News & Research

Market Research & Info

Land Prime analyst Luke

1 March 2024

powered by Land Prime

  • EURUSD

Update: The pair has formed a double top pattern and managed to break through the confirmation line. Thus, we are bearish as long as the pair is trading below it. On the other hand, a close above 1.0750 would push the pair further upwards towards 1.0911.

Resistance levels: Support levels: Recommended:
▪ 1.1100
▪ 1.1080
▪ 1.0910		 ▪ 1.0700
▪ 1.0650
▪ 1.0600

Bearish below 1.0911
  • GBPUSD

Update: The pair has been trading below a strong resistance level that is 1.2800. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2500 – 1.2400.

Resistance levels: Support levels: Recommended:
▪ 1.3000
▪ 1.2900
▪ 1.2800		 ▪ 1.2544
▪ 1.2500
▪ 1.2450

Bearish below 1.2800.
  • GOLD

Update: The H4 timeframe shows that the pair has been trading above a strong support level that is 2140. Therefore, we are bullish as long as the pair is trading above it with targets: 2200 – 2220.

Resistance levels: Support levels: Recommended:
▪ 2200
▪ 2180
▪ 2160		 ▪ 2140
▪ 2100
▪ 2000		 Bullish above 2140.

  • AUDUSD

Update: As could be seen on the chart above that the pair has been trading below a strong resistance that is 0.6600. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6500 – 0.6400.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6950
▪ 0.6700

▪ 0.6500
▪ 0.6400
▪ 0.6350

Bearish below 0.6600
  • GBPJPY

Update: The pair has been trading inside a bullish channel clearly seen on the daily timeframe. The upside of the channel represents a strong resistance level. Therefore, we are bearish as long as the pair is trading below it with targets: 188.80.

Resistance levels: Support levels: Recommended:
▪ 195.00
▪ 194.00
▪ 193.00

▪ 191.00
▪ 190.00
▪ 189.00

Bearish below the upside of the channel.

 

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