Daily analysis 12 November
Publish Date : 2019/11/12 - 07:37

Daily analysis

Daily news: today we have Average Earnings Index, German ZEW Economic Sentiment and FOMC Member Clarida Speaks on the economic calendar.

XAUUSD: gold prices continued falling,it seems that gold prices may have short corrections along with deep falls and it may reach 1443 for today.

EURUSD: the pair now is struggling 1.1020 support area. We may have a correction toward 1.1050 and bears may take the upper hand there.

GBPUSD: the pair reached target at 1.2870 which we emphasized yesterday. Today it may move toward 1.2900.

USDCHF: the pair reached target at 0.9950 according to yesterday’s analysis. Trading on the pair is not recommended for today.

USDJPY: traders are trying to sell safe-haven JPY as sino-us trade talks are moving along nicely.if the prices close above 109.20 it may move toward 110.

USDCAD: the pair reached target at 1.3245. it seems that it may be fluctuating in between 1.3240 and 1.3200 for now.

AUDUSD: the pair reached target at 0.6842 as expected. It may rebound to 0.6873.

NZDUSD: the fall may continue down to 0.6284 and any correction could make sell positions appealing.

Crude oil: oil prices seems not to fall less than 56 as Aramco is preparing to supply Oil again.

Dow jones: dow jones started to rise again after short corrections it had yesterday. Now its rallying toward 27750 top again. The top may breaks and trading on it is not recommended.

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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