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Daily Market Analysis 12|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.21507 with take profit at 1.21687. Bearish Preference: Sell position is envisaged if price trades below 1.21203 with take profit at 1.21017. Fundamentals:1:30 pm USD CPI m/m              USD Core CPI m/m Comment: The dollar edged higher in early European trade Wednesday, …

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Daily Market Analysis 07|05|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy is envisage if price trades above 109.245 with take profit at 109.364. Bearish Preference: Sell is envisaged if price trades below 109.021 with take profit at 108.930. Fundamentals:1:30 PM USD    Average Hourly Earnings m/m                 USD    Non-Farm Employment Change              …

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Daily Market Analysis 05|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1.19500 with take profit at 1.19360 Bullish Preference: Buy is envisaged if price trades above 1.19837 with take profit at 1.20106 Fundamentals:2:30pm USD Average Hourly EarningsUSD Non-Farm Employment ChangeUSD Unemployment Rate Comment: EURUSD ended bearish yesterday breaking the the support at 1.20112. However, its sharp and …

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Daily Market Analysis 11|08|2020: OIL

Instrument: OIL Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 45.34 with take profit at key level 45.04  Alternative scenario:  Buy if price trades above 45.73  with take profit at 46.08 Fundamentals:No Fundamentals. Comment: Technically Brent has been hovering between 46.15 and 44.35 prize zones, right now investors would be waiting for crude oil …

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Daily Market Analysis 18|06|2020: GBPJPY

Intraday: Bearish Technical Analysis Preference: A Sell is in order if prices trade below 133.490 with take profit at 133.071. Alternative scenario: Buy is in order if price trades above 134.344 with take profit at 135.112. Fundamentals:12pm GBP Asset Purchase FacilityMPC Asset Purchase Facility VotesMPC Official Bank Rate VotesMonetary Policy SummaryOfficial Bank Rate Comment: This pair recently got rejected at a monthly key …

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Daily Market Analysis 08|05|2020: EURUSD

Intraday: Bullish Technical Analysis Preference: A buy if price trades above 1.08524 with take profit at 1.08817 Alternative scenario: Sell  at 1.08191 with take profit at 1.07872 Fundamentals:1:30pm US Averag HourlyEarnings m/m Non-Farm Employment Change                     Unemployment Rate Comment: The U.S. dollar weakened in early European trade Friday as the onslaught of grim economic …

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Daily Market Analysis 27|04|2020: EURUSD

Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.08474 with take profit at 1.08779 Alternative scenario: Sell position is envisaged if price trades below 1.08367 with take profit at 1.08141 Fundamentals:No major economic data expected today Comment: The pair is envisaged to trade higher today, having successfully closed above the bearish channel on the hourly …

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Daily Market Analysis 14|04|2020: EURUSD

Intraday: Bullish * Technical Analysis * Preference: A Buy position is envisaged if price trades above 1.09402 with take profit at 1.09611 * Alternative scenario: A Sell position is envisaged if price trades below 1.09197 with take profit at 1.08982 * Fundamentals:No major economic data with direct bearing on the currency pair Comment: EUR/USD is gaining ground …

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