Trading news

Daily Analysis 21/07/2014

EURUSD

Today market focus in U.S Chicago Fed National Activity index, 3 and 6 Month Bill Auction datas. Friday EURUSD pair forced 1.3490 level with thin selling pressure. Today EURUSD pair moving on the 1.3526 level. If in this day 1.35 level supported can be forced 1.3550 resistance level. Over breaking 1.3550 resistance level can be seen 1.36-1.3650 resistance levels. Today if 1.35 support level breaks can be forced 1.3475-1.3450 support levels. Under breaking 1.3450 support level can be targeted 1.3380 support level with selling pressure.



GBPUSD



Friday GBPUSD pair forced 1.7035 level with thin selling pressure. New week cable moving on the 1.7076 level. If in this day 1.7060 level supported can be forced 1.7115 resistance level. Over breaking 1.7115 level can be seen 1.7160-1.7190 resistance levels. If 1.7190 resistance level breaks can be targeted 1.7260 level. Today if 1.7060 support level breaks can be forced 1.7000 support level. Under breaking 1.7000 support level can be seen 1.6960- 1.69 support levels. If 1.6900 support level breaks can be targeted 1.6860 support level with selling pressure.

GOLD



Gold price dropped 0.9 percent at  1310 USD last friday. geopolitical risks still remain high. Ongoing political tension may introduce a marginal risk into the gold price in coming days. On the other end the dollar did pick up some safe-haven interest on Friday. Today gold price moving on the 1313 dolar level.  If in this day 1310 level supported can be forced again 1315-1325 resistance levels. Over breaking 1325 resistance level can be seen 1335-1345 resistance levels. If 1345 resistance level breaks can be targeted 1355-1365 resistance levels. Today if 1310 support level breaks pullback motion can be forced 1305-1295 support levels. Under breaking 1295 support level can be seen 1285-1275 support levels. If 1275 support level breaks can be targeted 1265 support level with selling pressure.

Monday, 21 Jul, 2014 / 11:46

Source : http://www.gkfx.com/EN/daily-analysis

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