Analyst
Bearish Preference: Sell position is envisaged if price trades below 30607 with take profit at 30520
Bullish Preference: Buy position is envisaged if price trades above 30715 with take profit at 30808
No major economic data with bearing on the index
Comment: The growing concern of new infections around the world is weighing heavily on the stock market despite the release of upbeat economic data from China. Data from China earlier today confirmed that the Chinese economy grew 2.3% last year with a GDP growth of 6.5% in the 4th quarter over the recordings a year earlier. The general concern about potential violence at the inauguration of Joe Biden on Wednesday is not helping the cause of the market.
Bearish Preference: Sell position is envisaged if price trades below 1.27533 with take profit at 1.27265.
Bullish Preference: Buy position is envisaged if price trades above 1.28017 with take profit at 1.28259.
No Fundamentals
Comments: The loonie has been mercurial for the unstable oil prices and recently the buck has seen a rise against the loonie and we expect prices to go higher as the 50 EMA and 200 EM seem to merge forming a golden cross, so a strong bullish move is expected.
Bearish Preference: Sell position is envisaged if price trades below 1.20364 with take profit at 1.19846
Bullish Preference: Buy position is envisaged if price trades above 1.21207 with take profit at 1.21648.
No Fundamentals
Comments: Despite the poor data on core retail sales last week, the dollar still gains strength on major currency pairs. We could attribute that to the Biden admin, promising to pass a stimulus package of 1.9 trillion dollars. This payment would provide enough macroeconomic foundation to shock the dollar slum. So a lot of investors are optimistic about the passage of this stimulus package.
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