02 January 2019

powered by Land-FX

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• EURUSD

Update: A very bearish candle has showed up which supports our scenario. The pair has reached the downtrend line shown on the chart in blue. We do not find any bearish evidence that can push the price downward. So, we will be waiting for some bearish evidence to show up below the downtrend line so we can go short.

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• GBPUSD

Update: As could be seen that we find a bearish candle below the downtrend line, we remain bearish.The daily timeframe shows that the pair is traded below a downtrend line shown on the chart in red. We will be waiting for some bearish evidence to show up below the downtrend line so we can go short.

• 
• GOLD

Update: The resistance level is broken which opens the door for further upward movements during the week that it may reach the level of 1295. The pair is traded below a strong resistance level that is 1285 so we will be waiting for some bearish evidence to show up below this level, then we can go short targeting the level of 1250 during the week.

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• 
• AUDUSD

Update: Still traded above the support level of 0.70. As could be seen on the daily chart that the pair is traded above a strong support level that is 0.70 so we will be waiting for some bullish evidence to show up above this level, then we can go long targeting the level of 0.71 followed by 0.73 during the week.

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• 
• GBPJPY

Update: The level of 140 is broken and the way is open for the pair to reach the support level of 136. The pair is traded above a strong support level that is 140 so we will be waiting for some bullish evidence to show up above this level to confirm that the pair will reverse.

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