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Daily Market Analysis 27|05|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21157 with take profit at 1.21273. Bearish Preference: Sell position is envisaged if price trades below 1.20977 with take profit at 1.20852. Fundamentals:1:30PM USD Prelim GDP q/q              USD Unemployment Claims3:30pm USD Pending Home Sales m/m Comment: Oil prices fell on Thursday but stayed within …

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Daily Market Analysis 19|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 67.66 with take profit at 67.94. Bearish Preference: Sell position is envisaged if price trades below 66.99 with take profit at 66.69. Fundamentals:3:30 pm    USD     Crude Oil Inventories Comment: Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases …

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Daily Market Analysis 04|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20217 with take profit at 1.20404. Bearish Preference: Sell position is envisaged if price trades below 1.19812 with take profit at 1.19608. Fundamentals:No Major fundamentals  Comment:  Confidence is growing throughout Europe over its recovery from the pandemic as the rate of vaccination in EU member …

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