Market Notes


In U.K. Election, the Conservative Party has won the most seats however Teresa May have failed to win an overall majority. After political turmoil, the GBPUSD pair dipped sharply to the 1.2685 key support level. If the pair breaks below 1.2685, the next support level will be at 1.2580. On the oth...

09 Jun 17 (Fri)

08:13 am

Gold price showed a profit taking action and dropped to the major support level of 1273 yesterday. However, as long as the price sustains above 1273 on a daily basis, the pullbacks may be limited. At this point, we will follow 1286 and 1294 again as resistance levels. On the other hand, if the pr...

09 Jun 17 (Fri)

07:59 am

Gold price showed a profit taking action yesterday and it is now trading above the 1286 support level. If the price rises above 1286, we will watch resistance levels at 1294 and 1304 again. On the other hand, if the price falls below 1286, the next support level will be at 1273. However, as long...

08 Jun 17 (Thu)

07:49 am

The USDJPY currency showed an upward move yesterday but it could not retain the value and pullbacked below 109.75 again. If the pair remains stable below the 109.75 key resistance level, the bearish action may accelerate and we will face 108.90 and 107.90 as support levels. On the other hand, if...

08 Jun 17 (Thu)

07:11 am

All eyes will be on General Election in U.K. today. we may see some fluctuation in market. The GBPUSD pair is moving up towards the 1.2985 resistance level. In the event that the price rises above 1.2985, the next resistance level will be at 1.3050. On the other hand, if the pair shows a downward...

08 Jun 17 (Thu)

07:06 am

Ahead of the ECB monetary policy announcement and Governor Draghi’s statements, the EURUSD is trading above the main support level of 1.1220. In the event that the positive view continues behind the Euro, we will watch resistance levels at 1.1295 and 1.1365. On the other hand, if the price...

08 Jun 17 (Thu)

06:43 am

The EURTRY currency found buyers from the 3.9442 support level intraday and it is moving up towards 3.9900. In order for the bullish action to accelerate, it needs to go beyond 3.9900 and remain above that level. At this point, the next resistance level will be at 4.0674. Otherwise, we will face...

07 Jun 17 (Wed)

02:28 pm

In Turkey, CPI inflation was the main market mover of this week on Monday. CPI was released for May 11.72% which was better than expected for Turkey in y-o-y terms. Moreover, the USDTRY currency is testing the 3.5280 support level. As long as the pair sustains above that level, we think the dolla...

07 Jun 17 (Wed)

02:26 pm

Ahead of the Crude oil stocks data, the U.S. Oil price is trading just below the 48.15 key support level. As long as the price sustains below 48.15, the upward move may be limited and we will face 47.15 and 46.60 as support levels. On the other hand, if the price goes beyond 48.15, the next resis...

07 Jun 17 (Wed)

10:37 am

Gold has continued to rise for five weeks and it is trading just below the 1294 resistance level. In order for the bullish action to accelerate, it needs to go beyond 1294 and remain above that level. At this point, the next resistance level will be at 1304. Otherwise, we will face again support...

07 Jun 17 (Wed)

09:47 am

The selling pressure has continued in the USDJPY currency and it is trading just below the 109.75 resistance level. If the pair remains stable below 109.75, the bearish action may accelerate and we will face 108.90 and 107.90 as support levels. On the other hand, if the price rises above 109.75 a...

07 Jun 17 (Wed)

09:34 am

The positive view is still behind the EURUSD pair. In the event that the rise continues, we will watch resistance levels at 1.1295 and 1.1365. On the other hand, if the price shows a downward move, we will face 1.1220 and 1.1160 as support levels. However, as long as the price sustains above 1.12...

07 Jun 17 (Wed)

09:28 am

The GBPUSD pair is trading above the 1.2860 major support level. As long as the pair sustains above that level, the upward move may gain momentum. In this case, we will watch the 1.2985 resistance level. On the other hand, if the pair breaks down the 1.2860 support level we will face the 1.2775 s...

07 Jun 17 (Wed)

09:12 am

The NZDUSD pair has been increasing since May. If this move continues we will watch the 0.7181 and 0.7236 resistance levels. But as long as it trades below 0.7236 resistance level, the upward move will be limited. In this case we will face 0.7109 support level. Support : 0.7109 -

06 Jun 17 (Tue)

09:20 am

The GBPUSD pair is trading above 1.2860 major support level. As long as it trades above that level, we will watch the 1.2985 as resistance level. On the other hand, if the pair be able to break down the 1.2860 support level, we will face 1.2775 and 1.2685 as support levels. Support :

06 Jun 17 (Tue)

09:17 am

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