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Daily Analysis

Daily Market Analysis 03/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1813.10 with take profit at 1814.82. Bearish Preference: Sell position is envisaged if price trades below 1807.26 with take profit at 1805.77. Fundamentals:No Major Fundamental Comment: Gold markets were content to watch from the sidelines overnight, with gold finishing almost unchanged at USD 1814.00 an ounce, …

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Daily Market Analysis 03/08/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.39486 with take profit at 1.39654. Bearish Preference: Sell position is envisaged if price trades below 1.39081 with take profit at 1.38900. Fundamentals:No Major Fundamental Comment: The dollar edged lower Tuesday in tight trading ranges, with traders reluctant to take strong positions ahead of the …

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Daily Market Analysis 03/08/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.227 with take profit at 109.342. Bearish Preference: Sell position is envisaged if price trades below 109.030 with take profit at 108.877. Fundamentals:No Major Fundamental Comment: The dollar was down on Tuesday morning in Asia, recording losses against the safe-haven Japanese yen. Concerns over the most recent COVID-19 …

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Daily Market Analysis 03/08/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15004.23 with take profit at 15022.81. Bearish Preference: Sell position is envisaged if price trades below 14964.77 with take profit at 14943.17. Fundamentals:No Major Fundamental Comment: Stocks in the US closed slightly lower on Monday after erasing early gains as worries about the Delta variant of the …

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Daily Market Analysis 02/08/2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 34977 with take profit at 35003. Bearish Preference: Sell position is envisaged if price trades below 34856 with take profit at 34831. Fundamentals:3:00pm    USD    ISM                                  Manufacturing PMI  Comment: U.S. stocks …

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Daily Market Analysis 02/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1811.34 with take profit at 1813.36. Bearish Preference: Sell position is envisaged if price trades below 1805.92 with take profit at 1804.03. Fundamentals:3:00pm    USD    ISM                                  Manufacturing PMI  Comment: Gold prices …

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Daily Market Analysis 02/08/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.39464 with take profit at 1.39608. Bearish Preference: Sell position is envisaged if price trades below 1.39097 with take profit at 1.38940. Fundamentals:3:00pm    USD    ISM                                  Manufacturing PMI  Comment: Cable is …

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Daily Market Analysis 02/08/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15090.10 with take profit at 15110.04. Bearish Preference: Sell position is envisaged if price trades below 15019.29 with take profit at 14993.10. Fundamentals:3:00pm    USD    ISM                                  Manufacturing PMI  Comment: Despite …

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Daily Market Analysis 30/07/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.24815 with take profit at 1.24973. Bearish Preference: Sell position is envisaged if price trades below 1.24202 with take profit at 1.24054. Fundamentals:1:30pm    CAD    GDP m/m1:30pm    USD    Core PCE                        Price Index m/m2:45pm    USD    Chicago PMI3:00pm   …

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Daily Market Analysis 30/07/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14923.33 with take profit at 14941.98. Bearish Preference: Sell position is envisaged if price trades below 14842.24 with take profit at 14824.40. Fundamentals:1:30pm    USD    Core PCE                        Price Index m/m2:45pm    USD    Chicago PMI3:00pm    USD    Revised …

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