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Daily Analysis

Daily Market Analysis 17.05.2023: GOLDs+

Instrument: GOLDs+ Technical Analysis Bullish Preference: A buy position is envisaged if price trades above 1993.77 with take profit at 2002.22 Bearish Preference: A sell position is envisaged if price trades below 1982.19 with take profit at 1973.31 Fundamentals:No high-impact fundamental affecting the instrument Comment: Gold prices traded below key levels on Wednesday as uncertainty over the U.S. debt ceiling sparked …

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Daily Market Analysis 17.05.2023: EURUSD+

Instrument: EURUSD+ Technical Analysis Bullish Preference: A buy position is envisaged if price trades above 1.08768 with take profit at 1.08904 Bearish Preference: A sell position is envisaged if price trades below 1.08290 with take profit at 1.07927 Fundamentals:No high-impact fundamental affecting the instrument   Comment: The U.S. dollar traded higher in early European hours Wednesday following hawkish comments from a number …

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Daily Market Analysis 16.05.2023: GOLD+

Instrument: GOLD+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2008.55 with take profit at  2011.50 Bearish Preference: A sell position is envisaged if the price trades below 2004.88 with take profit at 2002.86 Fundamentals:1:30 PM   U.S.D  Core Retail Sales m/m   1:30 PM   U.S.D  Core Retail Sales m/m   Comment: Gold prices started the week on …

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Daily Market Analysis 16.05.2023: OIL+

Instrument: OIL+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 75.41 with take profit at 75.53 Bearish Preference: A sell position is envisaged if the price trades below 74.98 with take profit at  74.87 Fundamentals:No major Fundamentals Comment: Crude oil nudged slightly higher on Tuesday after notable gains in the North American session after it …

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Daily Market Analysis 15.05.2023: US100

Instrument: US100 Technical Analysis Bullish Preference: buy position is envisaged if price trades above 13460.49 with take profit at 13483.40 Bearish Preference: sell position is envisaged if price trades below 13410.83 with take profit at 13389.35 Fundamentals:USD Empire State Manufacturing Index 1:30 PM   Comment: U.S. stock index futures edged higher on Monday on optimism over a likely deal to …

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Daily Market Analysis 15.05.2023: OIL

Instrument: OILs Technical Analysis Bullish Preference: buy position is envisaged if price trades above 74.90 with take profit at 75.38 Bearish Preference:  sell position is envisaged if price trades below 74.14 with take profit at 73.78 Fundamentals:None with High Impact Comment: Oil prices rose slightly on Monday as bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in …

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Daily Market Analysis 12.05.2023: US100

Instrument: US100 Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 13502.23 with take profit at 13526.04. Bearish Preference: A sell position is envisaged if the price trades below price 13449.19 with take profit at 13431.50. Fundamentals:3PM USD Prelim UoM Consumer Sentiment Comment: U.S. stocks are seen opening higher Friday on growing optimism that the Federal …

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USDCAD Analysis

Daily Market Analysis 12.05.2023: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 1.35046 with take profit at 1.35277. Bearish Preference: A sell position is envisaged if the price trades below price 1.34651 with take profit at 1.34439. Fundamentals:3PM USD Prelim UoM Consumer Sentiment   Comment: The U.S. dollar was little changed on Friday but was heading …

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Daily Market Analysis 12.05.2023: OIL

Instrument: OIL Technical Analysis Bullish Preference: A buy position is envisaged if price trades above 74.92 with take profit at 75.11 Bearish Preference: A sell position is envisaged if price trades  below 74.26 with take profit at  74.05 Fundamentals:No major Fundamentals Comment: Crude oil is steady at the start of trade on Friday after retreating overnight with the US Dollar finding …

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Daily Market Analysis 12.05.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2013.17 with take profit at  2014.96. Bearish Preference: A sell position is envisaged if the price trades below 2007.70 with take profit at 2006.05. Fundamentals:3PM USD Prelim UoM Consumer Sentiment Comment:Gold prices steadied on Friday after reversing all their gains this week as …

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