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Daily Analysis

Daily Market Analysis 10.11.2023: GBPCAD

Instrument: GBPCAD Bullish Preference: A buy position is envisaged if the price trades above 1.68777 with take profit at 1.68923 Bearish Preference: A sell position is envisaged if the price trades below 1.68639 with take profit at 1.68500 Fundamentals:None with Expected High Impact Comment: Monthly gross domestic product is estimated to have grown by 0.2% in SeptemberConstruction output and gootds …

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Daily Market Analysis 10.11.2023: NZDUSD

Instrument: NZDUSD Bullish Preference: A buy position is envisaged if the price trades above 0.59006 with take profit at 0.59129 Bearish Preference: A sell position is envisaged if the price trades below 0.58869 with take profit at 0.58770 Fundamentals:None with Expected High Impact Comment: The NZD/USD currency pair experienced a rebound from its weekly lows, trading higher. The rise was …

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Daily Market Analysis 09.11.2023: US100

Instrument: US100 Bullish Preference: A Buy position is envisaged if the price trades above 15408.10 with take profit at 15456.25 Bearish Preference: A Sell position is envisaged if the price trades below 15342.94 with take profit at 15310.41 Fundamentals:2:30pm USD Unemployment Claims8:00pm USD Fed Chair Powell Speaks Comment: The Invesco QQQ Trust (NASDAQ: QQQ), an Exchange-Traded Fund (ETF) launched on …

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USDJPY Ananlysis

Daily Market Analysis 09.11.2023: USDJPY

Instrument: USDJPY Bullish Preference: A buy position is envisaged if the price trades above151.177 with take profit at 151.320 Bearish Preference: A sell position is envisaged if the price trades below 150.974 with take profit at 150.759 Fundamentals:2:30pm USD Unemployment Claims8:00pm USD Fed Chair Powell Speaks Comment: Kazuo Ueda, the Governor of the Bank of Japan (BoJ), reiterated the central …

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Daily Market Analysis 09.11.2023: EURUSD

Instrument: EURUSD Bullish Preference: A buy position is envisaged if the price trades above1.07201 with take profit at 1.07369 Bearish Preference: A sell position is envisaged if the price trades below 1.06902 with take profit at 1.06754 Fundamentals:2:30pm USD Unemployment Claims8:00pm USD Fed Chair Powell Speaks Comment: Dollar steadies with Fed chief Powell set to speak againThe U.S. dollar edged …

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Daily Market Analysis 09.11.2023: GOLD

Instrument: GOLD Bullish Preference: A Buy position is envisaged if the price trades above 1950.41 with take profit at 1954.54 Bearish Preference: A Sell position is envisaged if the price trades below 1944.22 with take profit at 1939.62 Fundamentals:2:30pm USD Unemployment Claims8:00pm USD Fed Chair Powell Speaks Comment: Gold prices hit three-week low as Fed uncertainty persists.Gold prices fell to …

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Daily Market Analysis 08.11.2023: US100

Instrument: US100 Bullish Preference: A Buy position is envisaged if the price trades above 15423.29 with take profit at 15456.49 Bearish Preference: A Sell position is envisaged if the price trades below 15301.22 with take profit at 15279.34 Fundamentals:3:15pm USD Fed Chair Powell Speaks Comment: U.S. stock index futures were subdued on Wednesday as investors stuck to the sidelines ahead …

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Daily Market Analysis 08.11.2023: EURUSD

Instrument: EURUSD Bullish Preference: A buy position is envisaged if the price trades above 1.07047 with take profit at 1.07217 Bearish Preference: A sell position is envisaged if the price trades below 1.06445 with take profit at 1.06143 Fundamentals:3:15pm USD Fed Chair Powell Speaks Comment: The Euro (EUR) remains on the defensive against the US Dollar (USD), forcing EUR/USD to retreat …

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Daily Market Analysis 08.11.2023: GBPUSD

Instrument: GBPUSD Bullish Preference: A buy position is envisaged if the price trades above 1.23122 with take profit at 1.23333 Bearish Preference: A sell position is envisaged if the price trades below 1.22531 with take profit at 1.22270 Fundamentals:10:30am GBP BOE Gov Bailey Speaks3:15pm USD Fed Chair Powell Speaks Comment: UK consumer spending growth has slowed to 2.6% and 2.5% respectively …

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Daily Market Analysis 08.11.2023: USDIDX

Instrument: USDIDX Bullish Preference: A Buy position is envisaged if the price trades above 105.628 with take profit at 105.755 Bearish Preference: A Sell position is envisaged if the price trades below 105.459 with take profit at 105.377 Fundamentals:3:15pm USD Fed Chair Powell Speaks Comment: The dollar gained and world shares pared losses on Tuesday, as stocks on Wall Street …

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