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Daily Market Analysis 05|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13598.65 with take profit at 13633.55. Bearish Preference: Sell position is envisaged if price trades below 13503.00 with take profit at 13462.93. Fundamentals:No Major fundamentals  Comment:  There are worries that President Joe Biden’s $2.3 billion capital-gains tax proposal may be on the rise, particularly after …

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Daily Market Analysis 04|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1786.47 with take profit at 1789.00. Bearish Preference: Sell position is envisaged if price trades below 1781.44 with take profit at 1778.85. Fundamentals:None with high Impact Comment: Disappointing ISM manufacturing PMI on Monday, along with a temporary dip in Treasury yields below 1.6%, saw gold kick …

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Daily Market Analysis 04|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20217 with take profit at 1.20404. Bearish Preference: Sell position is envisaged if price trades below 1.19812 with take profit at 1.19608. Fundamentals:No Major fundamentals  Comment:  Confidence is growing throughout Europe over its recovery from the pandemic as the rate of vaccination in EU member …

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Daily Market Analysis 04|05|2021: OILs

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 67.83 with take profit at 68.09. Bearish Preference: Sell position is envisaged if price trades below 67.20 with take profit at 66.97. Fundamentals:None with high Impact Comment: Oil inched up early Tuesday morning in Asia as investors remained optimistic the continued economic recovery in regions such …

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Daily Market Analysis 04|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13794.68 with take profit at 13816.42. Bearish Preference: Sell position is envisaged if price trades below13707.64 with take profit at 13689.63. Fundamentals:No Major fundamentals  Comment:  Asian share markets were mostly positive Tuesday as investors looked to signs of recovery from the coronavirus pandemic as major …

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Daily Market Analysis 03|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.38808 with take profit at 1.38938. Bearish Preference: Sell position is envisaged if price trades below 1.38590 with take profit at 1.38473. Fundamentals:None with high Impact Comment: The Federal Reserve Chair Jerome Powell made his best efforts to say price rises are temporary. On the other hand, …

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Daily Market Analysis 03|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20608 with take profit at 1.20708. Bearish Preference: Sell position is envisaged if price trades below 1.20426 with take profit at 1.20328. Fundamentals:None with high impact  Comment:  The Euro started the day on a positive note, after German retail sales for March turned out considerably …

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Daily Market Analysis 03|05|2021: EURGBP

Instrument: EURGBP Technical Analysis Bullish Preference:  A buy position is envisaged if price trades above price 0.87011 with take profit at price 0.87089. Bearish Preference: A sell position is envisaged if price trades below price 0.86902 with take profit at price 0.86821. Fundamentals:None with high Impact Comment: Good news largely in the price for GBP with the UK’s vaccine advantage …

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Daily Market Analysis 03|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1782.11 with a take profit at price 1784.12. Bearish Preference: A Sell position is envisaged if price trades below price 1775.90 with a take profit at price 1773.80. Fundamentals:None with high impact  Comment:  The price of gold appears to have reverse course ahead of …

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Daily Market Analysis 30|04|2021: OILS

Instrument: OILs Technical Analysis Bullish Preference:  A buy is envisaged if price trades above 67.15 with take profit at 67.41. Bearish Preference: A sell is envisaged if price trades below 66.23 with take profit at 65.93. Fundamentals:None with high Impact Comment: Oil futures pulled back Friday, with weakness tied to worries over the global economic outlook, but remained on track …

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