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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

15 July 2020

powered by Land Prime

British Inflation: Wednesday, 6:00. UK inflation started the year with inflation of 1.8%, but it’s been all downhill since then. In May, inflation slowed to 0.5%, down from 0.8% beforehand. Another reading of 0.5% is expected in the upcoming release.

Bank of Japan Rate Decision: Wednesday, Tentative. The Bank of Japan is expected to maintain current monetary policy. Investors will be keeping a close eye on the tone of the bank’s rate statement.

Bank of Canada Rate Decision: Wednesday, 10:00. The Bank of Canada is expected to maintain interest rates at 0.25%, where they have been pegged since March. Canada’s economy is recovering slowly from Covid-19, and investors will be looking at the rate statement to see what is the bank’s view of the economy.

 

 

GBP
British Inflation

CAD
Bank of Canada Rate Decision

JPY
Bank of Japan Rate Decision

  • EURUSD

 

The chart above shows that the pair is trading above a strong support level that is 1.1400. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.1450.

 

Resistance levels: Support levels: Recommended:
 1.1500
1.1480
▪ 1.1450
▪ 1.1400
 1.1350
 1.1320

We are bullish as long as the pair is trading above the level of 1.1350.

  • GBPUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.2700. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.2540.

 

Resistance levels: Support levels: Recommended:
▪ 1.2750
 1.2720
▪ 1.2700
 1.2580
 1.2550
 1.2530

We are bearish as long as the pair is trading below the level of 1.2700.

  • GOLD

 

The chart above shows that the pair is trading below a strong resistance level that is 1818. Therefore, we are bearish as long as the pair is trading below the level of 1818. Our first target is 1795.

 

Resistance levels: Support levels: Recommended:
 1818
 1815
 1813
 1795
 1790
 1785
We are bearish as long as the pair is trading below the level of 1818.

  • AUDUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7034. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.6970.

 

Resistance levels: Support levels: Recommended:

▪ 0.7034
0.7000
0.6980

▪ 0.6750
0.6720
▪ 0.6700

We are bearish as long as the pair is trading below the level of 0.7034.

  • GBPJPY

 

The chart above shows 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 135.30 followed by 134.50.

 

Resistance levels: Support levels: Recommended:
137.00
 136.50
 136.30

 135.30
135.00
 134.50

We are bearish as long as the pair is trading below the level of 136.30


 

 

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