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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

06 February 2019

powered by Land-FX

New Zealand jobs report Wednesday, 21:45. New Zealand publishes its employment report only once per quarter, making a substantial splash on each publication. The third quarter of 2018 was excellent, with an increase of 1.1% in overall employment and a drop in the unemployment rate to 3.9%. A more modest increase in employment is likely this time: 0.3% is projected. A jobless rate of 4.1% is on the cards.

 

 

NZD
New Zealand jobs report

  • EURUSD

 

Update: We remain the same. As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.1535 so we believe that the pair might continue going down in case it shows up some bearish evidence below the level of 1.1535. Our first target is: 1.13.

 

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

We are bearish as long as the pair is traded below the level of 1.1535

  • GBPUSD

 

Update: We remain the same. As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.32. Therefore, we are bearish as long as the pair is traded below the resistance level of 1.32. Our first target: 1.27.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
 1.33
▪ 1.32
 1.2550
 1.2370
 1.23

We are bearish as long as the pair is traded below the level of 1.32.

  • GOLD

 

Update: Still traded above the support level of 1308. As could be seen on the 4 hours chart that the pair is traded above a strong support level that is 1308 so we are bullish as long as the pair is traded above it. Our first target is: 1330

 

Resistance levels: Support levels: Recommended:
 1330
 1310
 1298
 1180
 1170

We are bullish as long as the pair is traded above the level of 1308.

  • AUDUSD

 

Update: Let us keep an eye on the level of 0.70, in case the pair shows up some bullish evidence above it, we can go long again. The daily timeframe shows that the pair is traded above 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

 

Update: On its way to its targets. The daily timeframe shows that there is a strong crossover that was formed by the downtrend line (in red) and the up trendline (in blue). This makes a very strong resistance level. Therefore, we will be waiting for the pair to reach this area, then we can go short targeting the level of 141 followed by 140 during the week.

 

Resistance levels: Support levels: Recommended:
156
 155
 141.34

 136
135
 134

Waiting for the pair to reach the crossover area.

 

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