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Daily Market Analysis 19/11/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 81.56 with take profit at 81.74. Bearish Preference: Sell position is envisaged if price trades below 80.57 with take profit at 80.38. Fundamentals:None with high impact on the commodity Comment: Oil prices rose on Friday, after wild swings the day before, as investor bet that potential …

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Daily Market Analysis 29/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.16793 with take profit at 1.16889. Bearish Preference: Sell position is envisaged if price trades below 1.16544 with take profit at 1.16441. Fundamentals:1:30pm USD Core PCE price    IndexUSD Chicago PMI3:00pm USD Revised UoM Consumer Sentiment Comment: The dollar hovered near its weakest level in a …

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Daily Market Analysis 18|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.42115 with take profit at 1.42262. Bearish Preference: Sell position is envisaged if price trades below 1.41517 with take profit at 1.41197. Fundamentals:3:00 pm    GBP    BOE Gov Bailey Speaks Comment: The dollar was down on Tuesday morning in Asia, also  hovering close to multi-month lows against …

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