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thursday

Daily Market Analysis 03|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.38808 with take profit at 1.38938. Bearish Preference: Sell position is envisaged if price trades below 1.38590 with take profit at 1.38473. Fundamentals:None with high Impact Comment: The Federal Reserve Chair Jerome Powell made his best efforts to say price rises are temporary. On the other hand, …

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Daily Market Analysis 29|04|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy is envisage if price trades above 1.23253 with take profit at 1.23456. Bearish Preference: Sell is envisaged if price trades below 1.22771 with take profit at 1.22597. Fundamentals:USD 1:30PM Advance GDP q/q                      Advance GDP Price Index q/q          …

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Daily Market Analysis 29|04|2021: OILs

Technical Analysis Bullish Preference:  Buy is envisage if price trades above 67.41 with take profit at 67.67. Bearish Preference: Sell is envisaged if price trades below 66.79 with take profit at 66.57. Fundamentals:USD 3:30PM  Natural Gas Storage Comment: Oil was up Thursday morning in Asia as investors continue to expect fuel demand to recover by the summer, despite ever-surging numbers …

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Daily Market Analysis 29|04|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy is envisage if price trades above 108.919 with take profit at 109.014. Bearish Preference: Sell is envisaged if price trades below 108.660 with take profit at 108.500 Fundamentals:USD 1:30PM Advance GDP q/q                      Advance GDP Price Index q/q            …

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Daily Market Analysis 11|03|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference:  Buy is envisage if price trades above 1.26223 with take profit at 1.26520. Bearish Preference: Sell is envisaged if price trades below 1.25585 with take profit at 1.25021. Fundamentals:7:30PM CAD Gov Council Member Schembri Speaks Comment: Crude prices have been buoyant since the Organization of the Petroleum Exporting Countries, Russia and their oil producing …

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Daily Market Analysis 11|03|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy is envisage if price trades above 68.55 with take profit at 69.28. Bearish Preference: Sell is envisaged if price trades below 67.75 with take profit at 66.96. Fundamentals:None with high impact on the commodity. Comment: Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks …

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Daily Market Analysis 05|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 108.351 with take profit at 108.530. Bearish Preference: Sell position is envisaged if price trades below 107.938 with take profit at 107.722. Fundamentals:2.30PM – USD    Non-Farm Employment Change          USD Average Hourly Earnings m/m          USD  Unemployment Rate Comment: The …

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Daily Market Analysis 04|03|2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy is envisage if price trades above 64.92 with take profit at 65.41 Bearish Preference: Sell is envisaged if price trades below 64.21 with take profit at 63.87. Fundamentals:All Day – OPEC-JMMC Meetings  Comment: Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing …

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Daily Market Analysis 25|02|2021: OIL

Instrument: OIL Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below 65.94 with a take profit at 65.28. Bullish Preference: A Buy position  is envisaged if price trades above price 66.89  with take profit at price 67.77 Fundamentals:No major fundamentals  Comment: Oil is still on the rise due to the tightened global supplies .OPEC+ Oil …

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