Balita at Pananaliksik

Pananaliksik at Impormasyon

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

05 January 2021

powered by Land Prime

Raw Materials Price Index: Tuesday, 13:30. This inflation indicator rebounded in October with a gain of 0.5%, after a decline of 2.2% beforehand. We now await the November data.

 

 

CAD

Raw Materials Price Index

  • EURUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.2380. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.2250 followed by 1.2200.

 

Resistance levels: Support levels: Recommended:
 1.2450
1.2400
▪ 1.2370
▪ 1.2250
 1.2200
 1.2170

We are bearish as long as the pair is trading below the level of 1.2380.

  • GBPUSD

 

The chart above shows that the pair is trading below a strong resistance level that is 1.3700. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.3600-followed 1.3550.

 

Resistance levels: Support levels: Recommended:
▪ 1.3800
 1.3750
▪ 1.3700
 1.3600
 1.3550
 1.3500

We are bearish as long as the pair is trading below the level of 1.3700

  • GOLD

 

The chart above shows that the pair is trading below a strong resistance level that is 1965. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1900 followed by 1850.

 

Resistance levels: Support levels: Recommended:
 1980
 1970
 1965
 1900
 1870
 1850
We are bearish as long as the pair is trading below the level of 1965.

  • AUDUSD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 0.7630. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7820.

 

Resistance levels: Support levels: Recommended:

▪ 0.7900
0.7850
0.7820

▪ 0.7630
0.7600
▪ 0.7580

We are bullish as long as the pair is trading above the level of 0.7630.

  • GBPJPY

 

The chart above shows that the pair is trading above a strong support level that is 139.15. Therefore, we are bullish as long as the pair is trading above it. Our first target is 141.30.

 

Resistance levels: Support levels: Recommended:
142.00
 141.50
 141.30

 136.60
136.20
 136.00

We are bullish as long as the pair is trading above the level of 139.15.


 

 

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