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Daily Market Analysis 17.05.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.24956 with take profit at 1.25430 Bearish Preference: Sell position is envisaged if price trades below 1.24350 with take profit at 1.24102 Fundamentals:Core Retail Sales m/m   1:30 PMRetail Sales m/m             1:30 PMFed Chair Powell Speaks    7:00 PM Comment: The U.S. …

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Daily Market Analysis 19.04.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.30197 with take profit at  1.30346 Bearish Preference: Sell position is envisaged if price trades below 1.29934 with take profit at 1.29789 Fundamentals:No major Fundamental. Comment: The GBP/USD pair edged lower during the Asian session on Tuesday and inched back closer to its lowest level since November …

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Daily Market Analysis 07.04.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.31136 with take profit at 1.31320 Bearish Preference: Sell position is envisaged if price trades below 1.30673 with take profit at 1.30562 Fundamentals:1:30pm USD Unemployment Claims Comment: The U.S. dollar edged lower in early European trade Thursday but still remained close to a two-year high after minutes from …

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Daily Market Analysis 31.03.2022: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.11625 with take profit at 1.11804. Bearish Preference: Sell position is envisaged if price trades below  1.11277 with take profit 1.11109. Fundamentals:1:30pm   USD        Core PCE Price Index m/m          USD        Unemployment Claims2:45pm   USD       …

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Daily Market Analysis 16.03.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 105.01 take profit at 106.91. Bearish Preference: Sell position is envisaged if price trades below 99.72 take profit at 97.82. Fundamentals:3:30pm        USD Crude Oil Inventories Comment: Oil prices rose over $1 on Wednesday, bouncing back after earlier declines, as Russia’s invasion of Ukraine continues …

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Daily Market Analysis 15.03.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.30810 with take profit at  1.30956. Bearish Preference: Sell position is envisaged if price trades below 1.30476 with take profit at 1.30319. Fundamentals:1:30pm USD PPI m/m  Comment: The Bank of England (BoE) monetary policy decision is unlikely to lift the pound. The pair clings to modest daily gains …

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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 30/12/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.13271 with take profit at 1.13369. Bearish Preference: Sell position is envisaged if price trades below 1.13092 with take profit at 1.12997. Fundamentals:No Major Fundamental Comment: The dollar edged higher in early European trade Thursday, but remained near the bottom of its recent range in …

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Daily Market Analysis 21/12/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.13049 with take profit at 1.13176. Bearish Preference: Sell position is envisaged if price trades below 1.12814 with take profit at 1.12680. Fundamentals:No major fundamental Comment: EUR/USD is flat on the session stuck in a 1.1273 and 1.1286 tight range as the markets move into holiday …

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Daily Market Analysis 20/12/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.32182 with take profit at 1.32319. Bearish Preference: Sell position is envisaged if price trades below 1.31909 with take profit at 1.31670. Fundamentals:No major fundamental Comment: The dollar rose in early European trade Monday, climbing close to its recent high, as the Federal Reserve pointed to …

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