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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

13 February 2020

powered by Land Prime

German Final CPI: Thursday: 7:00. The first-estimate for German CPI in the fourth quarter declined by 0.6% and the final release is expected to confirm this figure.

 

 

EUR
German Final CPI

  • EURUSD

 

Nothing can stop the Euro from going further downwards. The chart above shows that the pair might continue going downwards to hit 1.0800.

 

Resistance levels: Support levels: Recommended:
▪ 1.1150
▪ 1.1100
▪ 1.1090		 ▪ 1.0800
▪ 1.0750
▪ 1.0730

Strongly bearish
  • GBPUSD

 

The chart above shows that the pair is trading above a strong support level 1.2890. Therefore, we are bullish as long as the pair is traded above it. Our first target is 1.31.

 

Resistance levels: Support levels: Recommended:
▪ 1.3400
▪ 1.3350
▪ 1.3300		 ▪ 1.2890
▪ 1.2850
▪ 1.2800

We are bullish as long as the pair is traded above 1.2890

  • GOLD

 

The chart above shows that the pair might continue going upwards to reach the level of 1590. Therefore, we are bullish as long as the pair is traded above the level of 1560.

 

Resistance levels: Support levels: Recommended:
▪ 1590
▪ 1587		 ▪ 1570
▪ 1565
▪ 1555		 We are bullish as long as the pair is traded above the level of 1560

  • AUDUSD

 

As could be seen on the chart above that the pair is traded above a strong support level that is 0.6680. Therefore, we are bullish as long as the pair is traded above it. Our first target is 0.6850.

 

Resistance levels: Support levels: Recommended:

▪ 0.7123
▪ 0.6988
▪ 0.6820

▪ 0.6680
▪ 0.6650
▪ 0.6600

We are bullish as long as the pair is traded above 0.6688.
  • GBPJPY

 

The pair is about reaching the resistance level of 144.17. Therefore, we will be waiting for the pair to reach it then in case the pair shows up bearish evidence, we can go short targeting the level of 142.

 

Resistance levels: Support levels: Recommended:
▪ 146.50
▪ 146.00
▪ 144.20

▪ 141
▪ 140.50
▪ 140.00

Waiting for the pair to reach the resistance level.

 

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