News & Research

21 February 2018

powered by Land Prime

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• EURUSD

Update: On its way to its first target. As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.2530. Therefore, we are bearish as long as the pair is traded below it that it may reach the level of 1.2250 during the week.

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• GBPUSD

Update: Waiting for the pair to reach the suggested levels. As could be seen on the daily chart that the pair is traded in nowhere to enter the market. So, we will be waiting for the pair to reach the level of 1.4270 (this is where we can go short) or 1.3770 (where we can go long). No trading is recommended till the pair reaches on of these levels.

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• GOLD

Update: First target was hit. Our 2^nd target is 1320 followed by 1310. As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1360. So, we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1330 during the week.

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• 
• AUDUSD

Update: The level of 0.7850 was broken so the way is open for the pair to reach the level of 0.7750. As could be seen on the daily chart that the pair is traded above a strong support level that could be found at 0.7850. So, we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 0.8000 during the week. On the other hand, breaching the level of 0.7850 can open the door for further downward movement during the week.

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• GBPJPY

Update: We remain the same. As could be seen on the char above that the pair is traded within an ascending channel. It is traded right above the downside of the channel so we can go long targeting the level of 152 during the week. On the other hand, breaching the downside of the ascending channel can open the door for further downward movement during the week.

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