Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.90 with take profit at 110.17 Bearish Preference: Sell position is envisaged if price trades below 108.91 with take profit at 108.66 Fundamentals:No Major Fundamental Comment: Crude oil prices remain in a fairly consolidative state. A bearish Evening Star candlestick pattern formed last week, offering a preliminary reversal …
Instrument: GBPUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.38264 with take profit at price 1.38414. Bearish Preference: A sell position is envisaged if price trades below price 1.37929 with take profit at price 1.37785. Fundamentals: No major fundamental. Comment: The US Dollar remains in a consolidative state against the British Pound. In the medium term, …
Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 109.995 with take profit at price 110.076. Bearish Preference: A sell position is envisaged if price trades below price 109.803 with take profit at price 109.728. Fundamentals: No major Fundamentals Comment: The dollar edged higher in early European trading Monday, but remained near a one-month low as …
