Trading news

Daily Analysis 31/07/2014

EURUSD

The U.S. Dollar’s recent rally came to a halt despite unexpectedly upbeat GDP data after the Federal Reserve Bank signaled a dovish bias in its policy statement.Today market focus in in German Unemployment Change, Unemployment Rate, in Euro zone Consumer Price index, Unemployment Rate, in U.S Challanger Job Cuts, Employment cost index, Intial Jobless Claims, Continuning Jobless Claims, Chicago Purchasing Manager’s index datas. Yesterday EURUSD pair fell down to 1.3366 level with selling pressure. Today EURUSD pair moving on the 1.3390 level. If in this day 1.3350 level supported can be forced 1.34- 1.3415 resistance levels. Over breaking 1.3415 resistance level can be targeted 1.3475- 1.35 resistance levels. Today if 1.3350 support level breaks can be forced 1.3295 support level. Under breaking 1.3294 support level can be seen 1.32- 1.3145 support levels with selling pressure.

GBPUSD

Yesterday GBPUSD pair fell down to 1.6888 level with selling pressure. Today cable moving on the 1.6910 level. If in this day 1.6900 level supported can be forced 1.6960 resistance level. Over breaking 1.6960 resistance level can be seen 1.7015-1.7060 resistance levels. If 1.7060 resistance level breaks can be targeted 1.7115 resistance level. Today if 1.69 support level breaks can be forced 1.6860 support level. Under breaking 1.6860 support level can be seen 1.6800-1.6760 support levels with selling pressure. If 1.6760 support level breaks can be targeted 1.6690 level on the 200 days EMA.

GOLD

Yesterday gold price after the U.S datas fell down to 1291 dolar level with thin selling pressure. Today gold price again moving on the 1292 dolar level. If in this day 1290 dolar level supported reaction buying can be forced 1305-1315 resistance  levels Over breaking 1315 resistance level can be seen 1325-1330 resistance levels under the upward trend area. 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. 



Thursday, 31 Jul, 2014 / 8:16

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

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