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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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Daily Market Analysis 19|02|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 105.778 with take profit at 105.909 Bearish Preference: Sell position is envisaged if price trades below 105.466 with take profit at 105.332 Fundamentals:No major fundamental Comment: The U.S. dollar paused on Friday after its biggest loss in 10 days as disappointing U.S. labour market data …

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Daily Market Analysis 18|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Sell if price trades below 1.20210 with take Profit at 1.19706 Bullish Preference: Buy if price trades above 1.20569 with take Profit at 1.20789 Fundamentals:No major fundamental Comment: Strong U.S. retail sales, new signs the Federal Reserve will maintain its accommodative stance, and an ongoing push for further U.S. stimulus have bolstered economic optimism, but …

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Daily Market Analysis 18|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell if price trades below 1779.23 with take Profit at 1773.16 Bullish Preference: Buy if price trades above 1786.47 with take Profit at 1797.97 Fundamentals:No major fundamental Comment: Gold held near the lowest level in more than two months as an uptick in the dollar and further signs of economic recovery pummeled demand for …

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Daily Market Analysis 17|02|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy is envisaged if price trades above 31504 with take profit at 31550 Bearish Preference: Sell is envisaged if price trades below 31432 with take profit at 31376 Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m Comment: The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained …

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Daily Market Analysis 17|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1786.99 with take profit at 1781.88 Bullish Preference: Buy is envisaged if price trades above 1795.91 with take profit at 1800.87 Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m Comment: Gold was down on Wednesday morning in Asia, continuing its decline for a fifth consecutive …

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