News & Research

21 August 2018

powered by Land Prime

• 
• EURUSD

 

As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.1520 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.1350 during the week. On the other hand, if the pair breaks the level of 1.1520, then this is considered to be a bullish sign that it might continue going up to reach the level of 1.1650 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.21 ▪ 1.20 ▪ 1.1520	▪ 1.1315 ▪ 1.13 ▪ 1.1250	We are bearish as long as the pair is traded below the level of 1.1520.

• 
• 
• GBPUSD

 

The pair is traded below the broken downside of the downward channel shown on the chart besides the resistance level of 1.29. We believe that as long as the pair is traded below them, it is highly recommended to go short targeting the level of 1.26 during the week. This is conditioned by the continuation of trading below the level of 1.29

 

Resistance levels:	Support levels:	Recommended:
▪ 1.36 ▪ 1.35 ▪ 1.29	▪  ▪ 1.26 ▪ 1.2550	We are bearish as long as the pair is traded below the level of 1.29.

• 
• GOLD

 

As could be seen on the 4hours chart that the pair is traded below a strong resistance level that is the downtrend line shown on the chart in blue. So, we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1180 during the week.

 

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

• 
• 
• AUDUSD

 

As could be seen on the daily chart that the pair managed to breakthrough a strong resistance level that is 0.73 so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 0.74 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 0.7550 ▪ 0.7600 ▪ 0.7480	▪ 0.7160 ▪ 0.71 ▪	We are BULLISH as long as the pair is traded above the level of 0.73.

• 
• 
• GBPJPY

 

As could be seen on the daily chart that the pair is traded within a downward channel. The pair now is traded right above the downside besides the level of 140 so if the pair shows up some bullish evidence, we can go long targeting the level of 143.

 

Resistance levels:	Support levels:	Recommended:
▪ 156 ▪ 155 ▪ 146	▪ -- ▪ -- ▪ 140	We are bullish as long as the pair is traded above the level of 140.

 

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