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Market Research & Info

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

22 January 2019

powered by Land-FX

UK jobs report Tuesday, 9:30. While Brexit grabs the headlines, the economy is still of interest and could move the pound at least temporarily. With a low unemployment rate at 4.1%, the focus remains on wage growth. A repeat of the robust annual increase of 3.3% is expected for November. The Claimant Count Change, or jobless claims, is a more up-to-date number for December and carries expectations for an increase of 20.1K after 21.9K last time.

 

New Zealand inflation: Tuesday, 21:45. The small South-Pacific nation releases inflation data only once per quarter, making every publication matter. After a jump of 0.9% in Q3, the last quarter of 2018 is projected to be flat: 0%. This could increase calls for a rate cut.

 

GBP
UK jobs report

NZD
New Zealand inflation

  • EURUSD

 

As could be seen on the daily time frame that the pair is about to reach a strong support level that is 1.13 to 1.1250. In case the pair shows up some bullish evidence above this area, we can go long targeting the level of 1.15 during the week. This is conditioned by the continuation of trading above the level of 1.13.

 

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

We are bullish as long as the pair is traded above the level of 1.1250.

  • GBPUSD

 

Having the pair traded above a strong support level that is 1.2550 means that the pair might continue going up to reach the level of 1.30 followed by 1.33 during the week.

 

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

 

The 4-hour 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 this level. Our first target is 1297. This is conditioned by the continuation of trading above the level of 1276.

 

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

 

The daily timeframe shows that the pair is about to reach a strong support level that is 0.70. In case the pair reaches this level and shows up some bullish evidence, we can go long targeting the level of 0.71 followed by 0.72 during the week.

 

Resistance levels: Support levels: Recommended:

▪ 0.7550
0.7600
▪ 0.
7260

▪ 0.7000
-
▪ -

We are bullish as long as the pair is traded above the level of 0.70.

  • GBPJPY

 

There is no clear area where we can enter the market for now. So, it is better to wait for the pair to reach the level of 141.34 which is where we can look for some bearish evidence in order to go short.

 

Resistance levels: Support levels: Recommended:
156
 155
 141.34

 136
135
 134

Waiting for the pair to reach the level of 141.34

 

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