News & Research

25 September 2018

powered by Land Prime

• 
• EURUSD

 

As could be seen on the daily timeframe that the pair is still traded above the neckline of the head and shoulders patter shown on the chart above. Having the pair traded above the neckline opens the door for further upward movement during the week that it may reach the level of 1.1850. Breaking the resistance level of 1.1850 opens the door for further upward movement during the week that it may reach the level of 1.20.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.21 ▪ 1.1850 ▪ 1.18	▪ 1.15 ▪ 1.1450 ▪ 1.14	We are bullish as long as the pair is traded above the neckline.

• 
• GBPUSD

 

Having the pair traded below the resistance level of 1.33 is considered to be a bearish factor which can help the USD to gain value against the GBP. We also have a bearish engulfing pattern (bearish) that supports the negative scenario.  Therefore, we are bearish as long as the pair is traded below the level of 1.33. First target: 1.29.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.36 ▪ 1.3350 ▪ 1.33	▪  ▪ 1.2650 ▪ 1.2550	We are bearish as long as the pair is traded below the level of 1.33.

• 
• GOLD

 

As could be seen on the 4 hours chart that the pair is traded below a strong resistance level of 1218 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1190 during the week. This is conditioned by the continuation of trading below the level of 1218.

 

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 traded below a strong resistance level that is the down trendline shown on the chart in blue. Therefore, we are bearish as long as the pair is traded below the trendline. Our first target is 0.7160. On the other hand, if the downtrend line along with the resistance level of 0.7315 is broken, we can go long targeting the level of 0.74 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 0.7550 ▪ 0.7600 ▪ 0.7260	▪ 0.7160 ▪ 0.71 ▪	Waiting for the pair to reach the downtrend line.

• 
• 
• GBPJPY

 

As could be seen on the chart above that the pair is traded below a strong resistance level that is 149.30 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 146 during the week. This is conditioned by the continuation of trading below the level of 149.30.

 

Resistance levels:	Support levels:	Recommended:
▪ 156 ▪ 155 ▪ 149	▪ -- ▪ 145 ▪ 140	We are bearish as long as the pair is traded below the level of 149.30.

 

 

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