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Daily Market Analysis 29|04|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy is envisage if price trades above 1.23253 with take profit at 1.23456. Bearish Preference: Sell is envisaged if price trades below 1.22771 with take profit at 1.22597. Fundamentals:USD 1:30PM Advance GDP q/q                      Advance GDP Price Index q/q          …

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Daily Market Analysis 29|04|2021: OILs

Technical Analysis Bullish Preference:  Buy is envisage if price trades above 67.41 with take profit at 67.67. Bearish Preference: Sell is envisaged if price trades below 66.79 with take profit at 66.57. Fundamentals:USD 3:30PM  Natural Gas Storage Comment: Oil was up Thursday morning in Asia as investors continue to expect fuel demand to recover by the summer, despite ever-surging numbers …

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Daily Market Analysis 29|04|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy is envisage if price trades above 108.919 with take profit at 109.014. Bearish Preference: Sell is envisaged if price trades below 108.660 with take profit at 108.500 Fundamentals:USD 1:30PM Advance GDP q/q                      Advance GDP Price Index q/q            …

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Daily Market Analysis 28|04|2021: GBPJPY

Instrument: GBPJPY Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 151.362 with take profit at 151.562. Bearish Preference: Sell position is envisaged if price trades below 150.820 with take profit at 150.620. Fundamentals:None with high impact Comment: The British pound has rallied a bit during the trading session on Tuesday but has given back some of …

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Daily Market Analysis 28|04|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13958.00 with take profit at 13973.00. Bearish Preference: Sell position is envisaged if price trades below 13915.60 with take profit at 13904.60. Fundamentals:7:00pm  USD FOMC Statement  Comment:  Corporate results for the first quarter were in the spotlight as one of the busiest weeks of the earnings …

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Daily Market Analysis 28|04|2021: OILS

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 66.23 with take profit at 66.44. Bearish Preference: Sell position is envisaged if price trades below 65.56 with take profit at 65.29. Fundamentals:3:30pm  USD Crude Oil Inventories Comment: Oil was down Wednesday morning in Asia, as investors digested an Organization of the Petroleum Exporting Countries and its …

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Daily Market Analysis 28|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38970 with take profit at 1.39091. Bearish Preference: Sell position is envisaged if price trades below 1.38523 with take profit at 1.38323. Fundamentals:7:00pm  USD FOMC Statement  Comment:  The dollar was up on Wednesday morning in Asia ahead of the U.S. Federal Reserve’s latest policy decision and …

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Daily Market Analysis 26|04|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above  64.83 with a take profit at price 65.29. Bearish Preference: A Sell position is envisaged if price trades below price 63.89 with a take profit at price 63.47. Fundamentals:No major fundamental. Comment: Crude oil prices fell slightly during Monday’s APAC session amid rising viral concerns. …

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Daily Market Analysis 26|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.39040 with take profit at price 1.39238. Bearish Preference: A sell position is envisaged if price trades below price 1.38677 with take profit at price 1.38372. Fundamentals:No major fundamental.  Comment:  The daily chart shows that the medium-term supportive GBP/USD trendline remains in place …

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