News & Research

08 August 2018

powered by Land Prime

• 
• EURUSD

 

Update: Today's candle is Doji which is a reversal candle. This supports our negative scenario. As we can see on the daily chart that the pair managed to breakthrough the downside of the symmetrical triangle shown on that chart. This is considered to be a bearish signal but it is not the time to go short yet. We still have a strong support level at 1.1515 so after this level is broken, we can go short targeting the level of 1.14 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.21 ▪ 1.20 ▪ --	▪ 1.1515 ▪ 1.14 ▪ 1.135	Waiting for the pair to break the level of 1.1515

• 
• 
• GBPUSD

 

Update: Waiting for the pair to show up some evidence above the support levels.. As we can see on the daily chart that the pair is traded below a broken uptrend line and it may continue going down to reach the level of 1.29 during the week. Depending on the evidence that will show up there, we can decide what should be done at that time.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.36 ▪ 1.35 ▪ 1.34	▪  ▪ 1.29 ▪ 1.28	Waiting for the pair to show up some evidence above the level of 1.29.

• 
• GOLD

 

Update: Still traded below the downtrend line. As could be seen on the four hours timeframe that the pair is traded below a strong resistance level that is the downtrend line shown on the chart in red. As a result of the consistent trading below it, the pair might continue going down to reach the level of 1200 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 1330 ▪ 1320 ▪ 1235	▪ -- ▪ -- ▪ 1200	We are bearish as long as the pair is traded below the level of 1235

• 
• 
• AUDUSD

 

Update: The pair is very close to the resistance level of 0.7480 so we will have to wait for some bearish evidence. The daily timeframe shows that the pair is ranging between two strong levels: The support level of 0.7324 and the resistance level of 0.7480 so if the pair shows up bearish evidence below the resistance level, we can go short targeting the level of 0.7324 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 0.7550 ▪ 0.7600 ▪ 0.7480	▪ 0.7324 ▪ 0.7100 ▪	We are bearish as long as the pair is traded below the level of 0.7480.

• 
• 
• GBPJPY

 

Update: The pair is about to reach the support levels mentioned in the report. As could be seen on the daily chart that the pair is traded above a strong support level that is 143 so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 146 during the week. This is conditioned by the continuation of trading above the level of 143.

 

Resistance levels:	Support levels:	Recommended:
▪ 156 ▪ 155 ▪ 146	▪ -- ▪ -- ▪ 143	We are bullish as long as the pair is traded above the level of 143.

 

Disclaimer: The information contained in this publication is produced by Land Prime and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land Prime current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land Prime. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.