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Daily Analysis

Daily Market Analysis 31.01.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1914.86 with take profit at  1916.49 Bearish Preference: A Sell position is envisaged if the price trades below 1910.22 with take profit at 1907.95 Fundamentals:4PM USD CB Consumer Confidence  Comment: Gold prices retreated on Tuesday, coming under pressure from a stronger dollar as caution kicked in ahead of …

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Daily Market Analysis 30.01.2023: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 12172.38 with take profit at 12254.20 Bearish Preference: A Sell position is envisaged if the price trades below 12001.29 with take profit at 11932.49 Fundamentals:No major Fundamentals  Comment: Over 100 companies in the S&P 500 deliver results as the earnings season gets into full swing. Microsoft …

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Daily Market Analysis 30.01.2023: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1.23959 with take profit at 1.24076 Bearish Preference: A Sell position is envisaged if the price trades below 1.23646 with take profit at 1.23477 Fundamentals:No major Fundamentals Comment: The dollar languished near an eight-month low on Monday ahead of a slew of central bank meetings this …

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Daily Market Analysis 30.01.2023: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1.08651 with take profit at 1.08722 Bearish Preference: A Sell position is envisaged if the price trades below 1.08491 with take profit at  1.08441 Fundamentals:No major Fundamentals  Comment: The upward momentum continues to be supportive as the Euro flirts with some tough resistance against the US …

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Daily Market Analysis 30.01.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1931.03 with take profit at  1933.05 Bearish Preference: A Sell position is envisaged if the price trades below 1923.63 with take profit at 1921.88 Fundamentals:No major Fundamentals Comment: Gold prices kept to a tight range on Monday as traders hunkered down in anticipation of a Federal …

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Daily Market Analysis 27.01.2023: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1.08839 with a take profit at 1.08932 Bearish Preference: A Sell position is envisaged if the price trades below 1.08598 with take profit at 1.08518 Fundamentals:2:30pm USD Core PCE Price Index m/m Comment: The dollar sagged close to a nine-month low versus the euro, amid market …

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Daily Market Analysis 27.01.2023: DE30

Instrument: DE30 Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 15205.0 with a take profit at 15220.9 Bearish Preference: A Sell position is envisaged if the price trades below 15170.0 with take profit at 15153.4 Fundamentals:2:30pm USD Core PCE Price Index m/m  Comment: European shares held steady in early trading on Thursday, as traders look ahead …

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Daily Market Analysis 26.01.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1949.68  with a take profit at  1955.63 Bearish Preference: A Sell position is envisaged if the price trades below 1937.42  with take profit at 1932.37 Fundamentals:2:30pm USD Advance GDP q/q  Comment: Gold prices steadied near a nine-month high on Wednesday as fears of a looming recession kept safe …

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Daily Market Analysis 26.01.2023: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1.09229  with a take profit at  1.09364 Bearish Preference: A Sell position is envisaged if the price trades below 1.09015  with take profit at 1.08867 Fundamentals: 2:30pm USD Advance GDP q/q Comment: U.S. stock futures fall amid slew of fresh corporate earnings Wall Street futures were lower on Wednesday, …

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Daily Market Analysis 24.01.2023: AUDUSD

Instrument: AUDUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 0.70324 with a take profit at  0.70481 Bearish Preference: A Sell position is envisaged if the price trades below 0.70112 with take profit at 0.69935 Fundamentals:3:45 PM  USD Flash Services PMI   Comment: AUD/USD has sensed selling interest while attempting to surpass the immediate resistance of …

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