News & Research

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 October 2020

powered by Land Prime

Australian Employment Report: Thursday, 00:30. The economy created 111.0 thousand jobs in August, blowing past the estimate of -40.0 thousand. However, the forecast for September stands at -35.0 thousand. The unemployment rate is projected to rise to 7.1% up from 6.8%.

 

 

AUD
Australian Employment Report

  • EURUSD

 

Update: We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.1900. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1700 followed by 1.1680.

 

Resistance levels: Support levels: Recommended:
 1.1950
1.1925
▪ 1.1900
▪ 1.1720
 1.1700
 1.1680

We are bearish as long as the pair is trading below the level of 1.1900.

  • GBPUSD

 

Update: On its way to its final target. 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. Our first target is 1.2900.

 

Resistance levels: Support levels: Recommended:
▪ 1.3050
 1.3020
▪ 1.3000
 1.2900
 1.2850
 1.2800

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

  • GOLD

 

Update: On its way to its target. The chart above shows that the pair is trading above a strong support level that is 1881. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1912.

 

Resistance levels: Support levels: Recommended:
 1925
 1920
 1912
 1881
 1850
 1830
We are bullish as long as the pair is trading above the level of 1881.

  • AUDUSD

 

Update: We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7240. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.7080.

 

Resistance levels: Support levels: Recommended:

▪ 0.7280
0.7260
0.7240

▪ 0.7120
0.7100
▪ 0.7080

We are bearish as long as the pair is trading below the level of 0.7240.

  • GBPJPY

 

Update: We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 137.80. Therefore, we are bearish as long as the pair is trading below it. Our first target is 136 followed by 135.55

 

Resistance levels: Support levels: Recommended:
138.00
 137.80
 137.50

 136.00
135.55
 135.20

We are bearish as long as the pair is trading below the level of 137.80


 

 

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