News & Research

09 October 2018

powered by Land Prime

• 
• EURUSD

 

The daily timeframe shows that the pair is traded below a strong resistance level that is the downtrend line. On the one hand, there is no close entry point to enter the market now so it would be better for us to wait for the pair to reach the downtrend line then in case is shows up some bearish evidence, we can go short targeting the level of 1.15 during the week. On the other hand, if the support level of 1.1460 is broken, we can go short targeting the level of 1.13 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.21 ▪ 1.1850 ▪ 1.18	▪ - ▪ 1.1450 ▪ 1.14	Waiting for the pair to confirm its next move.

• 
• GBPUSD

 

The daily timeframe shows that there is no place to enter the market now. We believe that it is better to wait for the pair to reach the resistance level of 1.33 which is where we can go short. So, let's wait and update the scenario as the pair moves.

 

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 chart above that the pair is traded above a strong support level (1180). Since we are in a downtrend, it would be better for us to wait for the pair to break the support level of 1180 so we can go short targeting the level of 1170 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 1330 ▪ 1320 ▪ 1220	▪ - ▪ 1180 ▪ 1170	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 0.7000.

 

Resistance levels:	Support levels:	Recommended:
▪ 0.7550 ▪ 0.7600 ▪ 0.7260	▪ 0.7000 ▪ - ▪ -	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 resistance 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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