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Daily Analysis

Daily Market Analysis 03|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20608 with take profit at 1.20708. Bearish Preference: Sell position is envisaged if price trades below 1.20426 with take profit at 1.20328. Fundamentals:None with high impact  Comment:  The Euro started the day on a positive note, after German retail sales for March turned out considerably …

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Daily Market Analysis 03|05|2021: EURGBP

Instrument: EURGBP Technical Analysis Bullish Preference:  A buy position is envisaged if price trades above price 0.87011 with take profit at price 0.87089. Bearish Preference: A sell position is envisaged if price trades below price 0.86902 with take profit at price 0.86821. Fundamentals:None with high Impact Comment: Good news largely in the price for GBP with the UK’s vaccine advantage …

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Daily Market Analysis 03|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1782.11 with a take profit at price 1784.12. Bearish Preference: A Sell position is envisaged if price trades below price 1775.90 with a take profit at price 1773.80. Fundamentals:None with high impact  Comment:  The price of gold appears to have reverse course ahead of …

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Daily Market Analysis 30|04|2021: OILS

Instrument: OILs Technical Analysis Bullish Preference:  A buy is envisaged if price trades above 67.15 with take profit at 67.41. Bearish Preference: A sell is envisaged if price trades below 66.23 with take profit at 65.93. Fundamentals:None with high Impact Comment: Oil futures pulled back Friday, with weakness tied to worries over the global economic outlook, but remained on track …

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Daily Market Analysis 30|04|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy is envisaged if price trades above 109.060 with take profit at 109.170. Bearish Preference: A sell is envisaged if price trades below 108.675 with take profit at 108.535. Fundamentals:None with high impact  Comment:  The dollar was up on Friday morning in Asia but was set for a fourth consecutive week of …

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Daily Market Analysis 30|04|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy is envisaged if price trades above 1.21136 with take profit at 1.21266. Bearish Preference: Sell is envisaged if price trades below 1.20963 with take profit at 1.20807. Fundamentals:9:00 AM     EUR    -German Prelim GDP q/q10:00 AM   EUR    -CPI Flash Estimate y/y                  EUR    – Core CPI Flash …

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Daily Market Analysis 30|04|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: A buy is envisaged if price trades above 1.22988 with take profit at 1.23099. Bearish Preference: A sell is envisaged if price trades below 1.22632 with take profit at 1.22512. Fundamentals:1:30pm    CAD      GDP m/m  Comment:  The Canadian dollar surged by the most since June 2020 against its U.S. counterpart on Wednesday, April …

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Daily Market Analysis 29|04|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy is envisage if price trades above 1.23253 with take profit at 1.23456. Bearish Preference: Sell is envisaged if price trades below 1.22771 with take profit at 1.22597. Fundamentals:USD 1:30PM Advance GDP q/q                      Advance GDP Price Index q/q          …

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Daily Market Analysis 29|04|2021: OILs

Technical Analysis Bullish Preference:  Buy is envisage if price trades above 67.41 with take profit at 67.67. Bearish Preference: Sell is envisaged if price trades below 66.79 with take profit at 66.57. Fundamentals:USD 3:30PM  Natural Gas Storage Comment: Oil was up Thursday morning in Asia as investors continue to expect fuel demand to recover by the summer, despite ever-surging numbers …

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