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

20 February 2020

powered by Land Prime

Australian Job Reports: Thursday, 0:30. The labor market remains solid, with strong job creation numbers in the past two months. January is expected to show a gain of 10.0 thousand, which is respectable, but much smaller than the December gain of 28.9 thousand. The unemployment rate dropped to 5.1% in December, its lowest level since March. The estimate for January stands at 5.2%.

UK Retail Sales: Thursday, 11:00. Retail sales continues to struggle, with no gains since August. In December, the indicator declined by 0.6%, compared to the forecast of +0.5%. A strong rebound is expected in January, with an estimate of 0.7%.

ECB Monetary Policy Meeting Accounts: Thursday, 12:30. At the January policy meeting, ECB President Christine Lagarde said that she would prefer higher interest rates, but that stronger growth and inflation were needed first. Investors will be combing through the minutes, looking for hints regarding future monetary policy.

FOMC Meeting Minutes: Thursday, 19:00. The minutes will provide details of the most recent policy meeting. The Fed has signaled that it has no plans to lower interest rates in the near future, and Fed Chair Powell said last week that the Fed could resort to QE in case of a financial crisis.

 

 

AUD
Australian Job Reports

GBP
UK Retail Sales

EUR
ECB Monetary Policy Meeting Accounts

USD
FOMC Meeting Minutes

  • EURUSD

 

Update: We remain the same. The chart above shows that the pair is traded below a strong resistance level that is1.0850. Therefore, we are bearish as long as the pair is traded below it. Our first target is 1.0750

 

Resistance levels: Support levels: Recommended:
▪ 1.1150
▪ 1.1100
▪ 1.0850		 ▪ 1.0800
▪ 1.0750
▪ 1.0720

We are bearish as long as the pair is traded below the level of 1.0850
  • GBPUSD

 

Update: Our first target has been hit. WAITING for a breakout of the level 1.2880 that could lead to further downward movement to 1.2800. As could be seen on the chart above that the pair is traded below a strong resistance level that is 1.3000. Therefore, we are bearish as long as the pair is traded below it. Our first target is 1.2890

 

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

We are bearish as long as the pair is traded below the level of 1.3000.

  • GOLD

 

Update: Our first target has been hit. Looking for 1619. As could be seen on the chart above that the pair is traded above a strong support level that is 1595. Therefore, we are bullish as long as the pair is traded above it. Our first target is 1615.

 

Resistance levels: Support levels: Recommended:
▪ 1620
▪ 1615		 ▪ 1595
▪ 1565
▪ 1555		 We are bullish as long as the pair is traded above the level of 1595

  • AUDUSD

 

Update: The bearish scenario has been trigged. As could be seen on the chart above shows that the pair is traded above a strong support level that is 0.6660. Therefore, we are bullish as long as the pair is traded above it. Our first target is 0.6740. On the other hand, if the level of 0.6660 is broken, the pair might continue going downwards that is might reach the level of 0.6625

 

Resistance levels: Support levels: Recommended:

▪ 0.7123
▪ 0.6988
▪ 0.6740

▪ 0.6660
▪ 0.6630
▪ 0.6600

We are bullish as long as the pair is traded above 0.6660.
  • GBPJPY

 

Update: Waiting for some confirmations. The chart above shows that the pair is traded below a strong resistance level that is 144.17. Therefore, we are bearish as long as the pair is traded below it. Our first target is 142.30 followed by 141.50. On the other hand, if the level of 144.17 is broken to the upside by at least a daily close, then the way would be open for the pair to reach 145

 

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

▪ 141
▪ 140.50
▪ 140.00

We are bearish as long as the pair is traded below 144.17

 

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