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Daily Market Analysis 29|07|2020: US30

Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 26358 with take profit at 26427. Alternative scenario: Sell position is envisaged if price trades below 26271 with take profit at 26196. Fundamentals:7:00pm USD FOMC Statement Federal Funds Rate Comment: The US seems to be in a race to complete details of a $1 …

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Daily Market Analysis 28|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17225 with take profit at key level 1.17616. Alternative scenario: Sell if price trades below 1.16784 with take profit at 1.16393. Fundamentals:No Fundamentals. Comment: The division in the US senate on what should be included in the Latest COVID -19 stimulus package has created …

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Daily Market Analysis 27|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.17356 with take profit at 1.18290. Alternative scenario: Sell position is envisaged if price trades below 1.16712 with take profit at 1.15987. Fundamentals:Core Durable Goods Orders m/m  (USD) 1:30 PMDurable Goods Orders m/m  (USD) 1:30 PM Comment: The pair crossed the  1.17 price mark …

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Daily Market Analysis 24|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.27250 with take profit at 1.27665 Alternative scenario: Sell position is envisaged if price trades below 1.27104 with take profit at 1.26950 Fundamentals:2:45PM USD Flash Manufacturing PMI  Comment: China ordered the United States to close its consulate in the city of Chengdu on Friday, …

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Daily Market Analysis 23|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.27587 with take profit at 1.27927. Alternative scenario: Sell position is envisaged if price trades below 1.27163 with take profit at key level 1.26742. Fundamentals:No major economic data with direct bearing to this pair. Comment: The strength of the pounds sterling came as a …

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Daily Market Analysis 22|07|2020: US30

Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 26801 with take profit at 26886. Alternative scenario: Sell position is envisaged if price trades below 26651 with take profit at 26540. Fundamentals:No major economic data with direct bearing on the commodity. Comment: Bullish trend of US30 is expected to continue after price bounced …

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Daily Market Analysis 21|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.27199 with take profit at key level 1.27849. Alternative scenario: Sell if price trades below 1.26698 with take profit at 1.26148. Fundamentals:No Fundamentals. Comment: The EU passed a post pandemic stimulus plan for their corona-virus-hit economies on Tuesday after a fractious summit that lasted …

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Daily Market Analysis 21|07|2020: EURUSD

Instrument: EURUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.14944 with take profit at key level 1.15376. Alternative scenario: Sell if price trades below 1.14511 with take profit at 1.13908. Fundamentals:No Fundamentals. Comment: The EU passed a post pandemic stimulus plan for their corona-virus-hit economies on Tuesday after a fractious summit that lasted …

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