20 November 2018

powered by Land-FX

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• EURUSD

As could be seen on the daily chart that the pair is traded below a strong resistance level that is the downtrend line. The pair formed a bearish engulfing pattern which is considered to be a bearish signal. In this case, we may go short targeting the level of 1.1250. This is conditioned by the continuation of trading below the downtrend line.

• 
• GBPUSD

As could be seen on the chart above that the pair is traded right above a strong support level that is 1.27 so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1.30 during the week. This is conditioned by the continuation of trading above the level of 1.27..

• 
• GOLD

The chart above shows that the pair is on its way to reach the resistance level of 1235 – 1240 so we will wait for the pair to reach or to be traded between these two levels then we can go short targeting the level of 1220 during the week. This is conditioned by the continuation of trading below the level of 1240.

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• 
• AUDUSD

As could be seen on the chart above that the pair is traded in nowhere to enter the market. So, we believe that we can wait for the pair to reach the strong support level of 0.7160 which is where we can go long targeting the level of 0.7350.

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• 
• GBPJPY

The chart above shows that the pair is about to reach a strong support level that is the uptrend line shown on the chart in blue. In case the pair shows up some bullish evidence above it, we can go long targeting the level of 146 during the week. This is conditioned by the continuation of trading above the uptrend line.

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