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Daily Analysis

Daily Market Analysis 29.11.2023: US100

Instrument: US100 Bullish Preference: A buy position is envisaged if the price trades above  16180.27 With take profit at 16196.95 Bearish Preference: A sell position is envisaged if the price trades below 16110.37 with Take profit at 16096.42 Fundamentals:2:30pm USD: Prelim GDP q/qUSD: Prelim GDP Price Index q/q Comment: Nasdaq 100 closed higher yesterday which was as a result of …

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Daily Market Analysis 29.11.2023: EURUSD

Instrument: EURUSD Bullish Preference: A buy position is envisaged if the price trades above 1.10088 With take profit at 1.10146 Bearish Preference: A sell position is envisaged if the price trades below 1.09556 with Take profit at 1.09490 Fundamentals:EUR ALL DAY : German Prelim CPI m/mSpanish Flash CPI y/y2:30pm USD: Prelim GDP q/qUSD: Prelim GDP Price Index q/q Comment: EUR/USD …

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Daily Market Analysis 29.11.2023: USDIDX

Instrument: USDIDX Bullish Preference: A buy position is envisaged if the price trades above 102.831 With take profit at 102.952 Bearish Preference: A sell position is envisaged if the price trades below 102.417 with Take profit at 102.282 Fundamentals:2:30pm USD Prelim GDP q/qUSD Prelim GDP Price Index q/q Comment: The U.S. dollar hit a more than three-and-a-half-month low against a basket …

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Daily Market Analysis 29.11.2023: GOLD

Instrument: GOLD Bullish Preference: A buy position is envisaged if the price trades above  2052.78 With take profit at 2057.32 Bearish Preference: A sell position is envisaged if the price trades below 2037.06 with Take profit at 2027.90 Fundamentals:2:30pm USD Prelim GDP q/qUSD Prelim GDP Price Index q/q Comment: Gold prices rose in Asian trade on Wednesday, reaching a near seven-month …

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Daily Market Analysis 28.11.2023: GBPUSD

Instrument: GBPUSD Bullish Preference: A buy position is envisaged if the price trades above 1.26343  With take profit at 1.26485 Bearish Preference: A sell position is envisaged if the price trades below 1.26210 with Take profit at 1.26041 Fundamentals:4:00pm USD Prelim UoM Consumer Sentiment Comment: The British pound consolidated its gains above the $1.26 mark, reaching its highest level since …

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Daily Market Analysis 28.11.2023: US100

Instrument: US100 Bullish Preference: A buy position is envisaged if the price trades above  16018.97  With take profit at 16039.87 Bearish Preference: A sell position is envisaged if the price trades below 15985.52 with Take profit at 15955.65 Fundamentals:4:00pm USD Prelim UoM Consumer Sentiment Comment: U.S. stock index futures were largely muted on Tuesday, as investors awaited comments from a …

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Daily Market Analysis 27.11.2023: EURUSD

Instrument: EURUSD Bullish Preference:  Buy position is envisaged if price trades above 16019.15 with take profit at 16036.89 Bearish Preference: Sell position is envisaged if price trades  below 159887.62 with take profit at 15973.39 Fundamentals:EUR-ECB President Lagarde SpeaksUSD-New Home Sales Comment: Outlook Turning Brighter for EuropeEURUSD held ground in an uneventful week, ending it as it had started, at around …

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Daily Market Analysis 27.11.2023: US100

Instrument: US100 Bullish Preference:  Buy position is envisaged if price trades above 16019.15 with take profit at 16036.89 Bearish Preference:  Sell position is envisaged if price trades  below 159887.62 with take profit at 15973.39 Fundamentals:New Home Sales Comment: Broadening of U.S. stock rally feeds investor optimismNEW YORK Signs the U.S. stock market rally is broadening from the so-called Magnificent Seven …

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USDJPY Ananlysis

Daily Market Analysis 27.11.2023: USDJPY

Instrument: USDJPY Bullish Preference:  Buy position is envisaged if price trades above 149.179 with take profit at 149.362 Bearish Preference:  Sell position is envisaged if price trades  below 148.734 with take profit at 148.581 Fundamentals:None with High Impact Comment: The dollar index moved little in Asian trade on Monday, as markets awaited key economic readings from the country this week. …

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Daily Market Analysis 27.11.2023: OIL

Instrument: OIL Bullish Preference:  Buy position is envisaged if price trades above 80.24 with take profit at 80.52 Bearish Preference: Sell position is envisaged if price trades  below 79.54 with take profit at 79.16 Fundamentals:None with High Impact Comment: Oil prices fell in Asian trade on Monday as markets remained uncertain over more production cuts by the OPEC+ after a …

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