News & Research

15 June 2018

powered by Land Prime

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• EURUSD

 

Update: We remain the same. The daily timeframe shows that the pair is traded above a strong uptrend line (in red) and the price may continue going down to reach the uptrend line. In case the pair reaches the uptrend line and shows up some bullish evidence, we can go long targeting the level of 1.19 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.21 ▪ 1.20 ▪ --	▪ 1.17 ▪ 1.1650 ▪ 1.1600	We are bullish as long as the pair is traded above the uptrend line.

• 
• 
• GBPUSD

 

Update: We remain the same. As we can see on the daily chart that the pair is traded above an uptrend line (in red). If the pair continues to go down to reach it, then if it shows up some bullish evidence, we can go long targeting the level of 1.36 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.36 ▪ 1.35 ▪ 1.34	▪ 1.3200 ▪ 1.3150 ▪ 1.3000	We are bullish as long as the pair is traded above the up trendline.

• 
• GOLD

 

Update: The pair reached the uptrend line. Having the pair traded above the uptrend line, opens the door for further upward movements during the week that it may reach the level of 1300 followed by 1310. This is conditioned by the continuation of trading above the uptrend line along with the level of 1270.

 

Resistance levels:	Support levels:	Recommended:
▪ 1330 ▪ 1320 ▪ --	▪ 1280 ▪ 1275 ▪ 1270	We are bullish as long as the pair is traded above the level of 1270

• 
• 
• AUDUSD

 

Update: We remain the uptrend line. Having the pair traded above the uptrend line, opens the door for further upward movements during the week that it may reach the level of 0.77 followed by 0.78.

 

Resistance levels:	Support levels:	Recommended:
▪ 0.7550 ▪ 0.7600 ▪ --	▪ 0.7370 ▪ 0.7300 ▪	We are bullish as long as the pair is traded above the uptrend line.

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• 
• GBPJPY

 

Update: We remain the same. As we can see on the daily timeframe that the pair has formed a symmetrical triangle and the downside of the pattern has been broken. So, we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 145 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 156 ▪ 155 ▪ 150.50	▪ 144 ▪ 144 ▪ 143	We are bearish as long as the pair is traded below the downside of the pattern.

 

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