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Daily Analysis

Daily Market Analysis 04.09.2023: AUDUSD

Instrument: AUDUSD Bullish Preference: A buy position is envisaged if the price trades above 0.64698 with take profit at 0.64779. Bearish Preference: A sell position is envisaged if the price trades below 0.64542 with take profit at 0.64416. Fundamentals:No major Fundamental               Comment: Most Asian currencies kept to a tight range on Monday, while the dollar fell …

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Daily Market Analysis 04.09.2023: EURUSD

Instrument: EURUSD Bullish Preference: Buy position is envisaged if price trades above 1.08127 with take profit at 1.08265. Bearish Preference: Sell position is envisaged if price trades below 1.07915 with take profit at 1.07787. Fundamentals:No major fundamental                            Comment: The dollar edged lower on Monday, with U.S. markets closed for …

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Daily Market Analysis 04.09.2023: GOLD

Instrument: GOLD Bullish Preference: A buy position is envisaged if the price trades above 1947.08 with take profit at 1949.49. Bearish Preference: A sell position is envisaged if the price trades below 1938.54 with take profit at 1936.26. Fundamentals:No major Fundamental               Comment: Gold prices rose slightly on Monday, extending gains from the prior session …

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USDJPY Ananlysis

Daily Market Analysis 04.09.2023: USDJPY

Instrument: USDJPY Bullish Preference: Buy position is envisaged if price trades above 146.603 with take profit at 146.771. Bearish Preference: Sell position is envisaged if price trades below 146.200 with take profit at 146.065. Fundamentals:No major fundamental                            Comment: The retreat in US Treasury yields amid a scaling …

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USDJPY Ananlysis

Daily Market Analysis 01.09.2023: USDJPY

Instrument: USDJPY Bullish Preference: Buy position is envisaged if price trades above 145.535 with take profit at 145.716. Bearish Preference: Sell position is envisaged if price trades below 145.189 with take profit at 144.982. Fundamentals:USD1:30 PMAverage Hourly Earnings m/m            Non-Farm Employment Change           Unemployment Rate              …

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Daily Market Analysis 01.09.2023: EURUSD

Instrument: EURUSD Bullish Preference: A Buy position is envisaged if the price trades above 1.08630 with take profit at 1.08767 Bearish Preference: A Sell position is envisaged if the price trades below 1.08424 with take profit at 1.08320 Fundamentals:USD1:30 PMAverage Hourly Earnings m/m            Non-Farm Employment Change           Unemployment Rate                           3:00PM ISM Manufacturing PMI                Comment: The euro …

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Daily Market Analysis 31-08-2023: USDIDX

Instrument: USDIDX Bullish Preference: A buy position is envisaged if the price trades above 103.310 with take profit at 103.426. Bearish Preference: A sell position is envisaged if the price trades below 103.065 with take profit at 102.958. Fundamentals:1:30pmUSD Core PCE Price Index m/mUSD Unemployment Claims                Comment: The dollar steadied in Asian trade …

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US500 Analysis

Daily Market Analysis 31-08-2023: US500

Instrument: US500 Bullish Preference: A buy position is envisaged if the price trades above 4536.7 with take profit at 4547.3. Bearish Preference: A sell position is envisaged if the price trades below 4521.6 with take profit at 4515.2. Fundamentals:1:30pmUSD Core PCE Price Index m/mUSD Unemployment Claims                Comment: U.S. stocks ended higher and the …

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Daily Market Analysis 29.08.2023: OIL

Instrument: OIL Bullish Preference: A buy position is envisaged if the price trades above 84.71 with take profit at 84.94 Bearish Preference: A sell position is envisaged if the price trades below 84.36 with take profit at 84.20 Fundamentals:No Major Fundamental              Comment: Oil prices crept up on Tuesday as supply concerns from a hurricane …

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Daily Market Analysis 29.08.2023: EURUSD

Instrument: EURUSD Bullish Preference: A buy position is envisaged if the price trades above 1.08122 with take profit at 1.08284 Bearish Preference: A sell position is envisaged if the price trades below 1.07955 with take profit at 1.07755 Fundamentals:2:00 PM USD S&P/CS Composite-20 HPI y/y  3:00 PM CB Consumer Confidence3:00 PM   OLTS Job Openings             …

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