technical analysis

  1. syamfx2020

    DAILY MARKET REPORT - Wednesday, June 02, 2021

    The video-conferencing company Zoom Video Communications Zoom (NASDAQ: ZM) reported strong Q1 earnings. Gold price stays below $1900 while crude oil prices hold gains. US Dollar rebounded back to above 90.00. Technical analysis: GBP/USD and Gold Read more -...
  2. syamfx2020

    Forex pair to watch today: EUR/USD

    EURUSD under pressure after the release of weak German retail sales. At the time of writing, the currency pair trading near yesterday's low of 1.2209. Key levels to watch this week: Support: 1.2160 & 1.2130 Resistance: 1.2270 & 1.2300
  3. syamfx2020

    DAILY MARKET REPORT - Tuesday, June 01, 2021

    Crude Oil prices steady above 2- year high ahead of OPEC meeting. Gold price jumps to 5- months high. AUDUSD slips after the RBA decision while EURUSD trading strong. Technical analysis of USD and Gold. Read more- Read
  4. syamfx2020

    USD will regain momentum if it stays above 90

    US Dollar struggling to find the upside momentum. When will the US dollar rebound? What’s happening with USD? How much lower can USD go? Read the answers here-
  5. syamfx2020

    DAILY MARKET REPORT - Monday, May 31, 2021

    Global markets flat as US and UK public holidays subdue trading. Gold and oil price hold gains from the previous week. GBPUSD slightly retreat while EURUSD is unchanged. Read more-
  6. syamfx2020

    Forex Pairs to watch this week: GBP/USD and USD/CAD

    Read the detailed technical analysis HERE -
  7. syamfx2020

    DAILY MARKET REPORT - Friday, May 28, 2021

    Technology giants HP (NYSE: HPQ) and Dell (NYSE: DELL) reported better-than-expected last quarter financial results on Thursday 27th May after the market close. The last quarter results fuelled by a surge in demand for laptops needed by people working and distance learning. Meanwhile, both the...
  8. syamfx2020

    DAILY MARKET REPORT - Thursday, May 27, 2021

    Amazon agreed to buy the MGM Studios for $8.45B. US Dollar holding recent gains ahead of US Q1 GDP data. Crude oil prices retreat slightly while GOLD slips below $1900. Read more-
  9. syamfx2020

    $NVDA bulls ready to break 52-week high

    Computer graphics card maker Nvidia (NASDAQ: NVDA) shares bounced more than 5% after the company announced a 4-for-1 stock split. Focus shifts to Q1 earnings. Read more here-
  10. syamfx2020

    DAILY MARKET REPORT - Wed, May 26, 2021

    Online job marketplace firm ZipRecruiter is set to begin trading on the New York Stock Exchange under the symbol “ZIP” on Wednesday and the company is going public through a direct listing rather than an IPO with a valuation of $ 2.4 billion ZipRecruiter was founded in 2010 and the company...
  11. syamfx2020

    Bitcoin struggling to find direction

    Bitcoin price trading lower on Tuesday after the primary cryptocurrency failed to break above the $40000 zone. Read the detailed report here -
  12. syamfx2020

    Key technical levels to watch this week

    Markets continue to be volatile this week. GOLD Support: 1860 and 1843 Resistance: 1890 and 1906 EURUSD Support: 1.22 and 1.2150 Resistance: 1.2280 and 1.2310 Dollar Index Support: 89.40 and 89.20 Resistance: 89.90 and 90.20
  13. syamfx2020

    DAILY MARKET REPORT - Tuesday, May 25, 2021

    NZD/USD climbed to a fresh weekly high of 0.7235 on Tuesday ahead of the RBNZ interest rate decision and statement which is set to be announced at 02.00 GMT on Wednesday. RBNZ expected to leave the interest rates unchanged. The future direction of the New Zealand dollar will depend on the RBNZ...
  14. syamfx2020

    DAILY MARKET REPORT - Monday, May 24, 2021

    The EUR/USD rebounded back to above 1.22 on Monday. The currency pair closed below 1.22 on Friday following the mixed comments from ECB President Christine Lagarde. Lagarde said It is too early for the European Central Bank to discuss winding down its €1.85 trillion Pandemic Emergency Purchase...
  15. syamfx2020

    DAILY MARKET REPORT - Friday, May 21, 2021

    The National Statistical Office (ONS) released the April month UK retail sales figures. The retail sales increased by 9.2% in April from 5.1% in March and on an annualised basis, the sales rose by 42.4%. The stronger-than-expected results boosted by the easing of coronavirus restrictions...
  16. syamfx2020

    Forex pair to watch: EURUSD

    The currency pair retreat back to below 1.2180 after it failed to break above the Feb high of 1.2243. If the bearish momentum continues the next downside levels to watch 1.2140 and 1.2110.
  17. syamfx2020

    DAILY MARKET REPORT - Wed, May 19, 2021

    The UK and Eurozone released the latest CPI figures on Wednesday. The UK inflation rate increased by 1.5% in April, the highest since March 2020 and above market expectations of 1.4%. While Eurozone inflation grew by 1.6% year-on-year increase, up from 1.3% year-on-year in March. On the other...
  18. syamfx2020

    Will FOMC minutes drive the Gold price lower?

    With less than a few hours left for the release of minutes from the US Federal Reserve’s April policy meeting, the Gold price hovers below the weekly high of $1875. Read my detailed report here-
  19. syamfx2020

    Forex pair to watch today: AUDUSD

    The currency pair slightly retreat after it failed to hold above 0.7800. key technical levels to watch Support: 0.7760 and 0.7730/0.77 Resistance: 0.7815 and 0.7850
  20. syamfx2020

    DAILY MARKET REPORT - Tuesday, May 18, 2021

    America’s biggest retailer Walmart (NYSE: WMT) is scheduled to announce first-quarter financial results on Tuesday before the bell. Consensus forecast EPS of $1.21 on revenue of $131.8 Billion. $WMT stock closed slightly lower on Monday and the stock’s 52-week low $117.01 and high $153.66...