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Daily Market Analysis 26|02|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: A sell position is envisaged if price trades below 1.38222 with a take profit at 1.37647 Bullish Preference: A buy position  is envisaged if price trades above price 1.39773  with take profit at price 1.40402 Fundamentals:USD: Core PCE Price Index m/m (2:30pm)G20 Meeting (All Day)  Comment: The dollar climbed higher in early European …

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Daily Market Analysis 26|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below 1741.41 with a take profit at 1719.92. Bullish Preference: A Buy position  is envisaged if price trades above price 1780.05  with take profit at price 1793.15 Fundamentals:USD: Core PCE Price Index m/m (2:30pm)USD: Chicago PMI (3:45pm) Comment: The Precious Metal which is seen as a …

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Daily Market Analysis 26|02|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 106.252 with take profit at 106.361. Bearish Preference: Sell position is envisaged if price trades below 105.968 with take profit at 105.831. Fundamentals:USD: Core PCE Price Index m/m (2:30pm)G20 Meeting (All Day)  Comment: The dollar was up on Friday morning in Asia, holding onto gains …

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Daily Market Analysis 25|02|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below 1.41257 with a take profit at 1.41032. Bullish Preference: A Buy position  is envisaged if price trades above price 1.41621  with take profit at price 1.41828. Fundamentals:USD: FOMC Member Bostic Speaks (2:30)USD: Core Durable Goods Orders m/m (2:30) Comment: Federal Reserve FOMC members vote on …

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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: OIL

Instrument: OIL Technical Analysis Bearish Preference: Sell is envisaged if price trades below 63.52 with take profit at 62.00. Bullish Preference: Buy is envisaged if price trades above 66.20 with take profit at 67.67. Fundamentals:None with major impact Comment: Energy prices has seen a steady increase as demand for energy increased due to the lifting of the lock down in …

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Daily Market Analysis 24|02|2021: USDCAD

Instrument: USDCAD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1.25468 with take profit at 1.25020. Bullish Preference: Buy is envisaged if price trades above 1.26104 with take profit at 1.26440. Fundamentals:4:00pm USD Fed Chair Powell Testifies Comment: The Loonie has seen steady gains on the buck as the efficacy of the vaccines improves the hopes …

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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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