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Daily Market Analysis 18|05|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 34428 with take profit at 34504. Bearish Preference:  Sell position is envisaged if price trades below 34294 with take profit at 34190. Fundamentals:No Major Fundamental  Comment: Futures contracts tied to the major U.S. stock indexes rebounded on Tuesday from modest losses in the prior session …

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Daily Market Analysis 18|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1873.99 with take profit at 1876.85. Bearish Preference: Sell position is envisaged if price trades below 1866.43 with take profit at 1863.84. Fundamentals:No Major Fundamental Comment:  Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped …

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Daily Market Analysis 13|05|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy is envisage if price trades above 1.21474 with take profit at 1.21711. Bearish Preference: Sell is envisaged if price trades below 1.21036 with take profit at 1.20858. Fundamentals:USD 1:30 PM Unemployment Claims Comment:  The dollar jumped Wednesday, riding the sharp upswing in U.S. bond yields following a red-hot inflation report for April that …

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Daily Market Analysis 12|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.21507 with take profit at 1.21687. Bearish Preference: Sell position is envisaged if price trades below 1.21203 with take profit at 1.21017. Fundamentals:1:30 pm USD CPI m/m              USD Core CPI m/m Comment: The dollar edged higher in early European trade Wednesday, …

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Daily Market Analysis 11|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13290.50  with take profit at 13315.68. Bearish Preference: Sell position is envisaged if price trades below 13127.36 with take profit at 13099.50. Fundamentals:No major fundamental.  Comment:  The stocks markets are seen flat since the start of the week and weakening at the open Tuesday, following …

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Daily Market Analysis 10|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  69.06 with a take profit at price 69.19. Bearish Preference: A Sell position is envisaged if price trades below price 68.48 with a take profit at price 68.20. Fundamentals:No major fundamental.  Comment:  Crude oil prices edged higher during the Asia-Pacific mid-day session as a …

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