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Daily Market Analysis 11/11/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.14915 with take profit at 1.15079. Bearish Preference: Sell position is envisaged if price trades below 1.14508 with take profit at 1.14344. Fundamentals:11:00am: EU Economic Forecast Comment: U.S. consumer price index surged 6.2% on an annual basis last month, according to data released on Wednesday, climbing …

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Daily Market Analysis 31/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above  1817.04 with take profit at 1818.89. Bearish Preference: Sell position is envisaged if price trades below 1810.47 with take profit at 1809.03. Fundamentals:2:45pm USD Chicago PMI3:00pm USD CB Consumer Confidence Comment: Gold was up on Tuesday morning in Asia, with a weakening dollar giving the …

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Daily Market Analysis 17/08/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.426 with take profit at 109.592. Bearish Preference: Sell position is envisaged if price trades below 109.009 with take profit at 108.846. Fundamentals:1:30pm    USD    Core Retail                                    Sales m/m  …

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Daily Market Analysis 12/08/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15041.19 with take profit at 15047.62. Bearish Preference: Sell position is envisaged if price trades below 15006.14 with take profit at 14998.37. Fundamentals:USD 1:30PM   PPI m/m                       Core PPI m/m              …

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Daily Market Analysis 11/08/2021: OILS

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 70.40 with take profit at 70.59. Bearish Preference: Sell position is envisaged if price trades below 69.36 with take profit at 69.16. Fundamentals:3:30pm    USD Crude Oil Inventories Comment: Oil fell below $70 a barrel on Wednesday, pressured by a CNBC report that the White House will call …

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Daily Market Analysis 10/08/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17409 with take profit at 1.17560. Bearish Preference: Sell position is envisaged if price trades below 1.17122 with take profit at 1.16971. Fundamentals:No Major Fundamental Comment: The disappointing ZEW Survey readings from the euro area seems to be weighing on the shared currency on Tuesday. The …

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