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Daily Market Analysis 21.06.2023: USDIDX

Instrument: USDIDX Bullish Preference: A buy position is envisaged if the price trades above 102.227 with take profit at 102.286 Bearish Preference: A sell position is envisaged if the price trades below 102.064 with take profit at 101.972 Fundamentals:3:00pm    USD    Fed Chair Powell Testifies Comment: The dollar was firmer on Wednesday leading into Federal Reserve Chair Jerome Powell’s …

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Daily Market Analysis 21.06.2023: GBPUSD

Instrument: GBPUSD Bullish Preference: A buy position is envisaged if the price trades above 1.27883 with take profit at 1.28035 Bearish Preference: A sell position is envisaged if the price trades below 1.27060 with take profit at 1.26681 Fundamentals:3:00pm USD Fed Chair Powell Testifies  Comment: The U.S. dollar steadied in early European trade Wednesday ahead of Federal Reserve Chair Jerome …

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Daily Market Analysis 21.06.2023: AUDCAD

Instrument: AUDCAD Bullish Preference: A buy position is envisaged if the price trades above 0.89912 with take profit at 0.090211 Bearish Preference: A sell position is envisaged if the price trades below0.89427 with take profit at 0.89196 Fundamentals:1:30pm CAD Core Retail Sales m/m CAD Retail Sales m/m  Comment: The Canadian dollar rose to session highs earlier after unexpectedly strong German …

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Daily Market Analysis 20.06.2023: OIL WTI

Instrument: OIL WTI Bullish Preference: A buy position is envisaged if the price trades above 71.63 with take profit at 72.01 Bearish Preference: A sell position is envisaged if the price trades below 71.11 with take profit at  70.87 Fundamentals:No major  fundamental   Comment: Oil prices rose on Tuesday after China cut benchmark lending rates in a potential boost to growth …

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Daily Market Analysis 20.06.2023: USDCAD

USDCAD Analysis

Instrument: USDCAD Bullish Preference: A buy position is envisaged if the price trades above 1.32454 with take profit at 1.32565 Bearish Preference: A sell position is envisaged if the price trades below 1.32269 with take profit at  1.32157 Fundamentals:1:30pm USD: Building Permits Housing Starts     Comment: The USD/CAD pair is demonstrating topsy-turvy moves above the round-level support of 1.3200 in …

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Daily Market Analysis 20.06.2023: AUDCAD

Instrument: AUDCAD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 0.86024 with take profit at  0.86109 Bearish Preference: A sell position is envisaged if the price trades below 0.85849 with take profit at 0.85743 Fundamentals: 2:30 PM AUD:   Monetary Policy Meeting Minutes   Comment: Oil started off today with a buy. This strength has …

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Daily Market Analysis 20.06.2023: AUDUSD

Instrument: AUDUSD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 0.68096 with take profit at 0.68184 Bearish Preference: A sell position is envisaged if the price trades below 0.67865 with take profit at  0.67766 Fundamentals:2:30 PM Monetary Policy Meeting Minutes      Comment: The Australian Dollar has eased lower to start Monday after a stellar …

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Daily Market Analysis 19.06.2023: DE30

Instrument: DE30 Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 16142.8 with take profit at 16432.3. Bearish Preference: A sell position is envisaged if the price trades below 16368.8 with take profit at 16346.8. Fundamentals:None with High Impact   Comment: European shares fell on Monday, with Franco-German lab equipment maker Sartorius leading the declines, while …

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Daily Market Analysis 19.06.2023: USDJPY

USDJPY Ananlysis

Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 142.081 with take profit at 142.291. Bearish Preference: A sell position is envisaged if the price trades below 141.328 with take profit at 141.022. Fundamentals:None with High Impact Comment: Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as …

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