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Daily Market Analysis 17.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1823.61 with take profit at 1825.84. Bearish Preference: Sell position is envisaged if price trades below 1820.40 with take profit at 1818.08. Fundamentals:No major fundamental Comment: Gold held steadily during Monday’s APAC session after gaining 1.6% over the past week. A slew of upbeat economic …

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Daily Market Analysis 24/12/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.28443 with take profit at 1.28565. Bearish Preference: Sell position is envisaged if price trades below 1.27921 with take profit at 1.27777. Fundamentals:No Major Fundamental Comment: The loonie pair tracks a pause in the prices of Canada’s key export item WTI crude oil to print the latest …

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Daily Market Analysis 16/12/2021: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 75.23 with take profit at 75.46. Bearish Preference: Sell position is envisaged if price trades below 74.29 with take profit at 74.10. Fundamentals:No major fundamental Comment: World stocks marched back towards record highs on Thursday as traders waited to see if Europe’s top central banks, …

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Daily Market Analysis 23/09/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36733 with take profit at 1.36821. Bearish Preference: Sell position is envisaged if price trades below 1.36318 with take profit at 1.36181. Fundamentals: 12:00pm GBP: Asset Purchase Facility MPC Asset Purchase Facility Votes Monetary Policy Summary2:45PM USD Flash Manufacturing PMI Flash Services PMI Comment: The …

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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 04|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13794.68 with take profit at 13816.42. Bearish Preference: Sell position is envisaged if price trades below13707.64 with take profit at 13689.63. Fundamentals:No Major fundamentals  Comment:  Asian share markets were mostly positive Tuesday as investors looked to signs of recovery from the coronavirus pandemic as major …

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