28 December 2018

powered by Land-FX

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• EURUSD

Update: The candle of today seems to be a reversal pattern so the close of today will confirm the kind of the candle + The pair just touched the downtrend line. The daily chart shows that the pair has reached the downtrend line shown on the chart in blue. The pair also has showed up some bearish evidence, so we can go short targeting the level of 1.13 followed by 1.1220 during the week. This will be conditioned by the continuation of trading below the downtrend line.

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• GBPUSD

Update: The candle of today is a little bullish and also the pair is still traded below the resistance level of 1.28. As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.28 so we are bearish as long as the pair is traded below this level. First target is: 1.2550.

• 
• GOLD

Update: The pair showed respect to the level of 1280 as it is still traded below it. The pair is traded in an uptrend as could be seen on the four-hour-chart. The pair also has reached a strong resistance level that could be found at 1280. So, if the pair shows up some bearish evidence below this level, we can go short targeting the level of 1250 during the week. This is conditioned by the continuation of trading below the resistance level of 1280.

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• 
• AUDUSD

Update: No changes. The pair is still traded above the level of 0.7030. The pair has reached a strong support level that could be found at 0.7030 so we will be waiting for some bullish evidence to show up so we can go long targeting the level of 0.73. This is conditioned by the continuation of trading above the level of 0.7030.

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• 
• GBPJPY

Update: No changes. The pair is still traded above the support level of 140. The pair has reached a strong support level that is 140 so we will be waiting for the pair to confirm if it will break through this level or not. So, let’s wait to see what will happen…

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