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Daily Analysis

USDCAD Analysis

Daily Market Analysis 19.04.2023: USDCAD

Instrument: USDCAD+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 1.34223 with take profit at 1.34471 Bearish Preference: A sell position is envisaged if the price trades below price 1.33804 with take profit at 1.33606 Fundamentals:No major Fundamentals Comment: The U.S. dollar stabilized in early European trade Wednesday, with traders trying to work out the …

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Daily Market Analysis 19.04.2023: OIL

Instrument: OILs+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 84.62 with take profit at  85.20 Bearish Preference: A sell position is envisaged if the price trades below price 83.68 with take profit at 83.33 Fundamentals:No major Fundamentals Comment: Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve …

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Daily Market Analysis 18.04.2023: OIL

Instrument: OILs+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 85.30 with take profit at 85.46 Bearish Preference: A sell position is envisaged if the price trades below price 84.95 with take profit at  84.81 Fundamentals:No major Fundamentals Comment: Oil prices came under pressure yesterday on the back of a stronger USD. For today, all …

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Daily Market Analysis 18.04.2023: GOLD

Instrument: GOLDs+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2002.59 with take profit at  2004.38 Bearish Preference: A sell position is envisaged if the price trades below price 1995.78 with take profit at 1994.29 Fundamentals:No major Fundamentals Comment: Gold prices closed March at $1,969/oz., up 7.2% MoM. Despite sticky inflation, a more dovish-looking Federal Reserve …

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Daily Market Analysis 17.04.2023: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2017.24 with take profit at 2020.60. Bearish Preference: A sell position is envisaged if the price trades below price 2002.90 with take profit at 1999.19. Fundamentals:1:30PM USD Empire State Manufacturing Index Comment: Gold prices steadied in early Asian trade on Monday, holding on to …

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Daily Market Analysis 17.04.2023: US100

Instrument: US100 Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 13206.91 with take profit at 13230.16. Bearish Preference: A sell position is envisaged if the price trades below price 13149.43 with take profit at 13129.12. Fundamentals:1:30PM USD Empire State Manufacturing Index Comment: U.S. stock futures were trading slightly higher during Sunday’s evening trade, after …

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Daily Market Analysis 17.04.2023: OIL

Instrument: OILs Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 86.94 with take profit at 87.31. Bearish Preference: A sell position is envisaged if the price trades below 85.93 with take profit at 85.61. Fundamentals:None with High Impact Comment: Oil prices fell slightly in early Asian trade on Monday as hawkish comments from Federal …

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Daily Market Analysis 17.04.2023: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 1.10056 with take profit at 1.10252. Bearish Preference: A sell position is envisaged if the price trades below price 1.09849 with take profit at 1.09710. Fundamentals:1:30PM USD Empire State Manufacturing Index Comment: The U.S. dollar edged higher in early European trade Monday, bouncing off …

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Daily Market Analysis 13.04.2023: EURUSD

Instrument: EURUSD+ Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.10337 with take profit at 1.10476. Bearish Preference: Sell position is envisaged if price trades below 1.09913 with take profit at 1.09827. Fundamentals:1:30pm USD Core PPI m/m             USD PPI m/m            USD Unemployment Claims Comment: Dollar edges …

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Daily Market Analysis 13.04.2023: GOLD

Instrument: GOLD+ Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 2033.28 with take profit at 2038.51. Bearish Preference: Sell position is envisaged if price trades below 2021.09 with take profit at 2015.81. Fundamentals:1:30pm USD Core PPI m/m             USD PPI m/m            USD Unemployment Claims Comment: Gold pushes …

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