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Daily Analysis

Daily Market Analysis 10.07.2023: OIL WTI

Instrument: OIL WTI Bullish Preference: A buy position is envisaged if the price trades above 73.43 with take profit at 73.69. Bearish Preference: A sell position is envisaged if the price trades below 72.85 with take profit at 72.52. Fundamentals:None with High Impact                Comment:  Oil prices dipped in Asian trade on Monday as …

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Daily Market Analysis 10.07.2023: EURJPY

Instrument: EURJPY Bullish Preference: A buy position is envisaged if the price trades above 156.087 with take profit at 156.200. Bearish Preference: A sell position is envisaged if the price trades below 155.694 with take profit at 155.542. Fundamentals:None with High Impact Comment: Exports, a key driver of the Japanese economy, marked their first year-on-year drop in 27 months amid …

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Daily Market Analysis 07.07.2023: UK100

Instrument: UK100 Bullish Preference: Buy position is envisaged if the price trades above 7258.4 with take profit at 7268.1 Bearish Preference: Sell position is envisaged if the price trades  below 7240.8 with take profit at 7230.2 Fundamentals:USD1:30 PM Average Hourly Earnings m/m                                  1:30 …

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Daily Market Analysis 07.07.2023: GBPUSD

Instrument: GBPCAD Bullish Preference: Buy position is envisaged if the price trades above 1.70682 with take profit at 1.70820. Bearish Preference: Sell position is envisaged if the price trades  below 1.70462 with take profit at 1.70351 Fundamentals:CAD1:30 PM Employment Change                              1:30 PM Unemployment Rate   …

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USDJPY Ananlysis

Daily Market Analysis 07.07.2023: USDJPY

Instrument: USDJPY Bullish Preference: Buy position is envisaged if price trades above 143.580 with take profit at 143.898. Bearish Preference: Sell position is envisaged if price trades below 143.102 with take profit at  142.833. Fundamentals:USD1:30 PM Average Hourly Earnings m/m                                  1:30 PM Non-Farm …

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USDCAD Analysis

Daily Market Analysis 07.07.2023: USDCAD

Instrument: USDCAD Bullish Preference: Buy position is envisaged if the price trades above 1.33885 with take profit at 1.34170. Bearish Preference: Sell position is envisaged if the price trades below 1.33557 with take profit at 1.33333. Fundamentals:USD1:30 PM Average Hourly Earnings m/m                                  1:30 …

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Daily Market Analysis 06.07.2023: UK100

Instrument: UK100 Bullish Preference: A buy position is envisaged if the price trades above 7413.9 with take profit at 7427.6. Bearish Preference: A sell position is envisaged if the price trades below 7352.6 with take profit at 7337.7. Fundamentals:None affecting the instrument. Comment: European stocks lower; sentiment hit by signs of global slowdown. Asia-Pacific stock markets fell on Thursday, extending …

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USDJPY Ananlysis

Daily Market Analysis 06.07.2023: USDJPY

Instrument: USDJPY Bullish Preference: A buy position is envisaged if the price trades above 144.066 with take profit at 144.191. Bearish Preference: A sell position is envisaged if the price trades below 143.542 with take profit at 143.385. Fundamentals:1:15pm USD ADP Non-Farm Employment Chang1:30pm USD Unemployment Claims3:00pm USD ISM Services PMI USD JOLTS Job Openings Comment: Asia FX sinks after hawkish …

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Daily Market Analysis 04.07.2023: GOLD

Instrument: GOLD Bullish Preference: A buy position is envisaged if the price trades above 1928.99 with take profit at 1930.74. Bearish Preference: A sell position is envisaged if the price trades below 1925.34 with take profit at 1922.65. Fundamentals:No Major Fundamental. Comment: Gold prices steadied further above key support levels on Tuesday, but the yellow metal still remained under pressure …

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USDJPY Ananlysis

Daily Market Analysis 04.07.2023: USDJPY

Instrument: USDJPY Bullish Preference: A buy position is envisaged if the price trades above 144.467 with take profit at 144.612. Bearish Preference: A sell position is envisaged if the price trades below 144.261 with take profit at 144.091. Fundamentals:No Major Fundamental. Comment: The USD/JPY pair comes under some selling pressure on Tuesday and reverses a major part of the previous …

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