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Daily Market Analysis 17|02|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy is envisaged if price trades above 31504 with take profit at 31550 Bearish Preference: Sell is envisaged if price trades below 31432 with take profit at 31376 Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m Comment: The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained …

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Daily Market Analysis 17|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1786.99 with take profit at 1781.88 Bullish Preference: Buy is envisaged if price trades above 1795.91 with take profit at 1800.87 Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m Comment: Gold was down on Wednesday morning in Asia, continuing its decline for a fifth consecutive …

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Daily Market Analysis 16|02|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: A buy position  is envisaged if price trades above price 31664  with take profit at 31725 Bearish Preference: A sell position is envisaged if price trades below 31534 with a take profit at 31472 Fundamentals:5:10pm USD FOMC Member Bowman Speaks9:00pm USD FOMC Member Daly Speaks Comment: U.S. stocks has edge lower since the end of …

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Daily Market Analysis 16|02|2021: USDJPY

Instrument: USDJPY Technical Analysis Bearish Preference: A sell position is envisaged if price trades below 105.379 with a take profit at 105.206 Bullish Preference: A buy position is envisaged if price trades above price 105.578 with take profit at 105.731 Fundamentals:5:30am JPY Tertiary Industry Activity m/m5:10pm USD FOMC Member Bowman Speaks9:00pm USD FOMC Member Daly Speaks Comment: The USD/JPY …

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Daily Market Analysis 15|02|2021: DE30

Instrument: DE30 Technical Analysis Bearish Preference: A sell position is envisaged if price trades below price 14073.9 with take profit at 14046.4 Bullish Preference: A Buy position is envisaged if price trades above 14152.4 with a take profit at 14177.3 Fundamentals:No major economic event Comment: DE30 closed higher on Friday on lackluster trading ahead of the long U.S. holiday weekend. Opening …

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Daily Market Analysis 15|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.21443 with take profit at 1.21526 Bearish Preference: A sell position is envisaged if price trades below 1.21275 with a take profit at 1.21162 Fundamentals:EUR. Eurogroup Meetings ( All Day)USD. Bank Holiday Comment: It’s a relatively busy day ahead on the EUR economic …

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Daily Market Analysis 11|02|2021: USDCAD

Instrument: USDCAD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1.26669 with take profit at 1.26399 Bullish Preference: Buy is envisaged if price trades above 1.26964 with take profit at 1.27082 Fundamentals:2:30pm USD Unemployment Claims Comment: The monthly report published by the US Bureau of Labor Statistics showed on Wednesday that the Core Consumer Price Index (CPI) …

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Daily Market Analysis 10|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1838.06 with take profit at 1832.48 Bullish Preference: Buy is envisaged if price trades above 1847.30 with take profit at 1851.12. Fundamentals:2:30pm USD CPI m/m Comment: Gold was up on Wednesday morning in Asia, with a weak dollar and growing expectation of further U.S. stimulus measures continuing …

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