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dollar

Daily Market Analysis 30|04|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: A buy is envisaged if price trades above 1.22988 with take profit at 1.23099. Bearish Preference: A sell is envisaged if price trades below 1.22632 with take profit at 1.22512. Fundamentals:1:30pm    CAD      GDP m/m  Comment:  The Canadian dollar surged by the most since June 2020 against its U.S. counterpart on Wednesday, April …

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Daily Market Analysis 28|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38970 with take profit at 1.39091. Bearish Preference: Sell position is envisaged if price trades below 1.38523 with take profit at 1.38323. Fundamentals:7:00pm  USD FOMC Statement  Comment:  The dollar was up on Wednesday morning in Asia ahead of the U.S. Federal Reserve’s latest policy decision and …

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Daily Market Analysis 26|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.39040 with take profit at price 1.39238. Bearish Preference: A sell position is envisaged if price trades below price 1.38677 with take profit at price 1.38372. Fundamentals:No major fundamental.  Comment:  The daily chart shows that the medium-term supportive GBP/USD trendline remains in place …

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Daily Market Analysis 26|04|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  A buy position is envisaged if price trades above price 1.21168 with take profit at price 1.21305. Bearish Preference: A sell position is envisaged if price trades below price 1.20832 with take profit at price 1.20700. Fundamentals:EUR Zone 9AM: German ifo Business Climate Comment: EUR/USD appears to be stuck in a narrow range as …

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Daily Market Analysis 19|04|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above  1779.34 with a take profit at price 1783.50. Bearish Preference: A Sell position is envisaged if price trades below price 1767.56 with a take profit at price 1764.32. Fundamentals:No major Fundamental Comment: In recent time Gold has the potential of making a higher move due to …

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Daily Market Analysis 19|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1.38807 with a take profit at price 1.39034. Bearish Preference: A Sell position is envisaged if price trades below price 1.38246 with a take profit at price 1.38099. Fundamentals:No major fundamental.  Comment: The dollar was up on Monday morning in Asia but remained near …

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Daily Market Analysis 13|04|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18979 with take profit at 1.19093. Bearish Preference: Sell position is envisaged if price trades below 1.18851 with take profit at 1.18743. Fundamentals:1:30pm   USD   CPI m/m                  USD    Core CPI m/m  Comment:  The US Indices have thought pretty well …

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Daily Market Analysis 13|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged  if price trades above 1.37627 with take profit at 1.37739. Bearish Preference: Sell position is envisaged if price trades below 1.37312 with take profit at 1.37111. Fundamentals:1:30pm  USD    CPI m/m                  USD    Core CPI m/m Comment: The dollar edged higher in early European trading Tuesday, helped …

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