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Daily Market Analysis 26/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1806.86 with take profit at 1809.16. Bearish Preference:Sell position is envisaged if price trades below 1798.57 with take profit at 1796.27. Fundamentals:USD : 3PM Richmond Manufacturing Index Comment: Gold was down on Tuesday morning in Asia. The dollar, which usually moves inversely to gold, …

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Daily Market Analysis 26/10/2021:

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 114.051 with take profit at 114.166. Bearish Preference: Sell position is envisaged if price trades below 113.851 with take profit at 113.717. Fundamentals:USD : 3PM Richmond Manufacturing Index Comment: The dollar edged higher Tuesday, rebounding from a one-month low although gains are small ahead of the …

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Daily Market Analysis 19/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.16563 with take profit at 1.16673. Bearish Preference: Sell position is envisaged if price trades below 1.16367 with take profit at 1.16233 Fundamentals:1:15pm USD FOMC Member Bowman Speaks3:00pm USD FOMC Member Waller Speaks Comment: The EUR/USD pair kicked off the new week on a softer note, …

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Daily Market Analysis 19/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1783.08 with take profit at 1784.90. Bearish Preference: Sell position is envisaged if price trades below 1776.82 with take profit at 1774.90. Fundamentals:No Major Fundamentals. Comment: Gold was up on Tuesday morning in Asia, thanks to declines in both the dollar and U.S. bond yields …

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Daily Market Analysis 12/10/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.24708 with take profit at 1.24876. Bearish Preference: A Sell position is envisaged if price trades below price 1.24375 with take profit at 1.24172. Fundamentals:3:00pm USD JOLTS Job Openings4:15pm USD FOMC Member Clarida Speaks6:01pm USD 10-y Bond Auction Comment: The USD/CAD pair spent the Asian …

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Daily Market Analysis 12/10/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36326 with take profit at 1.36421 Bearish Preference: Sell position is envisaged if price trades below 1.36046 with take profit at 1.35909 Fundamentals:3:00pm USD JOLTS Job Openings4:15pm USD FOMC Member Clarida Speaks6:01pm USD 10-y Bond Auction Comment: The dollar was little changed in early trading …

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Daily Market Analysis 12/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.15696 with take profit at 1.15776. Bearish Preference: A Sell position is envisaged if price trades below price 1.15402 with take profit at 1.15322. Fundamentals:10:00am EUR ZEW Economic Sentiment EUR German ZEW Economic Sentiment3:00pm USD JOLTS Job Openings4:15pm USD FOMC Member Clarida Speaks6:01pm USD …

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Daily Market Analysis 12/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1761.92 with take profit at 1763.95 Bearish Preference: Sell position is envisaged if price trades below 1755.98 with take profit at 1753.60  Fundamentals:3:00pm USD JOLTS Job Openings6:01pm USD 10-y Bond Auction Comment: Gold was up on Tuesday morning in Asia, after trading flat as the …

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Daily Market Analysis 05/10/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.26060 with take profit at 1.26178. Bearish Preference: A Sell position is envisaged if price trades below price 1.25756 with take profit at 1.25636. Fundamentals:3:00pm USD ISM Services PMI6:15pm USD FOMC Member Quarles Speaks Comment: The pair struggled to capitalize on its early positive move and …

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Daily Market Analysis 05/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1760.76 with take profit at 1762.30 Bearish Preference: Sell position is envisaged if price trades below 1753.22 with take profit at 1751.34 Fundamentals:3:00pm USD ISM Services PMI6:15pm USD FOMC Member Quarles Speaks Comment: Gold futures were trading lower Tuesday morning, at risk of halting a …

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