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Daily Market Analysis 28|01|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1832.27 with take profit at 1823.53. Bullish Preference: Buy is envisaged if price trades above 1839.95 with take profit at 1844.21. Fundamentals:Advance GDP q/q  2:30pm USD Comment: Gold has been weighed down drastically recently and this is major because of the increase in the strength of the …

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Daily Market Analysis 28|01|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Enter a Sell position if price trades below 1.20561 with take profit at 1.20180. Bullish Preference: Buy position is envisaged if price trades above 1.21048 with a take profit 1.21682. Fundamentals:Advance GDP q/q  2:30pm USD Comment: The dollar gained massive strength yesterday after the federal reserve meeting where we saw Jerome Powell stating …

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Daily Market Analysis 26|01|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1845.90 with take profit at 1834.99. Bearish Preference: Buy is envisaged if price trades above 1858.60 with take profit at 1865.55 Fundamentals:USD CB Consumer Confidence 4PM Comment: The White House says there’s an “urgency” to passing President Joe Biden’s $1.9 trillion stimulus plan. But the market remains …

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Daily Market Analysis 26|01|2021: USDJPY

Instrument: USDJPY Technical Analysis Bearish Preference: Buy position is envisaged if price trades above 103.836 with take profit at 103.975 Bullish Preference: Sell position is envisaged if price trades below 103.556 with take profit at 103.439 Fundamentals:USD CB Consumer Confidence 4PM Comment: The dollar was down on Tuesday morning in Asia, after seeing small gains earlier in the session …

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Daily Market Analysis 25|01|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1.36675 with take profit at 1.36484. Bullish Preference: Buy is envisaged if price trades above 1.37571 with take profit at 1.37891. Fundamentals:No Fundamentals Comment: The dollar did fall lower earlier today, but the expected stimulus package which is being debated by congress at the moment is …

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Daily Market Analysis 19|01|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1834.54 with take profit at 1830.80 Bullish Preference: Buy is envisaged if price trades above 1846.27 with take profit at 1851.60 Fundamentals:No Major Fundamentals Comment: Gold was up on Tuesday morning in Asia, climbing back up from the one-and-a-half-month low seen during the previous session, as hopes …

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Daily Market Analysis 15|01|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 103.952 with take profit at 104.066. Bearish Preference: Sell position is envisaged if price trades below 103.576 with take profit at 103.477 Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m Comment: The dollar was up on Friday morning in Asia, however Federal Reserve Chair …

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Daily Market Analysis 14|01|2021: US30

Instrument: GOLD Technical Analysis Bullish Preference: Buy is envisaged if price trades above 1847.77 with take profit at 1862.62. Bearish Preference: Sell is envisaged if price trades below 1827.27 with take profit at 1800.00. Fundamentals:Fed Chair Powell Speaks USD 6:30pm Comment: Gold has been seen trading and ranging around the verified support zone and the previous bearish move was after the …

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Daily Market Analysis 14|01|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 31157 with take profit at 31170. Bearish Preference: Sell position is envisaged if price trades below the 30825 with take profit at 30810. Fundamentals:2:30pm USD Import m/mUSD Unemployment Claims Comment: Equities remain supported by the prospect of more fiscal aid for the economy from the …

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Daily Market Analysis 13|01|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1875.86 with take profit at 1889.77 Bearish Preference: Enter a Sell position if price trades below 1843.81 with take profit at 1830.74 Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: Gold was up on Wednesday morning in Asia, with both the dollar and U.S. Treasury yields …

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