Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.65679 with take profit at 0.65970 Alternative scenario: Sell position is envisaged if price trades below 0.65100 with take profit at 0.64694 Fundamentals:1:30pm USD Advance GDP q/q7:00pm USD FOMC Statement Comment: The upbeat market mood remained well supported by the slowing spread of the coronavirus, …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price go below 22.05 with TP at 20.26 Alternative scenario: Buy position is envisaged if price goes above 23.60 TP at 25.09. Fundamentals:No major economic data expected today Comment: Oil has seen steady decline in price as investors, look forward to the anticipated crude oil inventories coming out on …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 1.42092 with take profit at 1.42645 Alternative scenario: Sell position is envisaged if price trades below 1.41458 with take profit at 1.41082 Fundamentals:No fundamentals Comment: For now, the main driver of the current USD/CAD upside is the downside move on the oil price front …
Intraday: Bearish Technical Analysis Preference: A Sell position is envisaged if price trades below 24.19 with take profit at 23.3.0 Alternative scenario: Buy position is envisaged if price trades above 25.81 with take profit at 26.47 Fundamentals:No major economic data expected today Comment: The commodity has been on a downward spiral. This because the pandemic and destabilized the economy …
Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 26.82 with take profit at 26.50 * Alternative scenario: Buy position is envisaged if price trades above 27.58 with take profit at 28.45 * Fundamentals:No major economic data expected today Comment: The sentiment on black gold is still bearish as supply far outweigh …
Intraday: Bearish * Technical Analysis * Preference: A sell is in order if price trades below 28.00 with take profit at 27.50 * Alternative scenario: Buy once price trades above 28.75 with take profit 29.22 * Fundamentals:None Comment: Oil has dropped in recent weeks but a recovery from this current slump is not evident given that Brent crude rose …
Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 31.76 with take profit at 30.74 * Alternative scenario: A Buy position is envisaged if price trades above 32.34 with take profit at 33.08 * Fundamentals:No major economic data with direct bearing on the currency pair Comment: OPEC agreed over Easter to cut …
