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Daily Market Analysis 25|02|2021: OIL

Instrument: OIL Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below 65.94 with a take profit at 65.28. Bullish Preference: A Buy position  is envisaged if price trades above price 66.89  with take profit at price 67.77 Fundamentals:No major fundamentals  Comment: Oil is still on the rise due to the tightened global supplies .OPEC+ Oil …

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Daily Market Analysis 25|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Sell if price trades below 1.21647 with Take Profit at 1.21486. Bullish Preference: Buy if price trades below 1.21864 with Take Profit at 1.22120. Fundamentals:EUR 10;30AM  M3 Money Supply Y/YUSD  2:30PM   Prelim GDP q/q                        Unemployment claims        …

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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 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 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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Daily Market Analysis 16|02|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: A buy position  is envisaged if price trades above price 31664  with take profit at 31725 Bearish Preference: A sell position is envisaged if price trades below 31534 with a take profit at 31472 Fundamentals:5:10pm USD FOMC Member Bowman Speaks9:00pm USD FOMC Member Daly Speaks Comment: U.S. stocks has edge lower since the end of …

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Daily Market Analysis 15|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.21443 with take profit at 1.21526 Bearish Preference: A sell position is envisaged if price trades below 1.21275 with a take profit at 1.21162 Fundamentals:EUR. Eurogroup Meetings ( All Day)USD. Bank Holiday Comment: It’s a relatively busy day ahead on the EUR economic …

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Daily Market Analysis 11|02|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy is envisage if price trades above 61.34 with take profit at 61.55 Bearish Preference: Sell is envisaged if price trades below 60.80 with take profit at 60.37 Fundamentals:No fundamentals Comment: Global COVID-19 vaccine rollouts that began at the end of 2020, large stimulus packages and cuts in supply by producers have all …

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Daily Market Analysis 09|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1.20628 with take profit at 1.20338. Bullish Preference: Buy is envisaged if price trades above 1.20950 with take profit at 1.21162. Fundamentals:Tentative EUR German 10-y Bond Auction12:00pm USD NFIB Small Business IndexTentative USD Mortgage Delinquencies Comment: The market ended bullish the day before, this could be …

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