23 October 2019

Nothing important for today

 

 

 

  • EURUSD

Update: We remain the same. The chart above shows that the pair is about to reach a strong resistance level that is the downtrend line. In case the pair reaches this level and shows up bearish evidence, we can go short targeting the level of 1.1060 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 1.1200
▪ 1.1180
▪ 1.1150
▪ –
▪ –
▪ 1.1060
We are bearish as long as the pair is traded below the downtrend line.
  • GBPUSD

Update: Still traded above the broken downtrend line. Last week, the pair managed to break a strong downtrend line. Therefore, we are bullish as long as the pair is traded above the broken level. Out first target is 1.30

 

Resistance levels: Support levels: Recommended:
▪ 1.36
▪ 1.3310
▪ 1.30
▪ –
▪ –
▪ 1.2760
We are bullish as long as the pair is traded above broken downtrend line.
  • GOLD

Update: Still traded below the upside of the channel. The pair is still traded within a bearish channel that is shown on the chart above. We are bearish as long as the pair is traded below the upside. Our first target is 1478 followed by 1467.

 

Resistance levels: Support levels: Recommended:
▪ 1550
▪ 1515
▪ 1478
▪ 1430
▪ 1425
We are bearish as long as the pair is traded below the upside
  • AUDUSD

Update: Still waiting for the pair to show up bearish evidence below the downtrend line. The pair is about to reach a strong resistance level that is the down trendline shown on the chart in red. In case the pair reaches the downtrend, line and shows up some bearish evidence below it, we can go short targeting the level of 0.6740.

 

Resistance levels: Support levels: Recommended:
▪ 0.7550
▪ 0.7600
▪ 0.7000
▪ 0.6680
▪ 0.6650
▪ –
We are bearish as long as the pair is traded below the down trend line.
  • GBPJPY

Update: We remain the same. The pair managed to break through a strong resistance level that is the downtrend line. Therefore, we are bullish as long as the pair is traded above it. Our first target is: 143.70.

 

Resistance levels: Support levels: Recommended:
▪ 142
▪ 141
▪ 140
▪ 132
▪ 131
▪ 130
We are bullish as long as the pair is traded above the broken downtrend line.

 

Disclaimer: The information contained in this publication is produced by Land-FX and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land-FX 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-FX. 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.