Balita at Pananaliksik

19 June 2018

powered by Land Prime

• 
• EURUSD

 

As we can see on the daily time frame that the bias remains bullish. As we stated last week that the pair has been traded above an uptrend line which opens the door for further upward movement during the week with targets at: 1.18 and 1.20 in extension. 

 

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

 

The pair managed to move through the uptrend line shown on the chart in red. The breakout is not confirmed yet so we will be waiting for the pair to confirm the breakout of the uptrend line. Breaching the uptrend line can open the door for further downward movement during the week with targets at: 1.31 and 1.30 in extension.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.36 ▪ 1.35 ▪ 1.34	▪  ▪ 1.3150 ▪ 1.3000	Waiting for the pair to confirm the breakout of the uptrend line.

• 
• GOLD

 

As could be seen on the daily chart that the pair is traded above the uptrend line shown on the chart in red. The continuation of trading above the uptrend line opens the door for further upward movement during the week. An alternative scenario that is also expected: If the pair managed to breach the uptrend line, then the way would be open for the pair to reach the level of 1260 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 1330 ▪ 1320 ▪ --	▪  ▪ 1275 ▪ 1270	We are bullish as long as the pair is traded above the uptrend line.

• 
• 
• AUDUSD

 

As could be seen on the weekly chart that the pair is still traded above the uptrend line shown on the chart in red. This supports the bullish scenario with targets at: 0.74 followed by 0.76. An alternative scenario: If the uptrend line is breached with a weekly close, this would be very bearish for the pair that it may slide down to the level of 0.71.

 

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.

• 
• 
• GBPJPY

 

As we mentioned last week that the pair would continue going down to reach the level of 144 as a result of the breakout to the downside of the symmetrical triangle that targets the level of 140 (as a final target). The pair is to very close to the level of 144 (80 pips remain). So, the pair may continue going down to reach the level of 144 and there we can look for some evidence whether to go short or long.

 

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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