News & Research

12 September 2018

powered by Land Prime

• 
• EURUSD

 

As could be seen on the daily chart that the pair formed a head and shoulders pattern. The second shoulder is being formed. Once it is formed, we will wait for the pair to break the neck-line of the pattern. It will be confirmed with a daily close above the neck-line. In case the neck-line is broken, it is expected that the pair might continue going up to reach the level of 1.1850.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.21 ▪ 1.1850 ▪ 1.1780	▪ 1.15 ▪ 1.1450 ▪ 1.14	Waiting for the pair to break the neck-line of the head and shoulders pattern.

• 
• GBPUSD

 

The daily chart shows that the pair is traded below a strong resistance that is the downtrend line. In case the pair shows up some bearish evidence below it, we can go short targeting the level of 1.28 during the week. This is conditioned by the continuation of trading below the downtrend line. 

 

Resistance levels:	Support levels:	Recommended:
▪ 1.36 ▪ 1.35 ▪ 1.31	▪  ▪ 1.2650 ▪ 1.2550	We are bearish as long as the pair is traded below the down trend line.

• 
• GOLD

 

As could be seen on the daily chart that the pair is traded below the downtrend line shown on the chart in blue. 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. 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

 

As could be seen on the daily chart that the pair is on its way to the level of 0.7050. In case the pair shows up some bullish evidence above it, we can go long targeting the level of 0.7350 during the week. This is conditioned by the continuation of trading above the level of 0.7050.

 

Resistance levels:	Support levels:	Recommended:
▪ 0.7550 ▪ 0.7600 ▪ 0.7260	▪ 0.7160 ▪ 0.71 ▪	We are bullish as long as the pair is traded above the level of 0.7050.

• 
• 
• GBPJPY

 

The pair is traded within a descending channel. Just right below the upside of the pattern. In case the pair shows up some bearish evidence below it, we can go short targeting the level of 143 followed by 142 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 156 ▪ 155 ▪ 146	▪ -- ▪ -- ▪ 140	We are bearish as long as the pair is traded below the upside of the pattern.

 

 

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.