Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1946.94 with take profit at 1948.38 Bearish Preference: Sell position is envisaged if price trades below 1940.27 with take profit at 1937.50 Fundamentals:No major fundamentals Comment: Gold prices (XAU/USD) rose 0.7% to ~1,945$ for the week, despite broad-based U.S. dollar gains and soaring rates. Over the five-day period, the …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1908.18 with take profit at 1912.17. Bearish Preference: Sell position is envisaged if price trades below 1897.29 with take profit at 1893.15. Fundamentals:2:30pm USD Core PCE Price Index m/m Comment: Gold had a frenetic session overnight, trading in a nearly USD 100 range, rising from USD 1910.00 …
Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.35935 with take profit at 1.36074. Bearish Preference: A Sell position is envisaged if price trades below 1.35773 with take profit at 1.35657. Fundamentals:None with high impact Comment: GBP/USD reversed direction and recovered after dropping below 1.3550 on Tuesday but has struggled to preserve its …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36199 with take profit at 1.36298. Bearish Preference: Sell position is envisaged if price trades below 1.36078 with take profit at 1.36008. Fundamentals:No major Fundamental. Comment: GBP/USD does still retain some bullish potential and support, so far, has held above the 1.3500 psychological level. The …
Instrument: GBPJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 156.458 with take profit at 156.744. Bearish Preference: Sell position is envisaged if price trades below 155.844 with take profit at 155.456. Fundamentals:No major Fundamental. Comment: First, We look at the daily chart and you can see two things: Major support and major resistance. The latter …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.14140 with take profit at 1.14377. Bearish Preference: Sell position is envisaged if price trades below 1.13848 with take profit at 1.13638. Fundamentals:No major Fundamental. Comment: European stock markets are expected to open marginally higher Tuesday, trading in a muted fashion as global investors await the release …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.35218 with take profit at 1.35402. Bearish Preference: Sell position is envisaged if price trades below 1.34875 with take profit at 1.34663. Fundamentals: No major Fundamental. Comment: GBP/USD trades around the 1.3515 level at the time of writing, coming off a half a percentage point on Friday …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 88.16 with take profit at 88.48 . Bearish Preference: Sell position is envisaged if price trades below 87.41 with take profit at 87.04. Fundamentals:4:30pm USD Crude Oil Inventories Comment: Oil rose towards $89 a barrel on Wednesday, within sight of a seven-year high, supported by tight …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.13414 with take profit at 1.13580. Bearish Preference: Sell position is envisaged if price trades below 1.13147 with take profit at 1.13014. Fundamentals:1:30pm EUR – ECB President Lagarde speaks Comment: The EUR/USD pair quickly reversed an Asian session dip to a near two-week low and shot …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36181 with take profit at 1.36357. Bearish Preference: Sell position is envisaged if price trades below 1.35943 with take profit at 1.35772. Fundamentals:2:30pm USD Philly Fed Manufacturing IndexUSD Unemployment Claims Comment: GBP/USD seems to have gone into a consolidation phase above 1.3600. However, the near-term technical …
