News & Research

12 February 2019

powered by Land Prime

• 
• EURUSD

 

The daily timeframe shows that the pair is traded above a strong support level that is 1.1217. Therefore, we are bullish as long as the pair is traded above this level. Our first target is: 1.15.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.21 ▪ 1.1850 ▪ 1.18	▪ - ▪ 1.1217 ▪ 1.10	We are bullish as long as the pair is traded above the level of 1.1217

• 
• GBPUSD

 

We are not able to find any place where we can enter the market. So, we will be waiting for the pair to reach the support level of 1.2730 – 1.27 (where we can look for some bullish evidence).

 

Resistance levels:	Support levels:	Recommended:
▪ 1.36 ▪ 1.33 ▪ 1.32	▪ 1.2730 ▪ 1.27 ▪ 1.26	Waiting for the pair to reach the area located between 1.2730 – 1.27.

• 
• GOLD

 

As could be seen on the 4 hour-chart that the pair is traded within a descending channel and to be accurate, just right below the upside of the channel which suggests that the pair might go down targeting the level of 1298 during the week.

 

Resistance levels:	Support levels:	Recommended:
▪ 1330 ▪ 1310	▪ 1298 ▪ 1180 ▪ 1170	We are bearish as long as the pair is traded below the upside of the channel.

• 
• 
• AUDUSD

 

As could be seen on the daily timeframe that the pair is traded above a strong support level that is 0.70 so we are bullish as long as the pair is traded above it. Our first target is: 0.73.

 

Resistance levels:	Support levels:	Recommended:
▪ 0.7550 ▪ 0.7600 ▪ 0.7260	▪ 0.7000 ▪ - ▪ -	We are bullish as long as the pair is traded above the level of 0.70.

• 
• 
• GBPJPY

 

As could be seen on the daily timeframe that the pair is forming a head and shoulders pattern. The 2^nd shoulder is being formed so we will be waiting for the pair to confirm the validity of the pattern by the breakout of the neck-line.

 

Resistance levels:	Support levels:	Recommended:
▪ 156 ▪ 155 ▪ 144	▪ 140 ▪ 139 ▪ 138	Waiting for the breakout of the neck-line.

 

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.