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EURUSD UPTime H1Preferred ScenarioBuy the pair around 1.1845 ...
21/09/2020

EURUSD UP
Time H1
Preferred Scenario
Buy the pair around 1.1845 with a target of 1.1928

Alternative Scenario
Sell the pair around 1.1800 with a target of 1.1730

Comments
Trading above the support line and moving averages favors the rise

XAUUSD UPtime. H1Preferred ScenarioBuy gold around 192...
03/09/2020

XAUUSD UP
time. H1

Preferred Scenario
Buy gold around 1925.00 with a target price of 1974.00

Alternative Scenario
Sell gold around 1909.00 with a target of 1861.00

Comments
trading above support line favors the rise but breaching the resistance line is required to confirm the trend

EUROUSD H1Down Preferred ScenarioSell the pair around 1.1910 with a target ...
02/09/2020

EUROUSD H1
Down

Preferred Scenario
Sell the pair around 1.1910 with a target of 1.1825

Alternative Scenario
Buy the pair around 1.1955 with a target of 1.2040

Comments
Trading below moving averages favors the fall

GBPUSD H1Preferred ScenarioBuy the pair around 1.3395 with a target price of 1.3517Alternative ScenarioSell ...
01/09/2020

GBPUSD H1

Preferred Scenario
Buy the pair around 1.3395 with a target price of 1.3517

Alternative Scenario
Sell the pair around 1.3315 with a target price of 1.3118

Comments
Trading above the support line and moving averages favors the rise

01/09/2020

EUR/USD
 EUR/USD pair gained momenTum and printed a fresh daily high at 1.1966, then retreated modestly and hovering around
1.1930 with the bullish tone intact but still unable to make a run above the recent top, Short-term bullish.
 The market's mood was mixed, as market players started the day with a positive sentiment, backed by upbeat Chinese data.
Still equities traded mixed throughout the sessions.
 In the data front, Germany published August inflation, which was worse than anticipated. The annual reading came in at -
0.1%. The US on the other hand, released the Dallas Fed manufacturing business index for August, which bounced from -3 in
July to 8. Also, Fed's Vice Chair offered a speech, reiterating that negative interest rates are not in the table. This Tuesday,
markit will publish the final versions of August Manufacturing PMIs for all major economies, while the EU will unveil its
preliminary estimate of August inflation. The US will unveil the official ISM Manufacturing PMI, foreseen at 54.5 from 54.2
in the previous month.
 According to the 4 hours chart, the pair trades above 21 SMA, suggest upside potentials still possible. On upside, overtake
1.1966 and 1.1200 will resume the advance to 1.1250 level
 On downside, below 1.1880 will escalate the decline. Fail to defend 1.1850 will increase the risk for further decline to 1.1800
and 1.1740.
Resistance level: 1.1966, 1.2000 1.2050 and 1.2100.
Support level: 1.1880, 1.1850, 1.1800 and 1.1740.

28/08/2020

EUR/USD
 EUR/USD pair traded as high as 1.1901 and as low as 1.1761 but is ending the day in its comfortable range. It settled around
1.1825, short-term neutral to bullish.
 The sharp moves were triggered by US Fed Powell's words, as he presented a new framework for monetary policy in his
opening remarks. Stocks soared but trimmed part of gains ahead of the close, while Treasury yields reached fresh weekly
highs with e events. The US also reported the second estimate of its Q2 GDP revised to -31.7%, and initial jobless claims for
the week ended August 21, which resulted at 1.006 million, slightly worse than expected.
 Friday will be a quite busy day, as German will publish the GFK consumer confidence survey, while the EU will release
August consumer confidence and the Economic Sentiment Indicator. As for the US, the country will unveil spending and
income data for July and the final reading of the August Michigan Consumer Sentiment Index.
 According to the 4 hours chart, the pair trades above 21 SMA, suggest upside potentials still possible. On upside, overtake
1.1850 and 1.1900 will resume the advance to 1.1965 level
 On downside, below 1.1740 will escalate the decline. Fail to defend 1.1700 will increase the risk for further decline to 1.1650
and 1.1600.
Resistance level: 1.1850, 1.1900 1.1965 and 1.2000.
Support level: 1.1740, 1.1700, 1.1650 and 1.1600.

