with take profit at price 111.064. Bearish Preference: A sell position is envisaged if price trades below 110.799 with take profit at price 110.708. Fundamentals:No major fundamental. Comment: Retail trader data shows 39.00% of traders are net-long with the ratio of traders short to …
Instrument: GBPUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above 1.39442 with take profit at price 1.39589. Bearish Preference: A sell position is envisaged if price trades below 1.39016 with take profit at price 1.38878. Fundamentals:No major fundamental. Comment: Gains accumulated around the June Federal Reserve meeting dissipated over last week as the US Dollar …
Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 75.43 with a take profit at price 75.71. Bearish Preference: A Sell position is envisaged if price trades below price 74.98 with take profit at price 74.73 Fundamentals:No major fundamental Comment: Crude oil prices are trading at fresh two-and-half year highs during Monday’s APAC …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14114.86 with take profit at 14138.65. Bearish Preference: Sell position is envisaged if price trades below 13975.35 with take profit at 13948.32. Fundamentals:None with high impact on the Index. Comment: Looking to the week ahead on the DailyFX Economic Calendar, we see that the release of monthly PMI …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38530 with take profit at 1.38749. Bearish Preference: Sell position is envisaged if price trades below 1.37656 with take profit at 1.37423. Fundamentals:None with a high impact on the pair. Comment: GBP/USD experienced the worst week in about 9 months, extending June’s top. The pair also cleared …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.835 with take profit at 109.966. Bearish Preference: Sell position is envisaged if price trades below 109.582 with take profit at 109.453. Fundamentals:No major Fundamentals Comment: The US Dollar (via the DXY Index) proved feeble in the wake of the May US nonfarm payrolls report, failing to gain …
Instrument: EURJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 133.101 with take profit at 133.257. Bearish Preference: Sell position is envisaged if price trades below 132.797 with take profit at 132.668. Fundamentals:No major Fundamentals Comment: FX markets have been quiet as measures of volatility have fallen across the board, but much of the lacking price action …
