Daily analysis 4 November
Publish Date : 2019/11/04 - 07:14

Daily analysis

Daily news: today we have a quiet market and we won’t see significant fluctuations on market.


XAUUSD: gold prices rose up to 1516 on Friday as we expected. it seems that it may move toward 1500 today and then start rising again.


EURUSD: we were expecting 1.1200 area on this pair and its still hovering around 1.1170 area,we cannot expect any rise in this pair as long as this resistence holds.


GBPUSD: the pair was able to keep its upward trend during the last couple of days, it may rise up to 1.3000 today.


USDCHF: last week,the pair reached target at 0.9850 as we expected and then started to rebound. It may rebound to 0.9890 today.


USDJPY: it may move toward 108.45 today.


USDCAD: the pair is still at correction toward 1.3120 as Friday’s anticipations. We expect growth from there.


AUDUSD: the pair changed its trend after breaking 100 SMA. The pair may make its uptrend stronger with breaking above weekly descending top.


NZDUSD: the pair reached target at 0.6450. trading on London and New York times are not appealing, but the pair’s trend is upward on Asian time.


Crude oil: Oil reached target at 55.25 as we said on Friday. We also provided a buy signal on signal section which hit the target. It seems that Oil main trend is upside and any correction may help the oil prices to move toward 58 area.


Dow jones: dow jones reached target at the afforsaid tops at 27300. Trading on it is not recommended for now.


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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