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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

10 March 2020

powered by Land Prime

French Industrial Production: Tuesday, 7:45. The indicator slipped 2.8% in December, well off the estimate of -0.3%. Analysts expect a strong rebound in January, with a gain of 1.8%.

Eurozone Revised GDP: Tuesday, 10:00. Economic conditions in the eurozone remains weak, with growth of just 0.2% in the past two quarters. The estimate for Q4 stands at 0.1%.

 

 

EUR
French Industrial Production
Eurozone Revised GDP

  • EURUSD

 

As could be seen on the chart above that the pair is about reaching a strong resistance area (1.1500 – 1.1566). Therefore, we are bearish as long as the pair is traded below it. Our first target is 1.1240.

 

Resistance levels: Support levels: Recommended:
▪ 1.1600
▪ 1.1566
▪ 1.1500		 ▪ 1.1240
▪ 1.1200
▪ 1.1150

We are bearish as long as the pair is traded below the level of 1.1566
  • GBPUSD

 

As could be seen on the chart above that the pair is about reaching a strong support zone. Therefore, we will be waiting for the pair to reach it, then in case it shows up some bullish evidence we can go long.

 

Resistance levels: Support levels: Recommended:
▪ 1.3400
▪ 1.3350
▪ 1.3000		 ▪ 1.2700
▪ 1.2650
▪ 1.2600

We are bullish as long as the pair is traded above the level of 1.2700.

  • GOLD

 

The chart above shows that the pair is trading above a strong support level that is 1630. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1660 followed by 1680.

 

Resistance levels: Support levels: Recommended:
▪ 1680
▪ 1660		 ▪ 1630
▪ 1620
▪ 1615		 We are bullish as long as the pair is trading above the level of 1630.

  • AUDUSD

 

As could be seen on the chart above that the pair is traded above a strong support level that is 0.6430. Therefore, we are bullish as long as the pair is traded above it. Our first target is 0.6550.

 

Resistance levels: Support levels: Recommended:

▪ 0.7123
▪ 0.6988
▪ 0.6740

▪ 0.6400
▪ 0.6350
▪ 0.6300

Waiting for the pair to reach the support level.
  • GBPJPY

 

The pair is about reaching a strong support area (133.64 – 133) Therefore, we will be waiting for the pair to show up some bullish evidence, then we can go long targeting the level of 136.50.

 

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

▪ 133.64
▪ 133.00
▪ 132.50

Waiting for the pair to reach the support area.

 

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