Daily analysis 9 October
Publish Date : 2019/10/09 - 07:04

Daily analysis

Daily news: Today we will have Crude oil inventories and FOMC Meeting Minutes on economic calendar. it seems that Oil and Gold will have the most fluctuations.


XAUUSD: gold prices managed to breach above 1500 area. it seems that tensions between turkey and Syria and also US-China trade war may affect gold.


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


GBPUSD: the pair fell yesterday,and it fell furthure after breaking below 1.2300 area,it seems that the pair can continue falling down to 1.2150.


USDCHF: the pair fell down to 0.9930 area according to yesterday’s analysis. now it seems that the pair may fluctuate in between 0.9900 and 0.9950.


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 fell down to 1.3288 area and rebounded from there. it seems that the pair may rise up to 1.3350 area.


AUDUSD: the pair may reach 0.6750 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: 52 support area still holds,if the prices hit the area,it may rise up to 54 area,we can set 51 as out stop loss.


Dow jones: dow jones may fluctuate in between 2600 and 26300 area.


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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