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Daily Market Analysis 11/06/2021: EURJPY

Instrument: EURJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 133.416 with take profit at 133.555. Bearish Preference: Sell position is envisaged if price trades below 133.176 with take profit at 133.059. Fundamentals:9:00 am  EUR  Italian Quarterly Unemployment Rate Comment: EURJPY has started the Asian Section with a bullish movement on the D1 time frame where …

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Daily Market Analysis 09/06/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1897.03 with take profit at 1899.55. Bearish Preference: Sell position is envisaged if price trades below 1889.84 with take profit at 1886.96. Fundamentals:None with high impact on the commodity. Comment: Gold was up on Wednesday morning in Asia as investors digested mixed inflation data from …

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Daily Market Analysis 08/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above  71.21  with take profit at  71.47. Bearish Preference: Sell position is envisaged if price trades below 70.59  with take profit at   70.36. Fundamentals:No major fundamental Comment: Investor worries were heightened by trade data from China, the world’s top oil importer, released on Monday. Imports grew 51.1% …

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Daily Market Analysis 07|06|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1888.20 with take profit at  1891.49. Bearish Preference: Sell position is envisaged if price trades below 1879.31 with take profit at 1875.93. Fundamentals:No major fundamental. Comment: Gold prices pulled back slightly during Monday’s Asia-Pacific trade after rising over 1% on Friday. Market participants are assessing comments …

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Daily Market Analysis 03|06|2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1899.84 with take profit at 1902.45. Bearish Preference: Sell position is envisaged if price trades below 1891.08 with take profit at 1889.06. Fundamentals:3:00pm USD ISM Services PMI Comment: Gold was down on Thursday morning in Asia, but remained near five-year highs. investors digested China’s Caixin services economic …

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Daily Market Analysis 31|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 69.75 with a take profit at price 70.05. Bearish Preference: A Sell position is envisaged if price trades below 68.85 with take profit at  68.63 Fundamentals:No major fundamental. Comment: Crude oil prices traded slightly higher during the Asia-Pacific mid-day session after registering a 4.3% gain last …

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Daily Market Analysis 28|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1895.13 with take profit at 1897.35. Bearish Preference: Sell position is envisaged if price trades below 1884.45 with take profit at 1881.24. Fundamentals:1:30pm    USD     Core PCE Price Index m/m2:45pm    USD     Chicago PMI Comment: Gold was down on Friday morning in Asia as a …

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Daily Market Analysis 21|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1879.92 with take profit at 1883.16. Bearish Preference: Sell position is envisaged if price trades below 1861.99 with take profit at 1855.89. Fundamentals:USD 2:45 PM     Flash Manufacturing PMI Comment: Gold was down on Friday morning in Asia as an improving economic outlook broadened investors’ …

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Daily Market Analysis 20|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1875.86 with take profit at 1878.32. Bearish Preference: Sell position is envisaged if price trades below 1869.04 with take profit at 1866.05. Fundamentals:1:30 pm  USD  Philly Fed Manufacturing Index Unemployment Claims Comment: Gold was down on Thursday morning in Asia but remained just below the four-month …

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Daily Market Analysis 19|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 67.66 with take profit at 67.94. Bearish Preference: Sell position is envisaged if price trades below 66.99 with take profit at 66.69. Fundamentals:3:30 pm    USD     Crude Oil Inventories Comment: Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases …

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