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Daily Market Analysis 19.01.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 88.78 with take profit at 88.97. Bearish Preference: Sell position is envisaged if price trades below 87.37 with take profit at 87.09. Fundamentals:No major fundamental Comment: Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased …

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Daily Market Analysis 05/07/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.987 with take profit at 111.075. Bearish Preference: Sell position is envisaged if price trades below 110.681 with take profit at 110.563. Fundamentals:No major fundamental. Comment: USD/JPY appears to be in a stronger state if we look at price action over the last ten years. During this long period …

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Daily Market Analysis 18|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1873.99 with take profit at 1876.85. Bearish Preference: Sell position is envisaged if price trades below 1866.43 with take profit at 1863.84. Fundamentals:No Major Fundamental Comment:  Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped …

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