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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

07 October 2020

powered by Land-FX

FOMC Meeting Minutes: Wednesday, 14:00. The Federal Reserve releases the minutes of its September policy meeting. Investors will be interested to hear the views of policymakers as to the health of the US economy in light of the persistent Covid-19 pandemic

 

 

USD
FOMC Meeting Minutes

  • EURUSD

 

The chart above shows that the pair is trading above a strong support level that is 1.1600. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.1800 followed by 1.1850.

 

Resistance levels: Support levels: Recommended:
 1.1850
1.1820
▪ 1.1800
▪ 1.1600
 1.1580
 1.1550

We are bullish as long as the pair is trading above the level of 1.1600.

  • GBPUSD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 1.2860. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.2950 followed by 1.3000.

 

Resistance levels: Support levels: Recommended:
▪ 1.3042
 1.3000
▪ 1.2950
 1.2860
 1.2830
 1.2800

We are bullish as long as the pair is trading above the level of 1.2860.

  • GOLD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 1874. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1900 followed by 1920.

 

Resistance levels: Support levels: Recommended:
 1950
 1930
 1920
 1874
 1860
 1850
We are bullish as long as the pair is trading above the level of 1874.

  • AUDUSD

 

The chart above shows 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 0.7200 followed by 0.7230.

 

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

 

The chart above shows that the pair is trading above a strong support level that is 134.30. Therefore, we are bullish as long as the pair is trading above it. Our first target is 137 followed by 137.50.

 

Resistance levels: Support levels: Recommended:
138.00
 137.50
 137.00

 134.30
134.00
 133.50

We are bullish as long as the pair is trading above the level of 134..30


 

 

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