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Daily Market Analysis 24/08/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17506 with take profit at 1.17645. Bearish Preference: Sell position is envisaged if price trades below 1.17271 with take profit at 1.17129. Fundamentals:No major fundamentals Comment: European stock markets are expected to edge higher at the open Tuesday, helped by a strong handover from Wall Street after the …

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Daily Market Analysis 20/08/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14923.22 with take profit at 14938.78. Bearish Preference: Sell position is envisaged if price trades below 14847.35 with take profit at 14827.89. Fundamentals:No major fundamental Comment: Global shares fell for the fifth straight day and the dollar remained firm in a flight to safety on Friday …

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Daily Market Analysis 03/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1813.10 with take profit at 1814.82. Bearish Preference: Sell position is envisaged if price trades below 1807.26 with take profit at 1805.77. Fundamentals:No Major Fundamental Comment: Gold markets were content to watch from the sidelines overnight, with gold finishing almost unchanged at USD 1814.00 an ounce, …

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Daily Market Analysis 27/07/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15096.18 with take profit at 15124.61. Bearish Preference: Sell position is envisaged if price trades below 15035.28 with take profit at 15005.23. Fundamentals:3:00pm    USD    CB Consumer Confidence Comment: US Stocks clinched reached highs on Monday after cutting intraday losses ahead quarterly earnings from big tech and further …

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Daily Market Analysis 26/07/2021: US100

Instrument:US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15137.06 with take profit at 15167.49. Bearish Preference: Sell position is envisaged if price trades below 15033.39 with take profit at 15011.41. Fundamentals:No major fundamental. Comment: U.S. stocks are seen opening higher Friday, boosted by strength in the tech sector after positive earnings from social media …

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Daily Market Analysis 22/07/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.388 with take profit at 110.511. Bearish Preference: Sell position is envisaged if price trades below 110.167 with take profit at 110.069. Fundamentals:USD1:30 PM   Unemployment                             Claims        3:00PM  CB Leading Index  …

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Daily Market Analysis 21/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17717 with take profit at 1.17831. Bearish Preference: Sell position is envisaged if price trades below 1.17529 with take profit at 1.17406. Fundamentals:No major fundamental. Comment: The greenback has been able to maintain its strength despite stocks’ upswing – showing that it is more than …

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Daily Market Analysis 13/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18646 with take profit at 1.18746. Bearish Preference: Sell position is envisaged if price trades below 1.18461 with take profit at 1.18367. Fundamentals:1:30 pm  USD    CPI m/m              USD    Core CPI m/m    6:01pm USD  30-y Bond Auction Comment: European stock markets are …

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Daily Market Analysis 06/07/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14762.75 with take profit at 14781.51. Bearish Preference: Sell position is envisaged if price trades below 14703.52 with take profit at 14684.73. Fundamentals:3:00pm    USD    ISM Services PMI Comment: The U.S. economy is booming, but this is now a known and asset markets reflect it. What isn’t so clear …

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Daily Market Analysis 05/07/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1795.41 with take profit at 1798.10. Bearish Preference: Sell position is envisaged if price trades below 1787.16 with take profit at 1784.45. Fundamentals:No major fundamental. Comment: Gold prices traded modestly higher during Monday’s APAC session, as a weaker US Dollar and lower yields bolstered the appeal of the yellow …

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