Daily analysis 14 November
Publish Date : 2019/11/14 - 06:55

Daily analysis

Daily news: today we have quiet a busy day on the economic calendar.
We have German Prelim GDP, Retail Sales,crude oil inventories on the economic calendar.
Today we will see some significant fluctuations on EUR,GBP and Gold.


XAUUSD: gold prices fell down to 1446 yesterday and then started to rise from there,today it may reach target at 1468 area.


EURUSD: the pair may continue falling according to the break of 1.1020 support. It may reach target at 1.0975.


GBPUSD: we cannot expect any further rise on the pair until it break above 1.2850 trendline.
It may move toward 1.2785 as long as it is below the support.


USDCHF: the pair reached target at 0.9930 area according to our yesterday’s analysis. It may fall further down to 0.9870.


USDJPY: the pair is still struggling with 109.20 area and it may fall. Not trading on the pair is the best case scenario for now.


USDCAD: the pair reached target at 1.3267 as we said earlier. Today it may move toward 1.3300 area.


AUDUSD: the pair fell down to 0.6800 before rebounding. The falling may continue.


NZDUSD: the pair started to rise before getting into a correction according to the news related to NZD. It may continue the rise up to 0.6450 area.


Crude oil: oil may reach target at 58.20 today.


Dow jones: it rose after falling from 27570 area.
Today it may move toward 27850 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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