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Daily Market Analysis 04.10.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.13776 with take profit at 1.13968 Bearish Preference: Sell position is envisaged if price trades below 1.12972 with take profit at 1.12809 Fundamentals:3:00pm USD JOLTS Job Openings Comment: GBP/USD climbed 0.5% to $1.1375 in the wake of the British government’s decision to reverse the proposed scrapping of the highest …

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Daily Market Analysis 26.09.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.07770 with take profit at  1.08230 Bearish Preference: Sell position is envisaged if price trades below 1.06224 with take profit at 1.05723 Fundamentals:No major fundamental Comment: The British pound continued to slump in early European trading Monday, falling to a record low against the soaring U.S. dollar as …

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Daily Market Analysis 07/09/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.37796 with take profit at 1.37947. Bearish Preference: Sell position is envisaged if price trades below 1.37618 with take profit at 1.37472. Fundamentals: No major Fundamentals Comment: U.K. Prime Minister Boris Johnson will announce his long-awaited plan to reform social care on Tuesday, risking a major row with …

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Daily Market Analysis 04|06|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13546.16 with take profit at 13562.97. Bearish Preference: Sell position is envisaged if price trades below 13503.43 with take profit at 13484.52. Fundamentals:12:00pm USD    Fed Chair Powell Speaks1:30pm   USD    Average Hourly Earnings m/m               USD    Non-Farm Employment Change  …

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Daily Market Analysis 05|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13598.65 with take profit at 13633.55. Bearish Preference: Sell position is envisaged if price trades below 13503.00 with take profit at 13462.93. Fundamentals:No Major fundamentals  Comment:  There are worries that President Joe Biden’s $2.3 billion capital-gains tax proposal may be on the rise, particularly after …

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