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Daily Analysis

Daily Market Analysis 24.08.2023: US30

Instrument: US30 Bullish Preference: A buy position is envisaged if the price trades above 34497 with take profit at 34541. Bearish Preference: A sell position is envisaged if the price trades below 34399 with take profit at 34357. Fundamentals:1:30pm  USD  Unemployment ClaimsUSD  Core Durable Goods Orders m/mUSD  Durable Goods Orders m/mUSD  All Day Jackson Hole Symposium Comment: Nvidia delivers quarterly …

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USDJPY Ananlysis

Daily Market Analysis 24.08.2023: USDJPY

Instrument: USDJPY Bullish Preference: A buy position is envisaged if the price trades above 145.958 with take profit at 146.086. Bearish Preference: A sell position is envisaged if the price trades below 145.432 with take profit at 145.286. Fundamentals:1:30pm  USD  Unemployment ClaimsUSD  Core Durable Goods Orders m/mUSD  Durable Goods Orders m/mUSD  All Day Jackson Hole Symposium Comment: The dollar retreated on Wednesday after data …

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Daily Market Analysis 24.08.2023: GBPUSD

Instrument: GBPUSD Bullish Preference: Buy position is envisaged if price trades above 1.27139 With take profit at 1.27251 Bearish Preference: Sell position is envisaged if price trades below 1.26931 with Take profit at 1.26846 Fundamentals:1:30pm  USD  Unemployment ClaimsUSD  Core Durable Goods Orders m/mUSD  Durable Goods Orders m/mUSD  All Day Jackson Hole Symposium Comment: The Bank of England is now marginally predicted to make only …

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Daily Market Analysis 24.08.2023: US100

Instrument: US100 Bullish Preference: Buy position is envisaged if price trades above 15439.53 With take profit at 15485.82. Bearish Preference: Sell position is envisaged if price trades below 15348.72 with Take profit at 15295.31 Fundamentals:1:30pm  USD  Unemployment ClaimsUSD  Core Durable Goods Orders m/mUSD  Durable Goods Orders m/mUSD  All Day Jackson Hole Symposium Comment: Nasdaq 100 index jumped in the early hours …

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Daily Market Analysis 23.08.2023: GOLD

Instrument: Gold Bullish Preference: A buy position is envisaged if the price trades above 1907.80 With Take profit at 1909.65 Bearish Preference: A sell position is envisaged if the price trades below 1898.66 with Take profit at 1897.62 Fundamentals:2:45pm USD Flash Manufacturing PMI              USD Flash Services PMI Comment: Gold price strengthens this week as the rally …

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Daily Market Analysis 23.08.2023: USDIDX

Instrument: USDIDX Bullish Preference: A buy position is envisaged if the price trades above 104.012 WithTake profit at 104.099 Bearish Preference: A sell position is envisaged if the price trades below 103.480 with Take profit at 103.412 Fundamentals:2:45pm USD Flash Manufacturing PMI              USD Flash Services PMI Comment: Most Asian currencies rose slightly on Wednesday tracking some …

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Daily Market Analysis 23.08.2023: OIL

Instrument: OIL Bullish Preference: A buy position is envisaged if the price trades above 84.66 WithTake profit at 85.28 Bearish Preference: A sell position is envisaged if the price trades below 82.93 with Take profit at 82.16 Fundamentals:Day 2 BRICS Summit Comment: Oil prices ticked up in Asian trade on Wednesday, as traders weighed weak demand indicators from top importer …

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USDCAD Analysis

Daily Market Analysis 23.08.2023: USDCAD

Instrument: USDCAD Bullish Preference: A buy position is envisaged if the price trades above 1.35733 WithTake profit at 1.36046 Bearish Preference: A sell position is envisaged if the price trades below 1.34887 with Take profit at 1.34497 Fundamentals:Day 2 BRICS Summit1:30pm CAD Core Retail Sales m/mCAD Retail Sales m/m2:45pm USD Flash Manufacturing PMIUSD Flash Services PMI3:00pm USD New Home …

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Daily Market Analysis 22.08.2023: OIL

Instrument: OIL Bullish Preference: A buy position is envisaged if the price trades above 84.74 WithTake profit at 85.02 Bearish Preference: A sell position is envisaged if the price trades below 84.11 with Take profit at 83.79 Fundamentals:No major Fundamental Comment: Oil edged lower on Tuesday as the market waited to see if Iraqi oil exports resume, which could ease …

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USDJPY Ananlysis

Daily Market Analysis 22.08.2023: USDJPY

Instrument: USDJPY Bullish Preference: A buy position is envisaged if the price trades above 146.139  With take profit at 146.339 Bearish Preference: A sell position is envisaged if the price trades below 145.667 with Take profit at 145.405 Fundamentals:No major Fundamentals Comment: Bank of Japan Governor Kazuo Ueda said that he and prime minister Fumio Kishida held talks on Tuesday …

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