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

17 September 2019

powered by Land Prime

German ZEW Economic Sentiment: Tuesday, 9:00. The institute’s early release of its survey of around 300 investors and analysts has been on a free-fall in recent months. It hit a low of -44.1 points in August — reflecting substantial pessimism. Economists expect a minor increase to -38 points, still pointing an outright recession in the continent’s largest economy.

 

EUR
German ZEW Economic Sentiment

  • EURUSD

 

The chart above shows that the pair is traded below a strong resistance level that is the downtrend line. Therefore, we will be waiting for some bearish evidence below this level then we can go short targeting the level of 1.0950.

 

Resistance levels: Support levels: Recommended:
 1.1242
1.1180
▪ 1.1065
▪ -
 -
 1.0950

We are bearish as long as the pair is traded below the level of 1.1065.

  • GBPUSD

 

The chart above shows that the pair is traded above a strong support level that is 1.2350. Therefore, we are bullish as long as the pair is traded above it. Our first target is 1.2250. Conditioned by the continuation of trading above the level of 1.2350.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
 1.3310
▪ 1.2550
 -
 -
 1.20

We are bullish as long as the pair is traded above the level of 1.2380.

  • GOLD

 

As could be seen on the chart above that the pair is traded above a strong support level that is the uptrend line. So, we are bullish as long as the pair is traded above it. Our first target is 1510.

 

Resistance levels: Support levels: Recommended:
 1550
 1540
 1490
 1260
 1265
We are bullish as long as the pair is traded above the uptrend line.

  • AUDUSD

 

As could be seen on the chart above that the pair is traded above a strong support level that is 0.6820. We can go long in case the pair shows up some bullish evidence above this level. Our first target is: 0.6900.

 

Resistance levels: Support levels: Recommended:

▪ 0.7550
0.7600
▪ 0.
7000

▪ 0.6680
0.6650
▪ -

We are bullish.

  • GBPJPY

 

The chart above shows that the pair is traded above a strong support level that is 131. Therefore, we are bullish as long as the pair is traded above it. Our first target is 135.

 

Resistance levels: Support levels: Recommended:
135
 136
 136.50

 132
131
 130

We are bullish.


 

Disclaimer: The information contained in this publication is produced by Land Prime and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land Prime current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land Prime. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.