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Daily Market Analysis 20|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22084 with take profit at 1.22194. Bearish Preference: Sell position is envisaged if price trades below 1.21882 with take profit at 1.21796. Fundamentals:1:00pm  EUR   ECB President Lagarde Speaks 1:30pm  USD   Philly Fed Manufacturing Index Unemployment Claims Comment: U.S. stocks are seen opening sharply lower Wednesday, continuing the downward …

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Daily Market Analysis 19|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13071.57 with take profit at 13120.40. Bearish Preference: Sell position is envisaged if price trades below 12980.63 with take profit at 12943.55. Fundamentals:7:00 pm  USD FOMC Meeting Minutes  Comment: U.S. stocks are seen opening sharply lower Wednesday, continuing the downward move from the previous session, with …

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Daily Market Analysis 19|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 67.66 with take profit at 67.94. Bearish Preference: Sell position is envisaged if price trades below 66.99 with take profit at 66.69. Fundamentals:3:30 pm    USD     Crude Oil Inventories Comment: Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases …

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Daily Market Analysis 19|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22480 with take profit at 1.22649. Bearish Preference: Sell position is envisaged if price trades below 1.22143 with take profit at 1.21990. Fundamentals:7:00 pm USD FOMC Meeting Minutes  Comment: The dollar edged marginally lower in early European trade Wednesday, remaining near multi-month lows ahead of the …

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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: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.42115 with take profit at 1.42262. Bearish Preference: Sell position is envisaged if price trades below 1.41517 with take profit at 1.41197. Fundamentals:3:00 pm    GBP    BOE Gov Bailey Speaks Comment: The dollar was down on Tuesday morning in Asia, also  hovering close to multi-month lows against …

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Daily Market Analysis 17|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.21532 with take profit at price 1.21621. Bearish Preference: A sell position is envisaged if price trades below price 1.21228 with take profit at price 21121. Fundamentals:None with high impact.  Comment:  The recent rally in EUR/USD appears to have stalled ahead of the …

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Daily Market Analysis 14|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference:  Buy is envisage if price trades above 13265.38 with take profit at 13304.32. Bearish Preference: Sell is envisaged if price trades below 13142.26 with take profit at 13107.70. Fundamentals:1:30 pm     USD     Core Retail Sales m/m                  USD     Retail Sales m/m2:15 pm     …

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Daily Market Analysis 14|05|2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy is envisage if price trades above 1836.74 with take profit at 1842.72. Bearish Preference: Sell is envisaged if price trades below 1825.16 with take profit at 1820.22. Fundamentals:USD 1:30 PM   Core Retail sales                         Retail sales USD  2:15 PM Industrial Production …

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Daily Market Analysis 14|05|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference:  Buy is envisage if price trades above 109.532 with take profit at 109.634. Bearish Preference: Sell is envisaged if price trades below 109.245 with take profit at 109.128. Fundamentals:1:30 pm     USD     Core Retail Sales m/m                  USD     Retail Sales m/m2:15 pm     …

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