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Daily Market Analysis 28/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 83.45 with take profit at 83.66 Bearish Preference: Sell position is envisaged if price trades below 82.91 with take profit at 82.74 Fundamentals:None with high impact on this commodity. Comment: Outbreaks of coronavirus infections in China and record deaths and the threat of lockdowns in …

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Daily Market Analysis 26/10/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.37947 with take profit at 1.38043. Bearish Preference: Sell position is envisaged if price trades below 1.37553 with take profit at 1.37438. Fundamentals:No major fundamental Comment: The dollar was up in early trading Tuesday morning in Asia, following a high reached overnight during the U.S. trading …

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Daily Market Analysis 05/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1760.76 with take profit at 1762.30 Bearish Preference: Sell position is envisaged if price trades below 1753.22 with take profit at 1751.34 Fundamentals:3:00pm USD ISM Services PMI6:15pm USD FOMC Member Quarles Speaks Comment: Gold futures were trading lower Tuesday morning, at risk of halting a …

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Daily Market Analysis 04/10/2021:

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 111.281 with take profit at 111.392 Bearish Preference: Sell position is envisaged if price trades below 111.036 with take profit at 110.941 Fundamentals:No major fundamental Comment: The dollar edged lower in early European trade Monday, but remained just below last week’s highs given the ongoing concerns over …

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Daily Market Analysis 29/09/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.35565 with take profit at 1.35689 Bearish Preference: Sell position is envisaged if price trades below 1.35127 with take profit at 1.35011 Fundamentals:4:45pm GBP BOE Gov Bailey SpeaksUSD Fed Chair Powell Speaks Comment: The dollar edged lower in early European trade Wednesday, but remained near …

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Daily Market Analysis 27/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1750.90 with take profit at 1753.77. Bearish Preference: Sell position is envisaged if price trades below 1746.48 with take profit at 1744.22. Fundamentals: No Major Fundamental Comment: Gold (XAU/USD) is struggling to extend the bounce from Friday as risk sentiment holds a positive tone into …

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Daily Market Analysis 24/09/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17388 with take profit at 1.17482. Bearish Preference: Sell position is envisaged if price trades below 1.17105 with take profit at 1.17015. Fundamentals: 3:00pm USD Fed Chair Powell Speaks Comment: The dollar hovered above a one-week low versus major peers on Friday, taking a breather after …

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Daily Market Analysis 21/09/2021:

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1775.75 with take profit at 1778.80. Bearish Preference: Sell position is envisaged if price trades below 1765.31 with take profit at 1762.58. Fundamentals: No Major Fundamental. Comment: U.S. stocks are seen opening sharply higher Tuesday, bouncing back from the previous session’s major selloff, ahead of the …

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Daily Market Analysis 21/09/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17279 with take profit at 1.17374. Bearish Preference: Sell position is envisaged if price trades below 1.17197 with take profit at 1.17076. Fundamentals: No Major Fundamentals Comment: The dollar edged lower in early European trade Tuesday, slipping from a month high, ahead of the start …

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