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Daily Market Analysis 07|05|2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy is envisage if price trades above 1824.41 with take profit at 1828.24. Bearish Preference: Sell is envisaged if price trades below 1808.87 with take profit at 1799.09. Fundamentals:1:30 PM   USD    Average Hourly Earnings m/m                 USD    Non-Farm Employment Change            …

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Daily Market Analysis 07|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy is envisage if price trades above 1.20945 with take profit at 1.21095. Bearish Preference: Sell is envisaged if price trades below 1.20399 with take profit at 1.20249. Fundamentals:1:30 PM USD        Average Hourly Earnings m/m                  USD        Non-Farm Employment Change  …

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Daily Market Analysis 30|04|2021: OILS

Instrument: OILs Technical Analysis Bullish Preference:  A buy is envisaged if price trades above 67.15 with take profit at 67.41. Bearish Preference: A sell is envisaged if price trades below 66.23 with take profit at 65.93. Fundamentals:None with high Impact Comment: Oil futures pulled back Friday, with weakness tied to worries over the global economic outlook, but remained on track …

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Daily Market Analysis 30|04|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy is envisaged if price trades above 109.060 with take profit at 109.170. Bearish Preference: A sell is envisaged if price trades below 108.675 with take profit at 108.535. Fundamentals:None with high impact  Comment:  The dollar was up on Friday morning in Asia but was set for a fourth consecutive week of …

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Daily Market Analysis 30|04|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy is envisaged if price trades above 1.21136 with take profit at 1.21266. Bearish Preference: Sell is envisaged if price trades below 1.20963 with take profit at 1.20807. Fundamentals:9:00 AM     EUR    -German Prelim GDP q/q10:00 AM   EUR    -CPI Flash Estimate y/y                  EUR    – Core CPI Flash …

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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 12|03|2021: DE30

Instrument: DE30 Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 14601.1 with take profit at 14632.5. Bearish Preference: Sell position is envisaged if price trades below 14449.1  with take profit at 14415.2. Fundamentals:No major economic data Comment: DE30 ended bullish yesterday and has currently opened lower during the Asian time this morning due to  the mixed …

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Daily Market Analysis 12|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.247 with take profit at 109.401. Bearish Preference: Sell position is envisaged if price trades below 108.809 with take profit at 108.703. Fundamentals:No major economic data Comment: The dollar was up on Friday morning in Asia but remained near a one-week low as calmer bond …

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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 15|02|2021: DE30

Instrument: DE30 Technical Analysis Bearish Preference: A sell position is envisaged if price trades below price 14073.9 with take profit at 14046.4 Bullish Preference: A Buy position is envisaged if price trades above 14152.4 with a take profit at 14177.3 Fundamentals:No major economic event Comment: DE30 closed higher on Friday on lackluster trading ahead of the long U.S. holiday weekend. Opening …

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