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Daily Analysis

Daily Market Analysis 27.02.2023: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1.19945 with take profit at 1.20082 Bearish Preference: A Sell position is envisaged if the price trades below 1.19560 with take profit at 1.19303 Fundamentals:No major fundamental Comment: The dollar last week posted its fourth consecutive week of gains and is set to end a four-month …

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Daily Market Analysis 27.02.2023: DE30

Instrument: DE30 Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 15316.7 with take profit at 15331.4 Bearish Preference: A Sell position is envisaged if the price trades below 15254.1 with take profit at 15236.9 Fundamentals:No major fundamental Comment: European stock markets are expected to open in a subdued manner Monday, as investors await regional inflation data …

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Daily Market Analysis 27.02.2023: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 82.68 with take profit at 82.86 Bearish Preference: A Sell position is envisaged if the price trades below 81.97 with take profit at 81.78 Fundamentals:No major fundamental Comment: Oil prices inched lower in volatile trade on Monday, as a stronger dollar and fears of recession risks …

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Daily Market Analysis 24.02.2023: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 12104.38 with take profit at 12121.29 Bearish Preference: A Sell position is envisaged if the price trades below 12050.42 with take profit at 12036.72 Fundamentals:2:30pm USD Core PCE Price Index m/m Comment: World shares limped toward their biggest weekly fall of the year on Friday, though …

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Daily Market Analysis 24.02.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1821.68 with take profit at 1823.89 Bearish Preference: A Sell position is envisaged if the price trades below 1815.37 with take profit at 1813.88 Fundamentals:2:30pm USD Core PCE Price Index m/m Comment: Gold prices rose slightly on Friday, but were set for a fourth consecutive week …

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Daily Market Analysis 24.02.2023: DE30

Instrument: DE30 Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 15558.3 with take profit at 15571.1 Bearish Preference: A Sell position is envisaged if the price trades below 15518.5 with take profit at 15507.8 Fundamentals:No major fundamental Comment: European stock markets traded in a mixed fashion Thursday, with investors digesting more corporate earnings and the latest …

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Daily Market Analysis 24.02.2023: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 83.03 with take profit at 83.18 Bearish Preference: A Sell position is envisaged if the price trades below 82.38 with take profit at 82.26 Fundamentals:No major fundamental Comment: Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia …

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Daily Market Analysis 21.02.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1862.56 with take profit at  1863.99 Bearish Preference: A Sell position is envisaged if the price trades below 1831.73 with take profit at 1830.22 Fundamentals: 3:45 PM        Flash Manufacturing PMI      Comment: Gold prices were pinned just above six-week lows on Tuesday, with …

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Daily Market Analysis 21.02.2023: OIL

Instrument: OIL Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 83.58 with take profit at 83.68 Bearish Preference: A Sell position is envisaged if the price trades below 83.19 with take profit at  83.10 Fundamentals:No major fundamental Comment: Oil prices fell on Tuesday, pulling back sharply from a recent recovery as markets hunkered down ahead of …

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Daily Market Analysis 17.02.2023: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 12388.23 with take profit at 12401.71 Bearish Preference: A Sell position is envisaged if the price trades below 12324.44 with take profit at 12308.27 Fundamentals:No major fundamental Comment: The dollar rose to a six-week high on Friday as strong U.S. economic data and comments from Federal …

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