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Daily Analysis

Daily Market Analysis 24/06/2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above  33995 with take profit at 34064. Bearish Preference: Sell position is envisaged if price trades below 33876 with take profit at 33822. Fundamentals:1:30 PM USD  Final GDP q/q                       Unemployment Claims Comment: U.S. stocks are seen opening higher …

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Daily Market Analysis 24/06/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1790.52 with take profit at 1797.77. Bearish Preference: Sell position is envisaged if price trades below 1779.48 with take profit at  1775.41. Fundamentals:1:30 PM USD Final GDP q/q                       Unemployment Claims Comment: The yellow metal has since …

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Daily Market Analysis 24/06/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.95 with take profit at 75.11. Bearish Preference: Sell position is envisaged if price trades below 74.55 with take profit at 74.39. Fundamentals:3:30 PM USD Natural Gas Storage Comment: Oil was up with continuously shrinking U.S. crude and fuel supplies contributing to the brightening fuel …

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Daily Market Analysis 24/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19468 with take profit at 1.19647. Bearish Preference: Sell position is envisaged if price trades below 1.19050 with take profit at 1.18895. Fundamentals:9:00 AM  EUR German ifo Business Climate                       ECB Economic Bulletin Comment: The dollar edged marginally …

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Daily Market Analysis 23/06/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1785.90 with take profit at 1789.39. Bearish Preference: Sell position is envisaged if price trades below 1778.50 with take profit at 1775.00. Fundamentals:2:45pm   USD Flash Manufacturing PMI               USD Flash Services PMI Comment: Gold was up on Wednesday morning in Asia …

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Daily Market Analysis 23/06/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14285.46 with take profit at 14308.00. Bearish Preference: Sell position is envisaged if price trades below 14243.85 with take profit at 14219.58. Fundamentals:2:45pm   USD Flash Manufacturing PMI               USD Flash Services PMI Comment: Nasdaq 100 index hit a record high on …

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Daily Market Analysis 23/06/2021:

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19594 with take profit at 1.19789. Bearish Preference: Sell position is envisaged if price trades below 1.19087 with take profit at 1.18840. Fundamentals:8:30 am EUR German Flash Manufacturing PMI                  EUR German Flash Services PMI9:00 am EUR Flash Manufacturing …

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Daily Market Analysis 23/06/2021: OIL

Instrument: Oils Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.70 with take profit at 74.88. Bearish Preference: Sell position is envisaged if price trades below 74.30 with take profit at 74.15. Fundamentals:3:30 pm USD Crude Oil Inventories Comment: Oil was up Wednesday morning in Asia as a strong economic rebound of key consumers boosted fuel demand and …

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Daily Market Analysis 22/06/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1797.90 with take profit at 1807.41. Bearish Preference: Sell position is envisaged if price trades below 1772.40 with take profit at 1766.77. Fundamentals:7:00pm    USD    Fed Chair Powell Testifies Comment: Gold was up on Tuesday morning in Asia against the dollar’s fall below the $92 mark. Investors digested comments …

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Daily Market Analysis 22/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19025 with take profit at 1.19177. Bearish Preference: Sell position is envisaged if price trades below 1.18812 with take profit at 1.18692. Fundamentals:7:00 pm USD    Fed Chair Powell Testifies Comment: All eyes are on Fed chief Jerome Powell who appears before U.S. Congress from 1800 GMT, although …

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