Analyst
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 24969 with take profit at key level 24705
Alternative scenario: Buy if price trades above 25462 with take profit at 25770
No major economic data with direct bearing to this index
Comment: This index prior to today was ranging at a strong key level, however, it broke past the support level and has been declining ever since; furthermore, the mixed sentiment in the market and the spike in new COVID cases is putting more fears into investors decisions, hence a bearish move is supported on US30.
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 132.466 with take profit at key level 131.918
Alternative scenario: Buy if price trades above 133.687 with take profit at 134.190
No major economic data with a direct bearing on this pair
Comment: This pair has been rejected constantly on a bearish trendline on the 4hr chart, price is currently consolidating around this level and given the spike in COVID cases in the UK, investors sentiments have been rather fearful of the Pounds, it is envisaged that this pair keeps trading bearish.
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