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

09 April 2020

powered by Land Prime

British GDP: Thursday, 8:30. The monthly GDP release came in at 0.0% in January, pointing to stagnation. The February estimate is a weak gain of 0.1%.

U.S. Unemployment Claims: Thursday, 12:30. Jobless claims have been in the stratosphere in recent weeks, as the CORVID-19 as brought much of the U.S. economy to a grinding halt. Unemployment claims soared to 6.6 million last week, much higher than the estimate of 3.6. million. The estimate for this week is also staggering, at 5.0 million.

ECB Monetary Policy Meeting Accounts: Thursday, 11:30. At the March 12 meeting, the ECB opted not to follow the Federal Reserve and Bank of England and did not lower its main deposit rate, which is at -0.5%. The bank also expanded its asset purchase program by 120 billion euros. Investors will be keen to read the details of the meeting provided by the minutes.

 

 

GBP
British GDP

USD
U.S. Unemployment Claims

  • EURUSD

 

Update: The pair is on its way to reach its first target. The chart above shows that the pair is trading above a strong support level that is 1.0800. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.0995.

 

Resistance levels: Support levels: Recommended:
▪ 1.1100
▪ 1.1000
▪ 1.0995		 ▪ 1.0800
▪ 1.0750
▪ 1.0700

We are bullish as long as the pair is trading above the level of 1.0800.
  • GBPUSD

 

Update: We remain the same. As could be seen on the chart above that the pair is about reaching a strong resistance level that is 1.2500. Therefore, we will be waiting for some bullish evidence to show up above it, and then we can go SHORT targeting the level of 1.2300.

 

Resistance levels: Support levels: Recommended:
▪ 1.2650
▪ 1.2600
▪ 1.2500		 ▪ 1.2300
▪ 1.2250
▪ 1.2200

Waiting for the pair to reach the area mentioned in the report.

  • GOLD

 

Update: On its way to its targets. As could be seen on the chart above that the pair is trading above a strong support level that is 1637. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1650 followed by 1660.

 

Resistance levels: Support levels: Recommended:
▪ 1670
▪ 1660
▪ 1650		 ▪ 1637
▪ 1630
▪ 1620		 We are bullish as long as the pair is trading above the level of 1637.

  • AUDUSD

 

Update: We remain the same. As could be seen on the chart above that the pair is trading above a strong support level that is 0.6110. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.6300.

 

Resistance levels: Support levels: Recommended:

▪ 0.6400
▪ 0.6350
▪ 0.6300

▪ 0.6110
▪ 0.6050
▪ 0.6000

We are bullish as long as the pair is trading above 0.6110.
  • GBPJPY

 

Update: No changes. As could be seen on the chart above that the pair is trading below a strong resistance level that is 135.50. Therefore, we are bearish as long as the pair is trading below it. Our first target is 134

 

Resistance levels: Support levels: Recommended:
▪ 136.00
▪ 135.50
▪ 135.00

▪ 134.00
▪ 133.50
▪ 133.00

We are bearish as long as the pair is trading below the level of 135.50

 

Disclaimer: The information contained in this publication is produced by Land Prime and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land Prime current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land Prime. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.