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Daily Analysis

Daily Market Analysis 18|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.42115 with take profit at 1.42262. Bearish Preference: Sell position is envisaged if price trades below 1.41517 with take profit at 1.41197. Fundamentals:3:00 pm    GBP    BOE Gov Bailey Speaks Comment: The dollar was down on Tuesday morning in Asia, also  hovering close to multi-month lows against …

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Daily Market Analysis 17|05|2021: GBPJPY

Instrument: GBPJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 153.942 with take profit at price 154.044. Bearish Preference: A sell position is envisaged if price trades below price 153.793 with take profit at price 153.690. Fundamentals:No major fundamental. Comment: Fresh yearly highs emerged last week, and it appears that some basing may be …

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Daily Market Analysis 17|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 69.08 with a take profit at price 69.43. Bearish Preference: A Sell position is envisaged if price trades below price 68.19 with a take profit at price 67.87. Fundamentals:No major fundamental. Comment: Crude oil prices were muted during the Asia-Pacific mid-day session after surging 2.6% …

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Daily Market Analysis 17|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.21532 with take profit at price 1.21621. Bearish Preference: A sell position is envisaged if price trades below price 1.21228 with take profit at price 21121. Fundamentals:None with high impact.  Comment:  The recent rally in EUR/USD appears to have stalled ahead of the …

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Daily Market Analysis 14|05|2021: EURGBP

Instrument: EURGBP Technical Analysis Bullish Preference: Buy is envisage if price trades above 0.86353 with take profit at 0.86470. Bearish Preference: Sell is envisaged if price trades below 0.86007 with take profit at 0.85895. Fundamentals:None with high impact.  Comment:  The EUR/GBP cross edged lower through the first half of the European session and dropped to fresh one-month-lows, around the …

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Daily Market Analysis 13|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy is envisage if price trades above 68.60 with take profit at 68.76. Bearish Preference: Sell is envisaged if price trades below 68.06 with take profit at 67.88. Fundamentals:None with high impact Comment: The demand for crude is outpacing supply, the International Energy Agency (IEA) said in its monthly report released on Wednesday. The …

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