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Daily Analysis

Daily Market Analysis 10/08/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17409 with take profit at 1.17560. Bearish Preference: Sell position is envisaged if price trades below 1.17122 with take profit at 1.16971. Fundamentals:No Major Fundamental Comment: The disappointing ZEW Survey readings from the euro area seems to be weighing on the shared currency on Tuesday. The …

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Daily Market Analysis 10/08/2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 35023 with take profit at 35055. Bearish Preference: Sell position is envisaged if price trades below 34931 with take profit at 34900. Fundamentals:No Major Fundamental Comment: The Dow jones started the week with a dip as fuel demand worries during a resurgent pandemic sent energy stocks lower but …

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Daily Market Analysis 10/08/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.25710 with take profit at 1.25880. Bearish Preference: Sell position is envisaged if price trades below 1.25522 with take profit at 1.25352. Fundamentals:No Major Fundamental Comment: Strong gains in Treasury yields and a drop in commodity prices helped buoy the greenback. U.S. Treasury yields moved higher following …

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Daily Market Analysis 06/08/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18177 with take profit at 1.18302. Bearish Preference: Sell position is envisaged if price trades below 1.17946   with take profit at 1.17807. Fundamentals:1:30pm USD    Average Hourly Earnings m/m    USD     Non-Farm Employment Change    USD    Unemployment Rate Comment: The dollar was up on Friday morning in Asia …

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