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Land Prime analyst Shadi Abdo

  • Member of The Egyptian Society of Technical Analyst
  • Head of Education department, Market Strategist, Chief Technical Analyst of Global Leading Forex Brokerage companies
  • Trained over 5000 professional trainers more than 10 years
  • BSc in Economics from Mansoura University

21 February 2017

powered by Land Prime

From Australia we are waiting for the monetary policy meeting minutes then RBA Lowe speaks. From the UK we have the inflation report (hearings) then from ND comes the GDT price index report. 

AUD 
Monetary Policy Meeting Minutes
RBA Gov Lowe Speaks
GBP
Inflation Report Hearings
NZD
GDT Price Index
  • EURUSD

We have a strong key level around 1.0674 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.0522 during the day.

Resistance levels: Support levels: Recommended:
▪ 1.0674
▪--
▪ --		 ▪ 1.0522
▪-1.0500
▪ --		 We remain bearish as long as the pair is traded below the level of 1.0674
  • GBPUSD

The pair is traded above a strong support level around 1.2470 so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1.2650 during the day. If the pair breaks through the level of 1.2470 then the way would be open for the pair to reach the level of 1.2400.

Resistance levels: Support levels: Recommended:
▪ 1.2670
▪-1.2700
▪ --		 ▪ 1.2470
▪ 1.2400
▪ --		 We remain bullish as long as the pair is traded above the level of 1.2470
  • GOLD

As could be seen on the chart that the pair is traded above a strong support level around 1222 so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1238 during the day. On the other hand, breaching the level of 1222 opens the door for the pair to reach the level of 1210 during the day.

Resistance levels: Support levels: Recommended:
▪ 1242
▪ 1240
▪ 1.238		 ▪ 1222
▪ 1210
▪ --		 We remain bearish as long as the pair is traded below the level of 1222.
  • AUDUSD

The pair is going to be traded near to very strong resistance levels around 0.7700 – 0.7730 so if the pair shows some negative factors below them, we may go short targeting the level of 0.7600 during the day.

Resistance levels: Support levels: Recommended:
▪ 0.7700
▪0.7730
▪--		 ▪ 0.7600
▪0.7530
▪ --		 We remain bullish as long as the pair is traded below the level of 0.7730
  • GBPJPY

will the level of 140.75 hold? This is what we need to witness today that in case the level of the 140.75 holds then a pullback is expected during the day. On the other hand, breaching the level of 140.75 opens the door for the pair to reach at least the level of 140.

Resistance levels: Support levels: Recommended:
▪ 144
▪ 143
▪ --

▪ 141
▪ 140.75
▪ --

 Will the level of 140.75 hold?