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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

09 October 2020

powered by Land-FX

Reserve Bank of Australia Financial Stability Review: Friday, 1:30. The central bank publishes a report on financial stability twice per year. Apart from the assessment on stability, the publication also provides economic figures and may discuss monetary policy.  

British GDP: Friday, 6:00. The monthly GDP report showed that the economy gained 6.6% in July, marking a third successive month of growth. Another gain is projected for August, with an estimate of 4.6%.

Canada Employment Report: Friday, 12:30. The economy created 245.8 thousand jobs in August, down from 418.5 thousand in July. The unemployment rate continues to fall and dropped to 10.2% in August, down sharply from 10.9%. We now await the September data, which should be treated as a market-mover.

 

 

AUD
FOMC Meeting Minutes

GBP
British GDP

CAD
Canada Employment Report

  • EURUSD

 

Update: First target was hit. 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

 

Update: Targets were hit. 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

 

Update: First targets were hit. 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

 

Update: First target was hit. 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

 

Update: First target was hit. 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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