Daily analysis 8 October
Publish Date : 2019/10/08 - 05:24

Daily analysis

Daily news: Today we will have MPC Member Haldane Speaks and MPC Member Tenreyro Speaks which are related to London time and also PPI and Fed Chair Powell Speaks on the economic calendar.


XAUUSD: gold prices were able to reach 1488 area after breaking below 1502 support area as it was said. it may continue falling down to 1482 area today.


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


GBPUSD: if the pair will be stucked at 1.2300 support area,it may rise up to 1.2350 area.


USDCHF: the pair stalled at 0.9950. it seems that the pair may fall down to 0.9930.


USDJPY: the pair started to rise after breaking above 106.80 resistence area. it seems that the pair may rise up to 107.50 area and stall there.


USDCAD: the pair didn’t continue rising as it was expected. it is falling now,the fall may continue down to 1.3280 and rise from there.


AUDUSD: the pair was supported at 0.6730 area. it may move toward 0.6785 for the next two days.


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: Oil prices rose according to yesterday’s analysis and rose up to 54 area. it may fall down to 53.55 today.


Dow jones: dow jones was stucked in a range area as it was expected. it may rise up to 26700 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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