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Daily Market Analysis 28/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18231 with take profit at 1.18356. Bearish Preference: Sell position is envisaged if price trades below 1.17953 with take profit at 1.17831. Fundamentals:7:00pm    USD FOMC Statement Comment: The dollar edged higher in early European trading Wednesday, but remained below recent highs amid caution ahead of the …

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Daily Market Analysis 27/07/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.190 with take profit at 110.324. Bearish Preference: Sell position is envisaged if price trades below 109.994 with take profit at 109.872. Fundamentals:8:30am    JPY    BOJ Gov                            Kuroda Speaks3:00pm    USD    CB Consumer        …

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Daily Market Analysis 26/07/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38094 with take profit at 1.38250. Bearish Preference: Sell position is envisaged if price trades below 1.37661 with take profit at 1.37498. Fundamentals:12:00pm GBP  MPC Member Vlieghe Speaks  Comment: The dollar edged lower in early European trading Monday, but remained at elevated levels ahead of this …

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Daily Market Analysis 26/07/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.390 with take profit at 110.511. Bearish Preference: Sell position is envisaged if price trades below 109.984 with take profit at 109.843. Fundamentals:No major fundamental. Comment: The US Dollar (via the DXY Index) has been overcoming naysayers, doubters, and even negative seasonal trends as it has …

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Daily Market Analysis 20/07/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36616 with take profit at 1.36766. Bearish Preference: Sell position is envisaged if price trades below 1.36025 with take profit at 1.35817. Fundamentals:No major fundamental. Comment: The dollar traded at multi-month highs in Europe Tuesday, continuing to benefit from its safe haven status amid concerns rising Covid-19 …

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Daily Market Analysis 19/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17979 with take profit at 1.18072. Bearish Preference: Sell position is envisaged if price trades below 1.17700 with take profit at 1.17580. Fundamentals:No major fundamental. Comment: The dollar edged higher in early European trading Monday, maintaining its recent strong tone as rising Covid-19 cases threaten to …

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Daily Market Analysis 14/07/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.543 with take profit at 110.662. Bearish Preference: Sell position is envisaged if price trades below 110.378 with take profit at 110.238. Fundamentals:1:30pm    USD    PPI m/m                USD    Core PPI m/m5:00pm    USD    Fed Chair              …

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