Daily analysis 7 October
Publish Date : 2019/10/07 - 06:13

Daily analysis

Daily news: Today we will have a quiet market.we will only have Fed Chair Powell Speaks on economic calendar which may cause some volatility to Gold.

XAUUSD: as long as the gold prices are above 1505 and 1502 support area,it can rise up to 1518 according to last week’s uptrend.otherwise,if the prices break below support area,it can fall further down to 1482.

EURUSD: as long as the pair is above 1.0955,it may rise further up to 1.1020.

GBPUSD: the pair may reach 1.2300 support area today and rise up to 1.2350.

USDCHF: the pair can rise up to 0.9980 area and rebound to 0.9950.

USDJPY: the pair reached target at 106.80. it can fluctuate in between 106.80 and 106.40 today.

USDCAD: the pair got out of 1.2330 and 1.2200 area. as long as the pair is above 1.2330,it can continue rising.

AUDUSD: the pair rose up to 0.6773 area and fell again.the fall can continue to 0.6700 area.

NZDUSD: as long as the pair is above 0.6260 area,we cannot think of downsides.thus,the pair may move toward 0.6350.

Crude oil: after falling from 63 area,it stalled around 51/52.50. it may rise up to 53.10 area.

Dow jones: trading on dow jones is not recommended for today. it can fluctuate in between 26550 and 26400 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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