03 October 2019
powered by Land Prime
UK Services PMI: Thursday, 8:30. Markit’s series of three PMIs culminates with the publication for the services sector – Britain’s largest. Contrary to the manufacturing and construction sectors, services continued enjoying growth in August. The PMI stood at 50.6 points – in growth territory. A drop below the 50-point threshold cannot be ruled out now.
US ISM Non-Manufacturing PMI: Thursday, 14:00. Contrary to the manufacturing sector, services have been shining in the US as well. ISM’s gauge surprised with 56.4 points in August. A similar figure is on the cards now.
USD
US ISM Non-Manufacturing PMI
GBP
UK Services PMI
- EURUSD
The weekly target was hit at 1.0838. The pair is above to reach a new strong resistance level that is the downtrend line shown on the chart in red. Let us wait until the pair reaches this level, then we can enter the market (go short).
Resistance levels: |
Support levels: |
Recommended: |
▪ 1.1242 ▪ 1.1180 ▪ 1.1000 |
▪ - ▪ - ▪ 1.0838 |
We are bearish as long as the pair is traded below the downtrend line.
|
- GBPUSD
The pair broke through a strong resistance level that is 1.23 therefore it might continue going upwards that is might reach the level of 1.25.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1.36 ▪ 1.3310 ▪ 1.2550 |
▪ - ▪ - ▪ 1.2150 |
We are bullish as long as the pair is traded above the level of 1.23
|
- GOLD
The pair went upwards again to be traded above the level of 1490. Therefore, it might continue going upwards that it might reach the level of 1530 during the week.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1550 ▪ 1540 |
▪ 1450 ▪ 1430 ▪ 1425 |
We are bullish as long as the pair is traded above the level of 1490. |
- AUDUSD
Update: On its way to its final target. As could be seen on the chart above that the pair is traded above a strong support level that is 0.6680. We can go long in case the pair shows up some bullish evidence above this level. Our first target is: 0.6900
Resistance levels: |
Support levels: |
Recommended: |
▪ 0.7550 ▪ 0.7600 ▪ 0.7000
|
▪ 0.6680 ▪ 0.6650 ▪ -
|
We are bullish.
|
- GBPJPY
Update: We remain the same. The chart above shows that the pair is about to reach a strong support level that is 131 Therefore, we are bearish. Our first target is 130.77.
Resistance levels: |
Support levels: |
Recommended: |
▪ 135 ▪ 136 ▪ 136.50 |
▪ 132 ▪ 131 ▪ 130
|
We are bullish.
|
Disclaimer: The information contained in this publication is produced by Land Prime and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land Prime current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land Prime. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.