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Market Research & Info

Land-FX 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

02 October 2020

powered by Land-FX

Eurozone Unemployment Rate: Thursday, 9:00. The bloc’s unemployment rate has been steadily increasing and reached 7.9% in August. The upward trend is expected to continue in September, with an estimate of 8.1%.

 

 

EUR
Eurozone Unemployment Rate

  • EURUSD

 

Update: First target was hit. As could be seen on the chart above that the pair is trading above a strong support level that is 1.1640. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.1775 followed by 1.1820.

 

Resistance levels: Support levels: Recommended:
 1.1850
1.1820
▪ 1.1775
▪ 1.1640
 1.1625
 1.1600

We are bullish as long as the pair is trading above the level of 1.1640.

  • GBPUSD

 

Update: We remain the same. 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 1.2800.

 

Resistance levels: Support levels: Recommended:
▪ 1.3050
 1.3021
▪ 1.3000
 1.2800
 1.2750
 1.2710

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

  • GOLD

 

Update: First target was hit. The chart above shows that the pair is trading below a strong resistance level that is 1912. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1900 followed by 1880.

 

Resistance levels: Support levels: Recommended:
 1920
 1915
 1912
 1900
 1880
 1860
We are bearish as long as the pair is trading below the level of 1912.

  • AUDUSD

 

Update: First target was hit. As could be seen on the chart above that the pair is trading above a strong support level that is 0.7030. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7240.

 

Resistance levels: Support levels: Recommended:

▪ 0.7275
0.7260
0.7240

▪ 0.7030
0.7000
▪ 0.6980

We are bullish as long as the pair is trading above the level of 0.7030.

  • GBPJPY

 

Update: First target was hit. As could be seen on the chart above that the pair is trading above a strong support level that is 134. Therefore, we are bullish as long as the pair is trading above it. Our first target is 137.

 

Resistance levels: Support levels: Recommended:
138.00
 137.40
 137.00

 134.00
133.80
 133.50

We are bullish as long as the pair is trading above the level of 134.00


 

 

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