en_US

News & Research

Market Research & Info

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

28 February 2018

powered by Land Prime

 

 

Euro-zone inflation: Wednesday, 10:00. The final figures for January showed that headline inflation slipped to 1.3% y/y in January. Another drop is on the cards now, to 1.2%. Core inflation is projected to remain steady at 1% also here, in the first release for February. Any deviation from these numbers could shake the euro. The ECB’s single needle in the compass is inflation.

US GDP: Wednesday, 13:30. The first release of US GDP for Q4 2017 fell short of expectations, with 2.6%, coming after 3%+ annualized growth rates in Q2 and Q3. The second release is expected to show a downgrade to 2.5%.

EUR

Euro-zone inflation

USD

US GDP

  • EURUSD

 

Update: Still traded above the level of 1.21 but today's session can be bearish. As could be seen on the daily chart that the pair is traded above a strong support level that is 1.21. Therefore, we are bullish as long as the pair is traded above it that it may reach the level of 1.25 during the week.

 

Resistance levels: Support levels: Recommended:
 1.2530
▪ --
▪ --
▪ 1.21
 1.1600
 1.1550

We are long as long as the pair is traded above the level of 1.21.

  • GBPUSD

 

Update: Still traded above the EMA (50/D). As could be seen on the daily chart that the pair is traded right above a strong support level that is the EMA of 50 (D). So, we are bullish as long as the pair is traded above it that it may reach the level of 1.41 followed by 1.42 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 1.4200
 1.4100
 --
▪ 1.3800
 1.3700
 1.3600

We are bullish as long as the pair is traded above the level EMA/50/D..

  • GOLD

 

Update: The breakout of the level of 1320 is not confirmed yet so today's trading session is very important to confirm it. As could be seen on the daily chart that the pair is traded above a strong support level that is 1320. So, we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1350 during the week.

 

Resistance levels: Support levels: Recommended:
 1350
 --
 --
 1310
 1300
 1290

We remain bullish as long as the pair is traded above the level of 1320.

  • AUDUSD

 

Update: the pair is continuing bearish as expected. As could be seen on the daily chart that the pair is traded below a strong resistance level that could be found at 0.79. So, we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 0.7700 during the week. On the other hand, breaching the level of 0.79 can open the door for further upward movement during the week.

 

Resistance levels: Support levels: Recommended:

▪ 0.8000
0.7900
▪ --

▪ 0.7700
▪ 0.7600
▪ 0.7500

We are bearish as long as the pair is traded below the level of 0.7900.

  • GBPJPY

 

Update: Today's trading session will confirm the breakout of the downside of the pattern because the price is traded below it now but we need a daily close to confirm it. As could be seen on the char above that the pair is traded within an ascending channel. It is traded right above the downside of the channel so we can go long targeting the level of 152 during the week. On the other hand, breaching the downside of the ascending channel can open the door for further downward movement during the week.

 

Resistance levels: Support levels: Recommended:
156
 155

148
 147

We remain bullish as long as the pair is traded above the downside of the pattern.


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.