News & Research

08 October 2021

powered by Land-FX

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• EURUSD

 

Update: We remain bearish. As could be seen on the chart above that the pair is trading below a strong resistance level that is the 1.1665. Therefore, we are bearish as long as the pair is trading below it with targets: 1.1500 followed by 1.1450. On the other hand, if the resistance level of 1.1665 is broken, the pair might continue going upwards to reach 1.1760 followed by 1.1900.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.1900 ▪ 1.1760 ▪ 1.1665	▪ 1.1500 ▪ 1.1450 ▪ 1.1400	We are bearish as long as the pair is trading below 1.1665.

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• GBPUSD

 

Update: We remain bearish. As could be seen on the chart above that the pair is trading above a strong support level that is 1.3570. Therefore, we are bullish as long as the pair is trading above it with targets: 1.3740 followed by 1.3900. On the other hand, if the level of 1.3570 is broken, the pair could be heading towards 1.3500 followed by 1.3450.

 

Resistance levels:	Support levels:	Recommended:
▪ 1.3977 ▪ 1.3900 ▪ 1.3740	▪ 1.3570 ▪ 1.3500 ▪ 1.3450	We are bullish as long as the pair is trading above 1.3570.

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• GOLD

 

Update: The pair is still trading below the resistance level. The chart above shows that the pair is trading below a strong resistance level that is 1777. Therefore, we are bearish as long as the pair is trading below it with targets: 1748 followed by 1720. On the other hand, if the level of 1777 is broken, the pair might continue going upwards to reach 1800 followed by 1850.

 

Resistance levels:	Support levels:	Recommended:
▪ 1850 ▪ 1800 ▪ 1777	▪ 1748 ▪ 1720 ▪ 1700	We are bearish as long as the pair is trading below 1777.

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• AUDUSD

Update: On its way to its target. The chart above shows that the pair is trading above 0.7100. Therefore, we are bullish as long as the pair is trading above it with targets: 0.7400 followed by 0..7450 On the other hand, if the level of 0.7100 is broken, the pair might continue going downwards to reach 0.7050 followed by 0.7000.

 

Resistance levels:	Support levels:	Recommended:
▪ 0.7500 ▪ 0.7450 ▪ 0.7400	▪ 0.7100 ▪ 0.7050 ▪ 0.7000	We are bullish as long as the pair is trading above 0.7100.

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• GBPJPY

 

Update: We remain bearish. The chart above shows that the pair is trading below a strong resistance level that is 153.40. Therefore, we are bearish as long as the pair is trading below it with targets: 151 followed by 150.50. On the other hand, if the level of 153.40 is broken, the pair might continue going upwards to reach 154 followed by 154.40.

 

Resistance levels:	Support levels:	Recommended:
▪ 154.50 ▪ 154.00 ▪ 153.40	▪ 151.00 ▪ 150.050 ▪ 149.00	We are bearish as long as the pair is trading below 153.40.

 

 

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