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Daily Analysis 23/07/2014

GKFX

EURUSD

Asia is mixed today even the WallStreet closed the day on the green side. Sydney is at 2014’s high and Tokyo is flat. Concerns related Ukraine plane crash is getting relaxed while Gazze Strip tragedia remains. US stopped fights to Tel Aviv temporarily. S&P yesterday broke a brend new record. Risk apetite is rising in emerging markets due to the positive CPI figure in US. In june European Commision’s consumer confidence weakened unexpectedly from -7.1% to -7.5%. The EURUSD is trading around 8 months low after yesterdays donwards pressure against all other major curriens.Today market focus in UK Bank of England Minutes, BOE MPC Vote Cut, BOE’s Governor Carney speech, in Euro zone Consumer Confidence, in U.S MBA Mortgage Applications, in Japan Merchandise Trade Balance Total datas. Yesterday EURUSD pair fell down to 1.3458 level with selling pressure. Today EURUSD pair moving on the 1.3465 level.If in this day 1.3450 level supported reaction buying can be forced 1.3500 resistance level. Over breaking 1.3500 resistance level can be seen 1.3550- 1.3615 resistance levels under the 200 days EMA area.If 1.3615 resistance level breaks can be targeted 1.3685 resistance level. Today if 1.3450 support level breaks can be forced 1.3385 support level. Under breaking 1.3385 support level can be seen 1.3300- 1.3250 support levels with selling pressure.

GBPUSD

Today in UK side Banak of England Minutes, BOE’s Governor Carney speech, BOE MPC Vote Cut, BOE MPC Vote Unchanged datas will be released. Yesterday GBPUSD pair forced 1.7040 level on the middle upward trend channel. Today cable moving on the 1.7064 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

Yesterday gold price forced 1301 dolar level with thin selling pressure. Today gold price again moving on the 1305 level. If in this day 1305 level supported can be forced 1310-1315 resistance levels. Over breaking 1315 resistance level can be seen 1325-1335 resistance levels. If 1335 resistance level can be targeted 1355 level. Today if 1305 support level breaks can be forced 1295-1285 support levels. Under breaking 1285 support level can be seen 1275-1265 support levels. If 1265 support level breaks can be targeted 1240 support level with selling pressure.

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