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: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.38073 with take profit at 1.38671. Alternative scenario: Sell position is envisaged if price trades below 1.37215 with take profit at 1.36301. Fundamentals:None Comment: A retracement is expected on USDCAD as there are sentiments on a fall in oil prices due to signs Russia was planning to start …
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 1.21816 with take profit at 1.21492 Alternative scenario: Buy position is envisaged if price trades above 1.22198 with take profit at 1.22358 Fundamentals:GBP Flash Manufacturing PMI 9:30amGBP Flash Services PMI 9:30amUSD Flash manufacturing PMI 2:45pmUSD Fed. Chair Powell speaks 7:30pm Comment: The US gained very quickly late …
