Good morning, wish you have trading day full of energy and efficiency! Let's continue to comment, market comment on the new day - 19/11.
Fixed-day news is no strong news in any currency. But also to remind you, the days of no strong news recently are always the days with the highest fluctuations in the week. You pay attention.
Brief analysis of gold trends and some currency pairs on the H4 timeframe
XAU / USD
At the last trading session last week, gold had a strong gaining session. Looking at the daily frame, we can see that momentum has come back. However, currently on the H4 frame prices are stopping at the lower channel, so the probability is that prices will adjust to the same support below before continuing the uptrend.
USD / JPY
Regardless of the bullish signal pinning on Thursday, the USDJPY session has had a very strong fall. Growth on H4 was broken and this morning prices continue to create down-gap. View for today will be sold out, at the gap or wait for the pullback on the resistance.
EUR / USD
In the past week, except for the first week of decline, EURUSD has held up momentum throughout the rest days. The pullback last week was very impressive but now prices are stopping at the down channel. Wait for a sell signal at the current price or if you want to be more safe than wait for the price to cross the channel and go up resistance.
GBP / USD
After a sharp fall on Thursday as two British ministers resigned, the weekend GBP has recovered a bit. We should continue to sell in the short-term downside structure, the sell zone is the upper resistance zone.
USD / CAD
After the USDCAD throwback, it is now stopping at the nice confluence, the candlestick pattern has also appeared, you can continue to buy in the structure increased. However, we can not exclude the price going back further to retest the down trend line on the daily frame.
AUD / USD
AUDUSD broke through the resistance at the end of the US session, but this morning to create a down-gap so brothers should wait to buy support at the lower area instead of the current price.