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Daily Market Analysis 25.10.2022: OIL

Instrument: OILS+ Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 91.18 with take profit at 91.45 Bearish Preference: Sell position is envisaged if price trades below 90.57 with take profit at 90.27 Fundamentals:No major fundamental Comment: Oil prices rose on Tuesday as the U.S. dollar eased against major peers but gains were limited by worries of slowing global …

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Daily Market Analysis 28.06.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1829.91 with take profit at  1831.67 Bearish Preference: Sell position is envisaged if price trades  below 1824.09 with take profit at 1822.33 Fundamentals:3:00PM      US DOLLARS: CB Consumer Confidence   Comment: Gold prices have edged lower in recent days, descending towards symmetrical triangle support in place since the …

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Daily Market Analysis 26.04.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1902.75 with take profit at 1906.65 Bearish Preference: Sell position is envisaged if price trades below 1895.41 with take profit at 1892.60 Fundamentals:No major Fundamental. Comment: Gold prices have went from feast to famine in a week. Just last Monday buyers were in-charge in a big way, …

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Daily Market Analysis 22.02.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1897.66 with take profit at 1903.35 . Bearish Preference: A Sell position is envisaged if price trades below 1887.13 with take profit at 1881.92 . Fundamentals:3:45pm USD Flash Manufacturing PMIUSD Flash Services PMI4:00pm USD CB Consumer Confidence Comment: GOLD has bounced due to risk off …

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Daily Market Analysis 21.02.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36199 with take profit at 1.36298. Bearish Preference: Sell position is envisaged if price trades below 1.36078 with take profit at 1.36008. Fundamentals:No major Fundamental. Comment: GBP/USD does still retain some bullish potential and support, so far, has held above the 1.3500 psychological level. The …

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Daily Market Analysis 01.02.2022: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.27050 with take profit at 1.277240. Bearish Preference: Sell position is envisaged if price trades below 1.26863 with take profit at 1.26705. Fundamentals:2:30pm CAD GDP m/m4:00pm USD ISM Manufacturing PMI      USD JOLTS Job Openings Comment: USD/CAD is under pressure at the start of …

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Daily Market Analysis 28.01.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.34356 with take profit at 1.34641. Bearish Preference: Sell position is envisaged if price trades below 1.33464 with take profit at 1.33179. Fundamentals:USD: 2:30PM Core PCE Price Index m/m4PM Revised UoM Consumer Sentiment Comment: GBP/USD suffered heavy losses on Thursday. The 1.3300 level is seen as the …

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Daily Market Analysis 28/12/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 16625.11 with take profit at 16677.47. Bearish Preference: Sell position is envisaged if price trades below 16513.45 with take profit at 16451.94. Fundamentals:No Major Fundamental Comment: As the worst fears of the impact of the new variant have subsided, investors have been returning to risk assets. …

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Daily Market Analysis 02/11/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36692 with take profit at 1.36878 Bearish Preference: Sell position is envisaged if price trades below 1.36192 with take profit at 1.35912 Fundamentals:No major fundamental Comment: The currency pair has failed to capitalize on the modest bearish pressure surrounding the dollar at the start of …

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Daily Market Analysis 08/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1760.92 with take profit at 1763.18 Bearish Preference: Sell position is envisaged if price trades below 1751.54 with take profit at 1749.31 Fundamentals:1:30pm USD Average Hourly Earnings m/mUSD  Non-Farm Employment ChangeUSD Unemployment Rate Comment: The dollar edged higher Friday ahead of the release of the highly-anticipated …

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