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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

27 September 2019

powered by Land-FX

US Durable Goods Orders: Friday, 12:30. Orders of durable goods reflect investment — and this is fresh data for August — contrary to the somewhat stale data for the second quarter published in the previous day. Headline orders are expected to drop by 1.1% in August after a jump of 2% in July. Core orders, which tend to have a more substantial impact, are projected to rise by 0.2% after falling by 0.4%.

US Core PCE Price Index: Friday, 12:30. The Federal Reserve’s preferred gauge of inflation is the Core Personal Consumption Expenditure (Core PCE). Despite an increase in the parallel Core CPI, this measure is expected to remain unchanged at 1.6% in August. Month on month, the Core PCE is expected to rise by 0.2% once again. CPI and PCE use different methodologies.

 

 

USD
US Durable Goods Orders
US Core PCE Price Index

  • EURUSD

 

Update: Our target has been hit. As could be seen on the chart above that the pair is traded below a strong resistance level that is the downtrend line. But we are in the middle so we better wait for the pair to reach the downtrend line or the support level of 1.0930

 

Resistance levels: Support levels: Recommended:
 1.1242
1.1180
▪ 1.1065
▪ -
 -
 1.0930

We are bearish as long as the pair is traded below the downtrend line

  • GBPUSD

 

Update: Our target has been hit. The chart above shows that the pair is traded below a strong resistance level that is 1.2550. Therefore, we are bullish as long as the pair is traded below it. Our first target is 1.2300. Conditioned by the continuation of trading below the level of 1.2550

 

Resistance levels: Support levels: Recommended:
▪ 1.36
 1.3310
▪ 1.2550
 -
 -
 1.2300

We are bearish as long as the pair is traded below the level of 1.2550

  • GOLD

 

Update: Our target has been hit. As could be seen on the chart above that the pair is traded below a strong resistance level that is 1527. So, we are bearish 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 bearish as long as the pair is traded below the level of 1515 – 1505.

  • AUDUSD

 

Update: No bullish evidence has shown up. As could be seen on the chart above that the pair is traded above a strong support level that is 0.6750. 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

 

Update: Our first target has been hit. The chart above shows that the pair is traded below a strong resistance level that is 136 Therefore, we are bearish as long as the pair is traded below it. Our first target is 133 – 132.

 

Resistance levels: Support levels: Recommended:
135
 136
 136.50

 132
131
 130

We are bullish.


 

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