新闻和研究

市场研究和信息

市场研究和信息

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

29 January 2020

powered by Land-FX

Australian CPI: Wednesday, 00:30. The land down under releases inflation figures only once per quarter, making every publication substantial. Headline Consumer Price Index carries expectations of accelerating from 0.5%to 0.6% in the fourth quarter of 2019 while the Trimmed Mean CPI (core) is projected to repeat the rise of 0.4% that was seen in the third quarter. After the recent strong jobs statistics, the Reserve Bank of Australia will likely hold rates unchanged.

Fed decision: Wednesday, 19:00, press conference at 19:30. After three consecutive rate cuts, the world’s most powerful central bank signaled it would take a long pause. Since then, officials have reiterated this message, that rates are “appropriate.” Nevertheless, investors will scrutinize every word in the accompanying rate statement and that comes out of Jerome Powell, Chairman of the Federal Reserve. In the previous decision, Powell reaffirmed his stance that the bar for raising rates is higher than the one for cutting them. Inflation would first need to sustainably rise before the Fed would consider hiking borrowing costs. However, a deteriorating outlook could trigger a cut. Markets will be watching his words about this topic and also about the recent mediocre jobs report, the healthy growth rates, and lower trade tensions between China and the US. An upbeat tone could lift the dollar while a downbeat one could depress it.

 

 

AUD
Australian CPI

USD
Fed decision

  • EURUSD

 

As could be seen on the chart above that the pair is traded below a strong resistance level that is 1.1040. Therefore, we are bearish as long as the pair is traded below it. Our first target is 1.0990.

 

Resistance levels: Support levels: Recommended:
 1.1150
1.1100
▪ 1.1040
▪ 1.0990
 1.1950
 1.0900

We are bearish as long as the pair is traded below the level of 1.1040.

  • GBPUSD

 

The chart above shows that the pair is traded within a symmetrical triangle. If the downside is broken, we can go short targeting the level of 1.2850. On the other hand, if the upside is broken, we can go long targeting the level of 1.3250.

 

Resistance levels: Support levels: Recommended:
▪ 1.3400
 1.3350
▪ 1.3300
 1.2900
 1.3000
 1.2850

Waiting for the breakout for one of the levels mentioned in the report.

  • GOLD

 

The chart above shows that the pair is traded within a bullish channel. We will be waiting for the pair to reach the upside around 1587. In case it shows up bearish evidence below it, we can go short targeting the level of 1570.

 

Resistance levels: Support levels: Recommended:
 1590
 1587
 1570
 1565
 1560
We will be waiting for the pair to reach the upside around 1587

  • AUDUSD

 

The pair has reached a strong support area located between: 0.6750 to 0.6684. Therefore, we will be waiting for bullish evidence to show up there then we can go long targeting the level of 0.6920.

 

Resistance levels: Support levels: Recommended:

▪ 0.7123
0.6988
0.6820

▪ 0.6750
0.6684
▪ 0.6600

Waiting for bullish evidence to show up.

  • GBPJPY

 

The chart above shows that the pair is traded above a strong support level that is 141. Therefore, we are bullish as long as the pair is traded above it. Our first target is 143 followed by 144.

 

Resistance levels: Support levels: Recommended:
146.50
 146.00
 144.20

 141
140.50
 140.00

We are bullish as long as the pair is traded above 141


 

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