Daily Trend
Publish Date : 2019/08/26 - 05:12

Daily Trend

Daily News: Today we will continue the G7 session on the economic calendar, and on the other hand, closures of UK banks may keep the Forex market calm in London time , but in the US timing, the market is reporting durable commodity orders , and with the new US tariffs on Friday, gold will open with positive gape and we will see a full swing week.

Ounce (XAUUSD): Ounce of gold due to the support that presented Friday`s daily trend is ascended by 1494 support, But it is not offered for trading today . But in other hand , it looks like any correction can be bought in ounces and could see 1568 targets.

(EURUSD): The pair observed the target of 1.1120 and could continue its erosional up to 1.1180.

(GBPUSD) : The pair due to the Friday`s daily analysis continued to climb after a correction . For today it may seem to have low upward fluctuations.

(USDCHF): The pair has fallen sharply and is likely to move towards 0.9700 after filling up its gap at 0.9735.

(USDJPY): Dollar on Yen looks like it can fall till 104.50 without filling its gap.

(USDCAD): The pair looks likely to climb to 1.3360 today.

(AUDUSD): Due to the trade war between China and the US Asian currencies such as Australia, whose economy is tied to China, may still be under pressure of sale , so it may continue to fall to 0.6690 today.

(NZDUSD) : The pair can continue its downtrend to the 0.6630 region.

Oil: Due to the trade war and falling production and falling oil demand, it looks like oil is under pressure and could reach as much as $ 51 a week, but it could be supported.

Dow Jones (wst30m): today , The Dow Jones in Forex market will grow to 25522 by filling up its gap and continue down to 25360 again.


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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