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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

17 November 2020

powered by Land Prime

RBA Monetary Policy Meeting Minutes: Tuesday, 00:30. The RBA minutes will provide details of the RBA meeting earlier in November. At the meeting, policymakers held rates at 0.10%, a record low.

 

 

AUD
RBA Monetary Policy Meeting Minutes

  • EURUSD

 

The chart above shows that the pair is trading below a strong resistance level that is 1.1965. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1750.

 

Resistance levels: Support levels: Recommended:
 1.2020
1.1980
▪ 1.1950
▪ 1.1760
 1.1730
 1.1700

We are bearish as long as the pair is trading below the level of 1.1965

  • GBPUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.3300. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.3200. On the other hand, if the level of 1.3300 is broken, we shall go long targeting the level of 1.3500.

 

Resistance levels: Support levels: Recommended:
▪ 1.3500
 1.3400
▪ 1.3300
 1.2900
 1.2850
 1.2790

We are bearish as long as the pair is trading below the level of 1.3300.

  • GOLD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1900. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1860.

 

Resistance levels: Support levels: Recommended:
 1900
 1890
 1885
 1860
 1850
 1835
We are bearish as long as the pair is trading below the level of 1900.

  • AUDUSD

 

The chart above shows that the pair is trading below the level of 0.7400 Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.7150.

 

Resistance levels: Support levels: Recommended:

▪ 0.7400
0.7380
0.7360

▪ 0.7250
0.7215
▪ 0.7200

We are bearish as long as the pair is trading below the level of 0.7400

  • GBPJPY

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 141. Therefore, we are bearish as long as the pair is trading below it. Our first target is 138

 

Resistance levels: Support levels: Recommended:
142.00
 141.50
 141.00

 136.00
135.80
 135.50

We are bearish as long as the pair is trading below the level of 141.


 

 

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