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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

15 September 2020

powered by Land Prime

Reserve Bank of Australia Monetary Policy Meeting Minutes: Tuesday, 1:30. The minutes will provide details of the RBA policy meeting earlier this month. At the meeting, the RBA maintained rates at 0.25% and was dovish in tone, noting that the economic recovery is expected to be “uneven and bumpy”.

UK Employment Report: Tuesday, 6:00. Unemployment rolls jumped 94.4 thousand in July, after a decline of 28.1 thousand beforehand. We now await the August release. Wage growth fell 1.2% in June and another decline of 1.3% is expected in July. The unemployment rate, which has been pegged at 3.9% for four straight months, is projected to climb to 4.1%.

 

 

AUD
Reserve Bank of Australia Monetary Policy Meeting Minutes

GBP
UK Employment Report

  • EURUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.1910. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1740.

 

Resistance levels: Support levels: Recommended:
 1.1950
1.1920
▪ 1.1910
▪ 1.1740
 1.1720
 1.1700

We are bearish as long as the pair is trading below the level of 1.1910.

  • GBPUSD

 

The chart above shows that the pair is trading below a strong resistance level that is 1.3000. Therefore, we are bearish as long as the pair is trading below it. First target is 1.2880.

 

Resistance levels: Support levels: Recommended:
▪ 1.3150
 1.3100
▪ 1.3000
 1.2900
 1.2850
 1.2790

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

  • GOLD

 

The chart above shows that the pair is trading below a strong resistance level that is 1970. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1950 followed by 1934.

 

Resistance levels: Support levels: Recommended:
 1980
 1970
 1965
 1950
 1934
 1920
We are bearish as long as the pair is trading below the level of 1970.

  • AUDUSD

 

The chart above shows that the pair is trading above a strong support level that is 0.7200. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7400.

 

Resistance levels: Support levels: Recommended:

▪ 0.7400
0.7380
0.7360

▪ 0.7250
0.7215
▪ 0.7200

We are bullish as long as the pair is trading above the level of 0.7200.

  • GBPJPY

 

The chart above shows that the pair is trading below a strong resistance level that is 139.30. Therefore, we are bearish as long as the pair is trading below it. Our first target is 134.70.

 

Resistance levels: Support levels: Recommended:
139.00
 138.80
 138.30

 136.00
135.80
 135.50

We are bearish as long as the pair is trading below the level of 139.30.


 

 

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