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Daily Market Analysis 20/07/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36616 with take profit at 1.36766. Bearish Preference: Sell position is envisaged if price trades below 1.36025 with take profit at 1.35817. Fundamentals:No major fundamental. Comment: The dollar traded at multi-month highs in Europe Tuesday, continuing to benefit from its safe haven status amid concerns rising Covid-19 …

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Daily Market Analysis 06/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18543 with take profit at 1.18724. Bearish Preference: Sell position is envisaged if price trades below 1.18302 with take profit at 1.18151. Fundamentals:3:00 pm USD    ISM Services PMI Comment: U.S. economy is seen opening marginally lower Tuesday. European stock markets slipped lower Tuesday as investors digested a rise …

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Daily Market Analysis 29/06/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38709 with take profit at 1.38867. Bearish Preference: Sell position is envisaged if price trades below 1.38501 with take profit at 1.38394. Fundamentals:3:00pm    USD    CB Consumer Confidence. Comment: The dollar edged marginally higher in early European trade Tuesday, helped by concerns over the rise of …

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Daily Market Analysis 18/06/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.39139 with take profit at 1.39343. Bearish Preference: Sell position is envisaged if price trades below 1.38865 with take profit at 1.38692. Fundamentals:None with a high impact on the pair. Comment: The pound suffered another blow from disappointing UK Retail Sales figures for May, which …

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Daily Market Analysis 09/06/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.41769 with take profit at 1.41875. Bearish Preference: Sell position is envisaged if price trades below 1.41586 with take profit at 141485. Fundamentals:None with high impact on the pair. Comment: The UK’s successful Covid-19 vaccine roll-out has probably contributed to sterling’s firmness these past few months. …

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Daily Market Analysis 01|06|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1.42442 with a take profit at price 1.42642. Bearish Preference: A Sell position is envisaged if price trades below 1.41602 with take profit at price 1.41412. Fundamentals:3:00pm    USD    ISM Manufacturing PMI4:00pm    GBP    BOE Gov Bailey Speaks Comment: The dollar weakened in early European trade Tuesday, slipping to …

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Daily Market Analysis 19|05|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 33962 with take profit at 34061. Bearish Preference:  Sell position is envisaged if price trades below 33765 with take profit at 33654. Fundamentals:7:00pm  USD FOMC Meeting Minutes   Comment: Wall Street has been volatile in recent days, with investors worried that an overheating economy could prompt the …

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Daily Market Analysis 18|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22136 with take profit at 1.22270. Bearish Preference: Sell position is envisaged if price trades below 1.22021 with take profit at 1.21915. Fundamentals:No Major Fundamentals  Comment: European stock markets traded higher Tuesday, helped by promises of continued Federal Reserve largesse along with better than expected U.K. …

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Daily Market Analysis 18|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.42115 with take profit at 1.42262. Bearish Preference: Sell position is envisaged if price trades below 1.41517 with take profit at 1.41197. Fundamentals:3:00 pm    GBP    BOE Gov Bailey Speaks Comment: The dollar was down on Tuesday morning in Asia, also  hovering close to multi-month lows against …

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Daily Market Analysis 11|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.41305 with take profit at 1.41537. Bearish Preference: Sell position is envisaged if price trades below 1.40899 with take profit at 1.40663. Fundamentals:3:30 PM    GBP    BOE Gov Bailey Speaks Comment: The dollar was up on Tuesday morning in Asia, but gains were capped by expectations that …

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