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

10 January 2019

powered by Land Prime

ECB Meeting Minutes: Thursday, 12:30. The European Central Bank concluded 2018 by ending the QE program, as expected. ECB President Mario Draghi was slightly cautious in his comments about the economy, expressing concern about protectionism but maintaining the expectations for a rate hike in 2019. The minutes will provide further detail.

Powell talks Thursday, 17:00. The Fed Chair will speak up once again, this time in Washington DC. He will have the chance to clarify the Fed’s intentions. Will he reiterate the patient approach of the Fed to inflation? What will he say about the Quantitative Tightening policy? Markets will be listening carefully.

 

 

USD
Powell talks

EUR
ECB Meeting Minutes

  • EURUSD

 

Update: The pair is still traded below the level of 0.236 Fibo. The pair managed to break the downtrend line that is shown on the chart in blue. The pair is now facing a strong resistance level that is 0.236 Fibo. We will be waiting for the pair to break the Fibo level to confirm the breakout of the downtrend line.

 

Resistance levels: Support levels: Recommended:
▪ 1.21
▪ 1.1850
▪ 1.18		 ▪ -
▪ 1.1217
▪ 1.10

Waiting for the pair to confirm the breakout of the downtrend line.
  • GBPUSD

 

Update: We remain the same. As could be seen on the daily chart that the pair is traded above a strong support level that is 1.2550. Therefore, we are bullish as long as the pair is traded above it. Our first target is: 1.30.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
▪ 1.3350
▪ 1.29		 ▪ 1.2550
▪ 1.2370
▪ 1.23

We are bullish as long as the pair is traded above the level of 1.2550.

  • GOLD

 

Update: Still traded above the support level of 1276. The daily timeframe shows that the pair is traded above a strong support level that is 1276 so we are bullish as long as the pair is traded above it, our first target is 1300. On the other hand, if the pair breaks the level of 1276, then we can go short targeting the level of 1265.

 

Resistance levels: Support levels: Recommended:
▪ 1330
▪ 1280		 ▪ -
▪ 1180
▪ 1170

We are bullish as long as the pair is traded above the level of 1276.

  • AUDUSD

 

Update: Still traded above the level of 0.73. The pair is traded above a strong support level that is 0.70 so we are bullish as long as the pair is traded above it. Our first target is: 0.73.

 

Resistance levels: Support levels: Recommended:

▪ 0.7550
▪ 0.7600
▪ 0.7260

▪ 0.7000
▪ -
▪ -

Waiting for some bullish evidence to show up above the level of 0.70
  • GBPJPY

 

Update: Still traded below the level of 140. As could be seen on the daily chart that the pair is traded below a strong resistance level that is 140. So, we are bearish as long as the pair is traded below it. Our first target is: 136.

 

Resistance levels: Support levels: Recommended:
▪ 156
▪ 155
▪ 140

▪ 136
▪ 135
▪ 134

We are bearish as long as the pair is traded below the level of 140.

 

 

 

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