News & Research

10 October 2017

powered by Land Prime

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• EURUSD

As could be seen on the chart above that the pair is traded below a strong resistance level that could be found at 1.1834 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.1660.

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• GBPUSD

The pair is about to reach a strong support level (our base) that is where we can go long so we will be waiting for the pair to reach the uptrend line shown on the chart in red then if it shows some positive factors we can go long targeting the level of 1.3300 during the week.

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• GOLD

The pair is traded above a strong support level that can be found at 1267 so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1290 followed by 1300 during the week. On the other hand, if the level of 1267 is breached then we can go short targeting the level of 1260 followed by 1250.

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• AUDUSD

The pair successfully managed to break through a strong support level 0.7800 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 0.7600 during the week.

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• GBPJPY

As could be seen on the weekly chart that the pair is traded above a strong support level that is the uptrend line so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 150 followed by 150 during the week.