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Daily Market Analysis 02|06|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 109.807 with take profit at price 109.907. Bearish Preference: A sell position is envisaged if price trades below price  109.589  with take profit at price 109.494. Fundamentals:No Major Fundamentals Comment: The dollar edged higher in early European trade Wednesday, climbing from a near five-month …

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Daily Market Analysis 02|06|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 70.86  with a take profit at price 71.21. Bearish Preference: A Sell position is envisaged if price trades below 69.86 with take profit at price 69.51. Fundamentals:No Major Fundamentals Comment: Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring …

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Daily Market Analysis 01|06|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 13778.40 with a take profit at price 13811.33. Bearish Preference: A Sell position is envisaged if price trades below 13699.40 with take profit at price 13666.65. Fundamentals:3:00pm    USD    ISM Manufacturing PMI Comment: Traders are returning from Memorial Day with renewed optimism as stock index futures point higher …

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Daily Market Analysis 01|06|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.22297 with take profit at price 1.22440. Bearish Preference: A sell position is envisaged if price trades below price  1.22009  with take profit at price 1.21870. Fundamentals:3:00pm    USD    ISM Manufacturing PMI Comment: The dollar weakened in early European trade Tuesday, slipping to multi-month lows …

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Daily Market Analysis 01|06|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1.42442 with a take profit at price 1.42642. Bearish Preference: A Sell position is envisaged if price trades below 1.41602 with take profit at price 1.41412. Fundamentals:3:00pm    USD    ISM Manufacturing PMI4:00pm    GBP    BOE Gov Bailey Speaks Comment: The dollar weakened in early European trade Tuesday, slipping to …

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Daily Market Analysis 31|05|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 109.789 with take profit at price 109.860. Bearish Preference: A sell position is envisaged if price trades below price 109.573  with take profit at price 109.481. Fundamentals:No major fundamental. Comment: The dollar inched down, but traded near a two-month high against the yen, …

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Daily Market Analysis 31|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.22113 with a take profit at price 1.22188. Bearish Preference: A Sell position is envisaged if price trades below 1.21809 with take profit at price 1.21944. Fundamentals:No major fundamental. Comment: Crude oil prices traded slightly higher during the Asia-Pacific mid-day session after registering a 4.3% gain last …

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Daily Market Analysis 31|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 69.75 with a take profit at price 70.05. Bearish Preference: A Sell position is envisaged if price trades below 68.85 with take profit at  68.63 Fundamentals:No major fundamental. Comment: Crude oil prices traded slightly higher during the Asia-Pacific mid-day session after registering a 4.3% gain last …

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Daily Market Analysis 31|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 13732.21 with take profit at 13753.94. Bearish Preference: A sell position is envisaged if price trades below price 13652.56 with take profit at price 13618.58. Fundamentals:No major fundamental. Comment: US1OO Market were rather uneventful last week with volatility cooling off as we head into …

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