Forex ngày 02/11

Good morning, wish you have trading day full of energy and efficiency! Let's continue to comment, market comment on the new day - 02/11.

You do not have to say too well the market the first day of the month, the US dollar has heavy weight compared to gold and most of the big money. And thanks to this, many brothers and sisters have been back to shore after days of tireless effort.

The first six days of the month and the biggest news are the American and Canadian Off-farm Newsletters at 7:30 pm today. Remember carefully.

Brief analysis of gold trends and some currency pairs on the H4 timeframe

XAU/USD

Yesterday we were inclined to sell and we had a hard face (hopefully you stop), the price went from one band to the other, broke the MA20 and then straight up the band, regain momentum after 3 sessions decreased continuously last month. View for today will be wait to buy at the lower barrier when the pullback price.

USD/JPY

The beginning of the month continued to be an unusual session of the yen as the USDJPY moved only slightly against the rest of the pair, especially the XAUUSD. Today we may re-test the trend line, and expect it to continue rising in the current direction.

EUR/USD

EU rebounded yesterday from a 3 month lows, it broke the MA20, then resistance, and the downward trend. However, the structure has not been broken. Now this area belongs to the brothers trading reversal rather than the following trend because obviously the engulfing structure on daily will dampen the sell order.

GBP/USD

In just two days, October 31 and November 11, the pound has regained more than half of what it had lost in the previous two weeks. And with such an increase in structural decline has completely broken, today if you have a transaction you should be inclined to buy. The buy zone is the support level below.

USD/CAD

The uptrend is still held in the UC pair, so it may be sideways until the evening news, expecting to rebound at the lower levels.

AUD/USD

AUDUSD is also relatively hard to trade today as prices are currently at the confluence of the big frame, but with strong momentum on the day, the sell out is quite risky, we should wait for more signal before when deciding.