News & Research

02  August 2017

powered by Land Prime

• 
• 
• EURUSD

Update: the pair is still traded above the level of 1.1774 so we remain the same. As could be seen on the chart above that the pair is traded right above a strong support level that could be found around the level of 1.1774 so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1.1800 followed by 1.1900. On the other hand, breaching the level of 1.1774 would open the door for further downward movements during the week that the pair may reach the level of 1.1500.

• 
• 
• GBPUSD

Update: the pair is still traded above the level of 1.3125. As could be seen on the chart above that the pair is traded right above a strong support level that could be found around 1.3125. So, we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1.3300.

• 
• GOLD

Update: the pair is still traded above the level of 1265 so we remain the same. The pair is traded above a strong support level that could be found around the level of 1265. We believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1280 followed by 1290. This is conditioned by the continuation of trading above the level of 1265.

• 
• 
• AUDUSD

Update: the pair is still traded below the level of 0.8000 so we remain the same. The pair successfully managed to reach the level of 0.8000. So, we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 0.7900 followed by 0.7800. This is conditioned by the continuation of trading below the level of 0.8000.

• 
• 
• GBPJPY

Update: We remain the same. The level of 148 remains solid and we also have a strong support level that is the uptrend line shown on the chart in red. The pair may continue going down to reach the uptrend line, then a pullback is expected if it shows some positive factors to reach again the level of 148.