Daily Trend
Publish Date : 2019/08/20 - 05:31

Daily analysis


Daily News: Today we will have German Producer Price Index (PPI) and manufacturing sales rate in Canada on economic calendar.

XAUUSD: it seems that sellers have entered into XAUUSD in H4 timeframe as it broke below 1500.
If the price keeps falling down to 1492,then it’s anticipated that the price will reach to 1486.otherwise the price will go back to 1500.

EURUSD: the pair may rise up to 1.1120 today.

GBPUSD: good news came out from UK on Friday strengthened the pair and made it rise,and it seems that the rise may continue to 1.2200 (yesterday’s analysis still stands.)

USDCHF: The pair have met yesterday’s analysis,and it seems that the pair will have a 20pips fluctuation for today.

USDJPY: yesterday’s target is reached,and the pair may break above 106.60 and continue up to 107.

USDCAD: the pair can continue its rise as long as it is above 1.3290 but if the price break above resistance level at 1.3330,it won’t happen(the rise will be stopped.)

AUDUSD: the pair could rise up to 0.6840 in the following days.(yesterday’s analysis still stands)

NZDUSD: target at 0.6400 is reached.the pair may rise up to 0.6450.

CRUDE OIL: it reached the target yesterday.(the signal was given in signal section yesterday.)
The rise could continue up to 56.45.

Dow jones(wst30m): it reached the target yesterday it can hover around 26000 and 26200 for today.


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. Navasangold, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

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