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Daily Market Analysis 19/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17979 with take profit at 1.18072. Bearish Preference: Sell position is envisaged if price trades below 1.17700 with take profit at 1.17580. Fundamentals:No major fundamental. Comment: The dollar edged higher in early European trading Monday, maintaining its recent strong tone as rising Covid-19 cases threaten to …

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Daily Market Analysis 19/07/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.090 with take profit at 110.222. Bearish Preference: Sell position is envisaged if price trades below 109.681 with take profit at 109.560. Fundamentals:No major fundamental. Comment: Despite rising covid cases in Japan and globally, the government kept its economic assessment unchanged in July, which failed …

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Daily Market Analysis 16/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.64 with take profit at 73.88. Bearish Preference: Sell position is envisaged if price trades below 72.88 with take profit at 72.63. Fundamentals:None with high impact. Comment: Oil was up Friday morning in Asia, but was headed towards the biggest weekly decline since mid-March 2021. Worsening …

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