News & Research

13 December 2019

powered by Land Prime

• 
• EURUSD

 

Update: We remain the same. As could be seen on the chart above that the pair is traded below a strong resistance level that is the downtrend line shown on the chart in red. Therefore, we are bearish as long as the pair is traded below it. Our first target is: 1.0982

 

Resistance levels:	Support levels:	Recommended:
▪ 1.1500 ▪ 1.1400 ▪ 1.1300	▪ 1.0993 ▪ 1.0982 ▪ 1.0850	We are bearish as long as the pair is traded below the downtrend line.

• 
• GBPUSD

 

Update: The pair started going downwards. As could be seen on the chart above that the pair is traded below a strong resistance level that is 1.3300. Therefore, we are bearish as long as the pair is traded below it. Our first target is 1.3100

 

Resistance levels:	Support levels:	Recommended:
▪ 1.3400 ▪ 1.3350 ▪ 1.3300	▪ 1.3100 ▪ 1.2900 ▪ 1.2850	We are bearish as long as the pair is traded below 1.3300.

• 
• GOLD

 

Update: The pair has reached the expected levels. Waiting for bearish evidence. The chart above shows that the pair is traded within a bearish channel. We will be waiting for the pair to reach the resistance level of 1480 – 1483 which meets the upside of the channel. If the pair follows this scenario, we can go short targeting the level of 1447 (in case the pair shows up some bearish evidence).

 

Resistance levels:	Support levels:	Recommended:
▪ 1510 ▪ 1483	▪ 1470 ▪ 1465 ▪ 1455	We are bearish as long as the pair is traded below the upside of the bearish channel.

• 
• 
• AUDUSD

 

Update: The pair is about reaching the expected level. As could be seen on the chart above that the pair is traded below a strong resistance level that is the downtrend line. In case the pair shows up bearish evidence below it, we can go short targeting the level of 0.6730 followed by 0.6695. On the other hand, breaking the downtrend line to the upside, can open the door for further upward movements during the week that it might reach the level of 0.7000.

 

Resistance levels:	Support levels:	Recommended:
▪ 0.7123 ▪ 0.7050 ▪ 0.7000	▪ 0.6730 ▪ 0.6695 ▪ 0.6672	We are bearish as long as the pair is traded below the downtrend line.

• 
• 
• GBPJPY

 

Update: Waiting for bearish evidence to show up. The chart above shows that the pair is traded below a strong resistance level that is the downtrend line shown on the chart in red. Therefore, we are bearish as long as the pair is traded below it. Our first target is 138.

 

Resistance levels:	Support levels:	Recommended:
▪ 144.50 ▪ 144 ▪ 143.80	▪ 138.00 ▪ 137.50 ▪ 137.00	We are bearish as long as the pair is traded below the downtrend line.

 

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