27/08/2020

GBP/USD
 GBP/USD pair is up for a second consecutive day, trading around the 1.3200 level by the end of the US session. It settled
around 1.3205 and short-term bullish.
 The pair surged from a daily low at 1.3116, reached after the release of encouraging US data, which anyway was not enough
to support the dollar. The advance seems linked to investor's cautious approach to the greenback ahead of Fed's Powell
speech on Thursday rather to resurgent demand for the Sterling.
 Meanwhile, EU's chief negotiator set a final date for a UK-EU trade deal. The news did not have an impact on the UK
currency, yet for sure, is a negative factor that sooner ro later will drag in. The UK's macroeconomic calendar will remain
empty on Thursday.
 According to the 4 hours chart, the pair trades above 21 DMA, shows upside potentials may continue. The downside support
around 1.3100. Fail to defend this area will trigger the sell off to 1.3040 and 1.3000 area.
 On upside, surpass 1.3230 will enhance the confidence of bulls and may resume the advance to 1.3266 and 1.3300 area.
Resistance level: 1.3230, 1.3266, 1.3300 and 1.3400.
Support level: 1.3100, 1.3040, 1.3000 and 1.2970.

27/08/2020

EUR/USD
 EUR/USD pair held within familiar levels for a third consecutive day, finishing Wednesday little changed in the 1.1820 price
zone. It settled around 1.1825, short-term neutral to bullish.
 The dollar enjoyed some temporal demand at the beginning of the US session, helped by upbeat local data. Durable Goods
Orders were up 11.2% in July, much battern then the 4.3% expected. The pair fell to 1.1771 after the headline but recovered
afterwards as the dollar was unable to retain gains.
 Investors held a cautious stance throughout the day, ahead of US Federal Powell appearance on Thursday. Market talks
suggest that he is likely to stage a new monetary policy framework based around average inflation targeting. The US will also
release the second estimate of Q2 GDP, foreseen at -32.5% from a previous estimate of -32.9%, and the usual weekly
unemployment claims, seen at 1 million for the week ended August 21.
 According to the 4 hours chart, the pair trades above 21 SMA, suggest upside potentials still possible. On upside, overtake
1.1850 and 1.1880 will resume the advance to 1.1965 level
 On downside, below 1.1740 will escalate the decline. Fail to defend 1.1700 will increase the risk for further decline to 1.1650
and 1.1600.
Resistance level: 1.1850, 1.1880 1.1965 and 1.2000.
Support level: 1.1740, 1.1700, 1.1650 and 1.1600.

26/08/2020

EUR/USD
 EUR/USD pair is ending yet another day around the 1.1800 level, as FX traders seem to lack motivation. It settled around
1.1830, short-term neutral to bullish.
 Markets were in a risk-on mood throughout the first half of the day, amid China and the US announcing good talks related to
their trade deal. The pair hit an intraday high of 1.1843, further supported by encouraging German data, as Q2 GDP was
revised to -9.7% from a previous estimate of -10.1%. The IFO business climate improved to 92.6 in August from 90.4 in July.
 The greenback recovered some ground during US trading hours as the market sentiment deteriorated following the release of
the US CB Consumer confidence, which fell in August to a new pandemic low of 84.8. Wall Street took a turn to the worse,
trimming most gains. This Wednesday, the US will publish July Durable Goods Orders, seen up 4.3%.
 According to the 4 hours chart, the pair trades above 21 SMA, suggest upside potentials still possible. On upside, overtake
1.1880 and 1.1965 will resume the advance to 1.2000 level
 On downside, below 1.1740 will escalate the decline. Fail to defend 1.1700 will increase the risk for further decline to 1.1650
and 1.1600.
Resistance level: 1.1880, 1.1965 1.2000 and 1.2050.
Support level: 1.1740, 1.1700, 1.1650 and 1.1600

AUDUSDTime H1Preferred ScenarioBuy the pair around 0.6330 with target at 0.6465 Alternative ScenarioSell the pair around...
24/04/2020

AUDUSD
Time H1

Preferred Scenario
Buy the pair around 0.6330 with target at 0.6465

Alternative Scenario
Sell the pair around 0.6270 with a target price of 0.6170

Comments
Trading above the support line favors the rise

10/01/2020

The Indian Rupee 2020 outlook is bearish as India faces stagflation risk amid rising onion and crude oil prices. USD/INR may rise in the medium-term as the RBI defers hiking rates

AUDUSD Down Time H1Preferred Scenario Sell the...
17/12/2019

AUDUSD Down
Time H1

Preferred Scenario
Sell the pair around 0.6880 with target at 0.6788

Alternative Scenario
Buy the pair around 0.6910 with a target price of 0.6962

Comments
Trading below the resistance line favors the fall

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