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Daily Analysis

Daily Market Analysis 25|02|2021: OIL

Instrument: OIL Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below 65.94 with a take profit at 65.28. Bullish Preference: A Buy position  is envisaged if price trades above price 66.89  with take profit at price 67.77 Fundamentals:No major fundamentals  Comment: Oil is still on the rise due to the tightened global supplies .OPEC+ Oil …

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Daily Market Analysis 25|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Sell if price trades below 1.21647 with Take Profit at 1.21486. Bullish Preference: Buy if price trades below 1.21864 with Take Profit at 1.22120. Fundamentals:EUR 10;30AM  M3 Money Supply Y/YUSD  2:30PM   Prelim GDP q/q                        Unemployment claims        …

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Daily Market Analysis 24|02|2021: OIL

Instrument: OIL Technical Analysis Bearish Preference: Sell is envisaged if price trades below 63.52 with take profit at 62.00. Bullish Preference: Buy is envisaged if price trades above 66.20 with take profit at 67.67. Fundamentals:None with major impact Comment: Energy prices has seen a steady increase as demand for energy increased due to the lifting of the lock down in …

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Daily Market Analysis 24|02|2021: USDCAD

Instrument: USDCAD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1.25468 with take profit at 1.25020. Bullish Preference: Buy is envisaged if price trades above 1.26104 with take profit at 1.26440. Fundamentals:4:00pm USD Fed Chair Powell Testifies Comment: The Loonie has seen steady gains on the buck as the efficacy of the vaccines improves the hopes …

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Daily Market Analysis 24|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1800.99 with take profit at 1793.06. Bullish Preference: Buy is envisaged if price trades above 1816.61 with take profit at 1824.76. Fundamentals:4:00pm USD Fed Chair Powell Testifies Comment: Gold was up on Wednesday morning in Asia, close to a one-week high reached during the previous session, due …

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Daily Market Analysis 24|02|2021: US30

Instrument: US30 Technical Analysis Bearish Preference: Sell is envisage if price trades below 31327 with take profit at 31251. Bullish Preference: Buy is envisaged if price trades above 31473 with take profit at 31565. Fundamentals:4:00pm USD Fed Chair Powell Testifies Comment: Stocks managed a powerful recovery in the final hour of trade on comments made by Federal Reserve Jerome …

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Daily Market Analysis 23|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell if price trades below 1805.34 and take profit at 1804.66. Bullish Preference: Buy if price trades above 1814.57 and take profit at 1816.27. Fundamentals:4:00pm USD Fed Chair Powell Testifies Comment: During the end of January, silver was trading at roughly $25.50 per ounce. After a rapid price advance which took silver prices to …

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Daily Market Analysis 23|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Sell if price trades below 1.21442 and take profit at 1.21242 Bullish Preference: Buy if price trades above 1.21713 and take profit at 1.21814 Fundamentals:4:00pm USD Fed Chair Powell Testifies Comment: The US dollar languished near six-week lows amid doubts about a relatively faster US economic recovery and was seen as one of the …

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Daily Market Analysis 19|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1.20740 with take profit at 1.20332 Bullish Preference: Buy is envisaged if price trades above 1.21174 with take profit at 1.21393 Fundamentals:EUR    German Flash Manufacturing PMIEUR    German Flash Services PMI Comment: The recent 70-pip upward move in EUR/USD has been due to the fact that the European …

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