Trading news

Daily Analysis 29/08/2014

EURUSD

Today market focus in Euro zone Consumer Price index, Unemployment Rate,in U.S Core Personal Consumption Expenditure, Persona income, Personal Spending, Chicago Purchasing Manager’sindex Michigan Consumer Sentiment index , in Canada Gross Domestic Product Annualized datas. Yesterday EURUSD pair forced 1.3159 level with thin selling pressure. Today EURUSD pair moving on the 1.3168 level. If in this day 1.3150 level supported reaction buying can be forced 1.3200 resistance level. Over breaking 1.3200 resistance level can be seen 1.3250-1.3315 resistance levels. Today if 1.3150 support level breaks can be forced 1.3100 support level. Under breaking 1.3100 support level can be seen 1.3050 – 1.3015 support levels with selling pressure.



GBPUSD

Today in UK side Total Business Investment data wiil be released. Yesterday GBPUSD pair forced 1.6612 level  with thin purchases. Today cable moving on the 1.6587 level. If in this day 1.6560 support level breaks can be forced 1.65 support levels. Under breaking 1.65 support level can be seen 1.6435-1.6390 support levels with selling pressure. If today 1.6560 level supported can be forced 1.6600 resistance level. Over breaking 1.6600 resistance level can be seen 1.6660-1.6715 resistance levels. If 1.6715 resistance level breaks can be targeted 1.6800 resistance level.



GOLD

Yesterday gold price forced 1296 dolar level with thin purchases. Today gold price moving on the 1288 level. If in this day 1285 dolar level supported can be forced 1295 resistance level. Over breaking 1295 resistance level can be seen 1305-1315 resistance levels. If 1315 resistance level breaks can be targeted 1325-1330 resistance levels. Today if 1285 support level breaks can be forced 1275 support level. Under breaking 1275 support level can be seen 1265-1255 support levels. If 1255 support level breaks can be targeted 1245-1235 resistance levels with selling pressure.



 

Friday, 29 Aug, 2014 / 7:50

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

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