Daily analysis of EUR/USD for July 29, 2016

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Overview

Gold price is testing the EMA50 remaining stable above it, while stochastic begins to provide positive signals on the four hours time frame. This supports the continuation of our bullish overview in the upcoming period, waiting to target 1,375.00 mainly followed by heading towards 1,400.00 as a next main target. Holding above 1,312.00 and 1,297.75 levels represent key condition to the continuation of the expected rise, as breaking them will push the price to test 1,249.75 areas before any new attempt to rise. The expected trading range for today is between 1,320.00 support and 1,370.00 resistance.

The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of GBP/JPY for July 29, 2016

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Overview

The GBPJPY price repeated its attempts to test the main support located at 135.50 keeping positive stability. The awaited bullish attack to attempt to settle at 142.30 is likely to unfold. The first target is located at 140.00. You should be aware that any sudden negative pressure might force the price to break the current support and return to the negative track by settling within the bearish channel's levels. The expected trading range for today is between 135.50 and 140.00.

The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of Gold for July 29, 2016

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Overview

The gold price settles above the EMA50 and above the bullish trend line keeping the bullish trend active for the upcoming period. Stochastic' attempts to get rid of its negativity and gain positive momentum on the intraday time frames support the chances of rise continuation on the intraday and short-term bases. Therefore, we believe that the way is open to head towards our main targets that begin at 1,375.00 and extend to 1,400.00; holding above 1,312.00 and 1,297.75 levels represents the key condition to achieve the suggested targets.

The expected trading range for today is between the 1,320.00 support and the 1,370.00 resistance.

The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of Silver for July 29, 2016

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Overview

The silver price showed some slight negative trades this morning testing the EMA50. Stochastic managed to gain positive momentum on intraday time frames supporting the chances of bouncing bullishly and resuming the expected bullish trend on the intraday and short-term bases. Therefore, we are waiting for positive trading in the upcoming sessions; targets will begin at the previously recorded top at 21.12 followed by an attempt to head towards 22.00. It is important to hold above 19.35 levels to continue the expected bullish bias. The expected trading range for today is between the 19.70 support and the 21.12 resistance.

The material has been provided by InstaForex Company - www.instaforex.com