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Market Research & Info

Land-FX 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

09 January 2018

powered by Land-FX

 

 

JOLTS Job Openings: Tuesday, 15:00. The number of job openings is eyed by the Fed, thus making it important despite the lag: we will now get the report for November, a few days after the jobs report for December. After showing 6 million annualized job openings in November, a small rise to 6.05 million is on the cards now

USD
JOLTS Job Openings

  • EURUSD

 

The pair is traded below a strong resistance level that is 1.2100 and it is on its way to reach the uptrend line shown on the chart in blue. So, we will be waiting for the pair to reach the uptrend line then after reaching it, we will need to keep an eye on the behavior of the price so in case it shows some positive factors above it, we can go long.

 

Resistance levels: Support levels: Recommended:
 1.2300
▪ 1.2200
▪ 1.2100
▪ 1.1670
 1.1600
 1.1550

Waiting for the pair to reach the uptrend line

  • GBPUSD

 

As could on the daily chart that the pair is traded below a strong resistance level that is 1.3650 in a range that is very tight so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.3400 during the week. This is conditioned by the continuation of trading below the level of 1.3650.

 

Resistance levels: Support levels: Recommended:
1.3650

▪ 1.3400
 1.3250
 1.3200

We remain bearish as long as the pair is traded below the level of 1.3650.

  • GOLD

 

As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1325 so we believe that in case this level is broken, we can go long targeting the level of 1330 followed by 1335 during the week.

 

Resistance levels: Support levels: Recommended:
 1340
 1330
 1320

 1250
 1240
 1210

We are bullish in case the level of 1325 is broken.

  • AUDUSD

 

There is a potential that the pair is forming a head and shoulders pattern. The 2nd shoulder is being formed as we can see so this may help the used to gain value against the and then a pullback is expected from there so the pair can reach the neckline of the pattern.

 

Resistance levels: Support levels: Recommended:

▪ 0.8100
0.8060
0.7810

 0.7740
 0.7500

Waiting for the pair to reach the level of 0.7737.

  • GBPJPY

 

As could be seen on the chart above that the pair is traded below a strong resistance level that is 153.37 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the 50 ema.

 

Resistance levels: Support levels: Recommended:
152.90
 152

148
 147

We remain bullish as long as the pair is traded above the 50 ema.

 

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