Market Analysis Friday 28th of June

1.5 Percent Loss?

Hang Seng Index ended strengthened Follow Asian Stock More

Hong Kong stock exchange yesterday ended the day Thursday. Strengthening sufficiently constant movement distinction exchange trading condition Thursday remembering yesterday covered by positive sentiment coming from a majority of strengthening Asian bourses and U.S. stock exchange yesterday. Investors also quite passionate in doing the action and purchase of shares, especially banking stocks and fares.

Technically, the index on the trading session today, Friday (28/06) have the opportunity to strengthen, test positive trend. On the H1 chart bullish hammer formation provides an opportunity for the index to move upside. However, the volume tends to increase, as well as an early indication bulish index. In addition, RSI, on the H1 chart, selling in saturated areas, signal upside.

Partly, the index test prior resistance level that is 21 481 and 22155. If failed in the 20549, the estimated index tend to test further back level Support ie 19 877 and the possibility of being extended to 19 202 in the area.

Consumer sentiment shore Euro Rebound

Yielding euro rebounded against the U.S. Dollar concomitant improvement in economic confidence the 17-nation bloc that transcends economists predicted. Executive and consumer sentiment index rose to 91.3 in June from 89.5 in May, according to the European Commission in Brussels, the better-than-estimated 90.4. Euro also benefited by U.S. data, which tends to erode the reduction speculation the Federal Reserve’s monetary stimulus in the near future.

Technically, today’s trading session on Friday (28/06), the pair euro dollar opportunity to move in a positive trend.

Strengthening of the Euro, especially predicted back soon test resistance at 1.3205 ie the minimum and maximum of 1.3328. And as, if the Euro is not able to break below 1.3036 and then endure another alternative scenario ie the Euro had the opportunity to test Support at 1.2896 and 1.2773 area.

Gold Closes Down By 1.5 Percent Loss

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday (Friday morning hrs), extending the decline to 34-month low, as U.S. economic data exceed analyst estimates, scraping metal attractiveness as a store of value.

Technically, gold trading session today on Friday (28/03) potentially bearish, test returned negative trend, but prone to reversal. RSI indicators tend to re-test Support channel oversold area and heading, but Bollinger Bands are beginning to widen, thus providing the impetus for gold for upside.

Chance of gold price immediately prior to test Support at least in the area of ​​re-test 1139.10 and 1106.72 maximum level. But if the price of gold is able to break above 1191.50 and defending the gold price estimated potential test resistance ie 1227.15 and 1261.93.