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Market Analysis

November 18, 2020

18-Nov-2020

1) EUR/USD: Ascending Channel Favours Bullish Traders Amid COVID-19 Vaccine Hopes
2) GBP/USD: Bulls Seem Non-Committed Despite Brexit Optimism
3) XAU/USD: Gold Bears Remain Hopeful Below 21-DMA Amid Covid Fears
November 17, 2020

17-Nov-2020

1) EUR/USD Holds Steady Above 1.1850 On Coronavirus Vaccine Hopes
2) GBP/USD: Boris Reins In The Bulls With Tough Brexit Stance, A Buy Opportunity?
3) XAU/USD: Gold Volatile Within Range Below $1900 Amid Vaccine Optimism
November 13, 2020

13-Nov-2020

1) EUR/USD: Euro Has Three Reasons To rising Despite Dark Covid Clouds
2) GBP/USD: Cable Extends Pullback On Political And EU/UK Talks News
3) XAU/USD: Gold Stuck Between $1890-$1850, Awaits A Range Breakout
November 12, 2020

12-Nov-2020

1) EUR/USD: Could Possibly Slide Back To 100-DMA, Around 1.1700 Mark
2) Global Equities Take A Breather Following Massive Vaccine-Related Moves
3) XAU/USD: Gold Faces A Double Whammy, $1850 Support At Risk?
November 11, 2020

11-Nov-2020

1) GBP/USD: Bulls In Control Near Two-Month Tops Amid Hopes For A Brexit Trade Deal
2) EUR/USD: Recent Positive Move Might Have Already Run Out Of The Steam
3)  XAU/USD: Gold Bulls Losing Conviction While Below $1900
November 10, 2020

10-Nov-2020

1) Dollar Pares Initial Losses and Ends Higher On Rising US Yields
2) XAU/USD: Gold Defends Critical $1850 Support, Not Out Of The Woods Yet
3) EUR/USD: Possible False Breakout Setup Warrants Caution for Bulls
4) GBP/USD: Brexit Trade Deal Hopes Favour Bulls, Sustained Move Beyond 1.3200 Awaited
November 9, 2020

09-Nov-2020

1) Dollar Falls Broadly Due To Risk-On Sentiment Despite U.S. Election Uncertainty
2) EUR/USD: Breakout Occurs On Biden’s Victory, 1.2000 Is The Next Relevant Bullish Target
3) GBP/USD: Brexit Updates, Bailey's Speech Awaited For Fresh Bullish Impetus
4) XAU/USD: Gold Remains Poised For Additional Gains, $1973 In Sight
November 6, 2020

06-Nov-2020

1) The US Payrolls Will Take Center Stage Today
2) EUR/USD: Bulls Turn Cautious Near 1.1860-70 Supply Zone, Focus On US Politics/NFP
3) GBP/USD: Move Beyond 1.3160-70 Supply Zone To Set The Stage For Additional Gains
November 5, 2020

05-Nov-2020

1) GBP/USD Remains Capped Below 1.3000 Mark Post-BoE
2) XAU/USD:  Technicals, US Election Limbo Favor XAU/USD Ahead Of FOMC
3) EUR/USD: US Election-Led Volatility Subsides, Risk-On Mood Remains Supportive

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