Daily news: Today we will have PPI and Crude oil inventories on economic calendar.
XAUUSD: Gold prices managed to fall after a correction. It seems that the bears still taking the upper hand. It seems that gold may fluctuate in between 1494 and 1486 for today.
EURUSD: the pair rose up to 1.1050 according to friday's analysis.It seems that the pair is approaching 1.1035 support area.if it happens the prices may rise up to 1.1065.(yesterday’s analysis still stands)
USDJPY: the pair reached 107.70 target.the pair may get into a corrective wave around 107.83 area.
USDCAD: the pair is still in a downside trend and it may reach 1.3100 target.but trading on the pair is not recommended due to inappropriate risk-reward ratio.
AUDUSD: the pair is still in an upside trend and it may reach 0.6900 target.
NZDUSD: the pair may go back to 0.6452 again after its corrective wave around 0.6400.
Crude oil: it reached 58.50 target and then got into a corrective wave.the prices may rise from 57.70 to 58.30 as bulls taking the upper hand.
Dow jones: it seems that the upside trend will continue to 27000.therefore,we can scalp it,but trading in high volume is not recommended.
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