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Daily Analysis 25/07/2014

EURUSD

Today market focus in Euro zone M3 Money Supply, in German IFO Business Climate, Current Assessment, IFO Expectations,in UK Gross Domestic Product, in U.S Durable Goods Order datas. Yesterday EURUSD pair  forced 1.3437 level with thin selling pressure. Today EURUSD pair moving on the 1.3466 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 Gross Domestic Product, Index of Services datas will be released. Yesterday GBPUSD pair fell down to 1.6965 level with selling pressure. Today cable moving on the 1.6987 level..If in this day 1.6960 level supported can be forced 1.7015 resistance level under the uward trend area. Over breaking 1.7015 resistance level can be seen 1.7060-1.7115 resistance levels. Today if 1.6960 support level breaks  can be forced 1.69 support level. Under breaking 1.6900 support level can be seen 1.6860-1.68 support levels with selling pressure.

GOLD

Today U.S Durable Goods Orders data important for the gold price. Yesterday gold price fell down to 1287 dolar level with selling pressure. Today gold price moving on the 1292 dolar level with reaction buying. If in this day 1290 dolar level supported reaction buying can be forced 1305-1315 resistance  levels under the upward trend area. Over breaking 1315 resistance level can be seen 1325-1330 resistance levels. If 1330 resistance level breaks can be targeted 1345 resistance level. Today if 1290 support level breaks can be forced 1285 support level. Under breaking 1285 support level can be seen 1265-1240 support levels with selling pressure. 



 

Friday, 25 Jul, 2014 / 7:40

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

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