News & Research

29 August 2018

powered by Land Prime

• 
• EURUSD

 

Update: The pair remains quiet. As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.1780 – 1.1850 so we will be waiting for the pair to reach these levels then in case it shows up some bearish evidence, we can go short targeting the level of 1.1618 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.21 ▪ 1.1850 ▪ 1.1780	▪ 1.1618 ▪ 1.16 ▪ 1.1250	Waiting for the pair to reach the resistance levels of 1.1780 – 1.1850

• 
• GBPUSD

 

Update: Still traded below the resistance level of 1.30. As could be seen on the daily time frame that the pair is traded below a strong resistance level that is 1.30 so we will keep an eye on it that in case it shows up some bearish evidence we can go short targeting the level of 1.27 during the week. This is conditioned by the continuation of trading below the level of 1.30.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.36 ▪ 1.35 ▪ 1.30	▪  ▪ 1.27 ▪ 1.2550	We are bearish as long as the pair is traded below the level of 1.30.

• 
• GOLD

 

Update: Still traded below the level of $1220. The daily timeframe shows that the pair is traded below a strong resistance level (1220). So, we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1200 followed by 1190 during the week. This is conditioned by the continuation of trading below the level of 1220.

 

Resistance levels:	Support levels:	Recommended:
▪ 1330 ▪ 1320 ▪ 1220	▪ 1200 ▪ 1190 ▪ 1180	We are bearish as long as the pair is traded below the level of 1220.

• 
• 
• AUDUSD

 

Update: Still traded below the downtrend line. As could be seen on the daily chart that the pair is traded below a 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. The expected road map is as follows: We would wait for the pair to reach the downtrend line, then it should show up some bearish evidence, in case this happens, we can go short from there targeting the level of 0.72 during the week. Conditioned by the continuation of trading below the downtrend line.

 

Resistance levels:	Support levels:	Recommended:
▪ 0.7550 ▪ 0.7600 ▪ 0.7480	▪ 0.7160 ▪ 0.71 ▪	We are bearish as long as the pair is traded below the downtrend line.

• 
• 
• GBPJPY

 

Update: We remain the same. As we mentioned before that the pair has been traded within a descending channel that we can see on the daily chart. Now the price is in the middle of the channel so the chances are: we would wait for the pair to reach either the upside of the channel (where we can go short) or the downside again (where we can go long.

 

Resistance levels:	Support levels:	Recommended:
▪ 156 ▪ 155 ▪ 146	▪ -- ▪ -- ▪ 140	Waiting for the pair to reach one of the levels mentioned in the report.

 

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