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Daily Market Analysis 07/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1764.71 with take profit at 1766.54 Bearish Preference: Sell position is envisaged if price trades below 1757.81 with take profit at 1756.32 Fundamentals:1:30pm USD Unemployment Claims Comment: The dollar held close to a 14-month high against the euro on Thursday, as a surge in energy …

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Daily Market Analysis 06/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.15445 with take profit at 1.15550. Bearish Preference: A Sell position is envisaged if price trades below price 1.15264 with take profit at 1.15180. Fundamentals:1:15PM USD ADP Non-Farm Employment Change Comment: The dollar traded higher Wednesday, with this safe haven boosted by concerns rising energy …

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Daily Market Analysis 06/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 82.57 with take profit at 82.96 Bearish Preference: Sell position is envisaged if price trades below 81.53 with take profit at 81.25 Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+’s refusal to ramp …

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Daily Market Analysis 05/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.16160 with take profit at 1.16279. Bearish Preference: A Sell position is envisaged if price trades below price 1.15815 with take profit at 1.15706. Fundamentals: 3:00pm USD ISM Services PMI4:00pm EUR ECB President Lagarde Speaks6:15pm USD FOMC Member Quarles Speaks Comment: European stock markets are …

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Daily Market Analysis 05/10/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 82.11 with take profit at 82.40 Bearish Preference: Sell position is envisaged if price trades below 81.01 with take profit at 80.69 Fundamentals:No major fundamental Comment: Oil prices climbed on Tuesday, hitting their highest levels in at least three years, extending gains triggered during the …

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Daily Market Analysis 04/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.16189 with take profit at 1.16299. Bearish Preference: A Sell position is envisaged if price trades below price 1.15914 with take profit at 1.15792. Fundamentals:No major fundamental Comment: Technically, When EUR/USD broke through the upper side of a descending trend channel, it was unable to …

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Daily Market Analysis 30/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1730.41 with take profit at 1733.01 Bearish Preference: Sell position is envisaged if price trades below 1716.48 with take profit at 1712.75 Fundamentals:USD 1:30PM Unemployment Claims3PM Fed Chair Powell Testifies Comment: The dollar hit a fresh one-year high against a basket of peers on Thursday on the …

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Daily Market Analysis 30/09/2021: AUDUSD

Instrument: AUDUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.72104 with take profit at 0.72213 Bearish Preference: Sell position is envisaged if price trades below 0.71940 with take profit at 0.71837 Fundamentals:3:00pm USD Fed Chair Powell Testifies Comment: The dollar edged lower in early European trade Thursday, but remained near its one-year high on …

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Daily Market Analysis 24/09/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 77.07 with take profit at 77.20. Bearish Preference: Sell position is envisaged if price trades below 76.32 with take profit at 76.17. Fundamentals: No Major Fundamental Comment: Oil was up Friday morning in Asia, rising for a fourth day with the focus on tighter supplies and …

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Daily Market Analysis 22/09/2021: AUDUSD

Instrument: AUDUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.72563 with take profit at 0.72665. Bearish Preference: Sell position is envisaged if price trades below 0.72364 with take profit at 0.72278. Fundamentals: 7:00pm USD FOMC Economic Projections. Comment: The Australian Dollar is trading higher early Wednesday after posting a volatile trade the previous session. The …

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