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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

29 May 2018

powered by Land Prime

US CB Consumer Confidence: Tuesday, 14:00. The Conference Board’s measure of consumer sentiment remained at high ground back in April, with a score of 128.7. After the University of Michigan’s survey for May remained stable, the CB figure is also likely to hold onto current levels. A score of 128.2 is on the cards.

USD
US CB Consumer Confidence

  • EURUSD

 

As could be seen on the daily chart that the pair is traded above a strong support level that is the uptrend line. So, in case the pair shows up some bullish evidence, we can go long targeting the level of 1.18 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 1.21
▪ 1.20
▪ --		 ▪ 1.17
▪ 1.1650
▪ 1.1600

We are bullish as long as the pair is traded above the uptrend line.

  • GBPUSD

 

As could be seen on the daily chart that the pair may continue going down to reach the uptrend line. The uptrend line is where we can go long targeting the level of 1.33 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
▪ 1.35
▪ 1.34		 ▪ 1.3200
▪ 1.3150
▪ 1.3000

We are bullish as long as the pair is traded above the up trendline.

  • GOLD

 

As could be seen on the chart above that the pair managed to break through a strong support level that could be found at 1300. So, we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1275 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 1330
▪ 1320
▪ --		 ▪ 1280
▪ 1275
▪ 1270

We are bearish as long as the pair is traded below the level of 1300.

  • AUDUSD

 

As could be seen on the daily chart that the pair is traded in nowhere to enter the market which means that we will have to wait for the pair to reach the uptrend line where we can go long.

 

Resistance levels: Support levels: Recommended:

▪ 0.7550
▪ 0.7600
▪ --

 ▪ 0.7370
▪ 0.7300
▪ 

Waiting for the pair to reach the up trendline.

  • GBPJPY

 

As could be seen on the chart above that the pair is traded above a strong support level that could be found at 144.50 so in case this level is broken, we can go short targeting the level of 144 followed by 142 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 156
▪ 155
▪ 150.50

▪ 144.50
▪ 144
▪ 143

Bearish as long as the pair is traded above the level of 144.50

 

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