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Daily Market Analysis 05/10/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.26060 with take profit at 1.26178. Bearish Preference: A Sell position is envisaged if price trades below price 1.25756 with take profit at 1.25636. Fundamentals:3:00pm USD ISM Services PMI6:15pm USD FOMC Member Quarles Speaks Comment: The pair struggled to capitalize on its early positive move and …

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Daily Market Analysis 29/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 78.18 with take profit at 78.43 Bearish Preference: Sell position is envisaged if price trades below 77.42 with take profit at 77.14 Fundamentals:3:30pm USD Crude Oil Inventories Comment: Few could have predicted that after an already extensive bull run this year amid recovering demand, oil …

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Daily Market Analysis 21/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.89 with take profit at 75.19. Bearish Preference: Sell position is envisaged if price trades below 74.40 with take profit at 74.11. Fundamentals: No Major Fundamental. Comment: Crude prices also rebounded Tuesday, advancing after days of losses after indications that disruptions to crude output in the …

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Daily Market Analysis 17/09/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.26731 with take profit at price 1.26838. Bearish Preference: A sell position is envisaged if price trades below price 1.26468 with take profit at price 1.26382. Fundamentals: 3:00pm USD Prelim UoM Consumer Sentiment Comment: Despite the broad-based USD strength, rising crude oil prices helped the commodity-related loonie …

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Daily Market Analysis 15/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 74.92 with take profit at price 75.12. Bearish Preference: A sell position is envisaged if price trades below price 74.25 with take profit at price 74.09. Fundamentals: 3:30pm USD Crude Oil Inventories Comment: Oil prices climbed nearly $1 on Wednesday after industry data showed a larger than …

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Daily Market Analysis 07/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.81 with take profit at 73.02. Bearish Preference: Sell position is envisaged if price trades below 72.18 with take profit at 71.99. Fundamentals: No major Fundamentals Comment: Oil prices were mixed on Tuesday as some investors scooped up bargains following recent losses, while Saudi Arabia’s sharp cuts in …

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Daily Market Analysis 31/08/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above  72.42 with take profit at 72.61. Bearish Preference: Sell position is envisaged if price trades below 71.55 with take profit at 71.34. Fundamentals:No major fundamental. Comment: Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut …

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Daily Market Analysis 10/08/2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 35023 with take profit at 35055. Bearish Preference: Sell position is envisaged if price trades below 34931 with take profit at 34900. Fundamentals:No Major Fundamental Comment: The Dow jones started the week with a dip as fuel demand worries during a resurgent pandemic sent energy stocks lower but …

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Daily Market Analysis 28/07/2021:

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.19 with take profit at 74.40. Bearish Preference: Sell position is envisaged if price trades below 73.44 with take profit at 73.22. Fundamentals:3:30pm    USD Crude Oil Inventories Comment: Oil rose towards $75 a barrel on Wednesday ahead of an industry report expected to show U.S. crude …

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Daily Market Analysis 22/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 73.26 with take profit at 73.55. Bearish Preference: Sell position is envisaged if price trades below 72.47 with take profit at 72.24. Fundamentals:None with high impact. Comment: Official US crude inventories followed the API data from the day before and posted a surprise increase in …

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