Analyst
Bullish Preference: Buy if price trades above 29327 with take profit at 29878.
Bearish Preference: Sell if price trades below 28675 with take profit at 28208.
No Fundamental News
Comment: As we know COVID-19 has had its fair hit on stock prices. As prices have moved mercurially as COVID-19 poised some economic uncertainty in the US markets. Yesterday the news of a vaccine to prevent COVID-19 virus sent the markets in overdrive as the vaccine exceed expectations and there was a 90% success rate. This stream of exceptional new brought the index to a new intraday high. But this morning we can the market has been on a selling binge, but over time we can see that the 50 EMA has served as a support for this instrument and the instrument touched the 50 EMA and we expect the instrument to remain bullish.
Bullish Preference: Buy position is envisaged if price trades above 1.30335 with take profit at 1.30860.
Bearish Preference: Sell position is envisaged if price trades below 1.29035 with take profit at 1.27881.
No Fundamental News
Comment: Boost in the prices of oil has seen the price of the loonie increase as yesterday's news of a vaccine for COVID-19 ailment. The ramifications of this news are that the second wave of this coronavirus would have minimal impact, economies and companies would open back up and also energy demand would increase, making an investment in crude oil very appetizing for investors and boosting the Loonie. But for today we see that this instrument sold to a key resistant level and major currency analyst doesn't see the market falling further. So the price would correct itself to the key points mentioned above.
![]()
When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.
Kobi
![]()
I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..
Ebere Uzodinma
![]()
I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...
Oluwatuyi Timileyin Samuel
![]()
THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.
Oluwaseun Kayode
![]()
I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade
Adefuwa Ayodele