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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

04 April 2019

powered by Land-FX

ECB Meeting Minutes: Thursday, 11:30. The European Central Bank went further and faster than expected in its March meeting, pushing back on raising rates to 2020 at least and announcing new funding for banks. The meeting minutes will reveal how bad the situation is in the eyes of the Frankfurt-based institution.

 

 

EUR
ECB Meeting Minutes

  • EURUSD

 

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 1.1175. Therefore, we will be waiting for some bullish evidence to show up then we can go long targeting the level of 1.1250 – 1.1300 during the week.

 

Resistance levels: Support levels: Recommended:
 1.21
1.1850
▪ 1.18
▪ -
 1.1217
 1.1150

We are bullish as long as the pair is traded above the level of 1.1175.

  • GBPUSD

 

Update: No changes, still waiting for the pair to reach the resistance area. The chart above shows that the pair is heading towards the resistance level of 1.32 – 1.33 which is where we can look for some bearish evidence to go short to target the level of 1.29.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
 1.3310
▪ 1.33
 1.29
 1.27
 1.26

We are bearish as long as the pair is traded below the level of 1.33.

  • GOLD

 

Update: Still traded above the support level. The chart above shows that the pair is traded above a strong support level that is 1282 so we will be looking for some bullish evidence to show up then we can go long targeting the level of 1300 during the week. On the other hand, breaching the level of 1282 can open the door for further downward movement during the week.

 

Resistance levels: Support levels: Recommended:
 1350
 1365
 1298
 1180
 1170
Waiting for the pair to confirm its next movement.

  • AUDUSD

 

Update: We remain the same. As we can see on the chart above that the pair is traded above a strong support level that is 0.70. So we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 0.74 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: We remain the same. The chart above shows that the pair is still traded above a strong support level that is 143.70. Therefore, we can go long targeting the level of 144 during the week. This is conditioned by the continuation of trading above the mentioned above level.

 

Resistance levels: Support levels: Recommended:
156
 155
 149

 140
139
 138

Nothing to be done for now.


 

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