24 July 2019

Nothing important for today

 

 

 

  • EURUSD

The daily timeframe shows that the pair is about to reach a strong support level that could be found at 1.1118. In case the pair shows up some bullish evidence, we can go long targeting the level of 1.1217. This is conditioned by the continuation of trading above the level of 1.1118.

 

Resistance levels: Support levels: Recommended:
▪ 1.1500
▪ 1.1450
▪ —
▪ –
▪ –
▪ 1.1118
We are bullish as long as the pair is traded above the level of 1.1118.
  • GBPUSD

As could be seen on the chart above that the pair is traded below a strong resistance level that is 1.2550. In case the pair shows up some bearish evidence, we can go short targeting the level of 1.2350.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
▪ 1.3310
▪ 1.2550
▪ –
▪ 1.2350
▪ 1.23
We are bearish as long as the pair is traded below the level of 1.2550.
  • GOLD

As could be seen on the chart above that the pair is traded below a strong resistance level that is 1451. In case the pair shows up some bearish evidence below the mentioned above level, then we can go short targeting the level of 1390 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 1460
▪ 1451
▪ 1365
▪ 1260
▪ 1265
We are bearish as long as the pair is traded below the level of 1451.
  • AUDUSD

The chart above shows that the pair is traded within an ascending channel. The pair now is traded above the downside of the channel which can open the door for further upward movement during the week.

 

Resistance levels: Support levels: Recommended:
▪ 0.7550
▪ 0.7600
▪ 0.7000
▪ 0.6778
▪ 0.68
▪ –
Waiting for the pair to confirm its coming move.
  • GBPJPY

As could be seen on the chart above that the pair is traded above a strong support level that is 133.70 which is where we can look for some bullish evidence for an expected movement to the upside that is might reach the level of 135.

 

Resistance levels: Support levels: Recommended:
▪ 156
▪ 155
▪ 141
▪ 134
▪ 133
▪ 132
Waiting for some bullish evidence to show up.

 

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