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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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Daily Market Analysis 24.01.2023: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1.09325 with take profit at 1.09512 Bearish Preference: A Sell position is envisaged if the price trades below 1.08792 with take profit at 1.08634 Fundamentals:6:45pm EUR ECB President Lagarde Speaks Comment: The euro hit its highest level against the dollar in nine months as U.S. economic …

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Daily Market Analysis 24.01.2023: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 11704.79 with take profit at 11734.44 Bearish Preference: A Sell position is envisaged if the price trades below 11642.70 with take profit at 11614.61 Fundamentals:None with high impact Comment: The tech-heavy Nasdaq 100 index has gained nearly 6.2% in 2023. Shares of some megacap companies …

Daily Market Analysis 24.01.2023: US100 Read More »

Daily Market Analysis 24.01.2023: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 11958.99 with a take profit at  11973.26 Bearish Preference: A Sell position is envisaged if the price trades below 11903.60 with take profit at 11885.62 Fundamentals:3:45 PM  USD Flash Services PMI   Comment: U.S. stocks are set for a quiet opening to the week, in …

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Daily Market Analysis 24.01.2023: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1.08966 with take profit at 1.09051 Bearish Preference: A Sell position is envisaged if the price trades below 1.08782 with take profit at  1.08703 Fundamentals:3:45 PM  USD Flash Services PMI Comment: The dollar fell to its lowest in nine months on rising expectations that the Federal …

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Daily Market Analysis 20.01.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1931.87 take profit at 1934.22 Bearish Preference: A Sell position is envisaged if the price trades below 1922.07 take profit at 1919.90 Fundamentals:All Day WEF Annual Meetings Comment: Gold prices hovered at a nine-month high on Friday after a sharp rally in the prior session, and …

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Daily Market Analysis 20.01.2023: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 11436.55 take profit at 11450.99 Bearish Preference: A Sell position is envisaged if the price trades below 11352.01 take profit at 11332.42 Fundamentals:All Day WEF Annual Meetings Comment: The dollar hovered around seven-month lows on Friday as a slew of data feeds concern among investors that …

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