News & Research

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

8 March 2021

powered by Land-FX

Eurozone Revised GDP: Tuesday, 10:00. The second estimate for growth in Q4 of 2020 stands at -0.6%, which would confirm the initial estimate. The lack of economic growth can be attributed to the strict health restrictions due to Covid-19.

 

 

 

  • EURUSD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 1.1820. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.1948 followed by 1.2000. On the other hand, if the level of 1.1820 broken, we might go short to target the level of 1.1746.

 

Resistance levels: Support levels: Recommended:
 1.2100
1.2000
▪ 1.1948
▪ 1.1820
 1.1746
 1.1650

We are bullish as long as the pair is trading above the level of 1.1820.

  • GBPUSD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 1.3776. Therefore, we are bullish as long as the pair is trading above it. Our targets: 1.4000.

 

Resistance levels: Support levels: Recommended:
▪ 1.4150
 1.4100
▪ 1.4000
 1.3776
 1.3683
 1.3668

We are bullish as long as the pair is trading above 1.3776.

  • GOLD

 

The chart above shows that the pair is trading below a strong resistance level that is 1760. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1690 followed by 1600.

 

Resistance levels: Support levels: Recommended:
 1890
 1870
 1760
 1690
 1640
 1600
We are bearish as long as the pair is trading below 1760.

  • AUDUSD

 

The chart above shows that the pair is trading above a strong support level that is 0.7600. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7780.

 

Resistance levels: Support levels: Recommended:

▪ 0.8050
0.8000
0.7780

▪ 0.7600
0.7550
▪ 0.7500

We are bullish as long as the pair is trading above the level of 0.7600

  • GBPJPY

 

As could be seen on the chart above that the pair is trading above a strong support level that is 148. Therefore, we are bullish as long as the pair is trading above it. Our first is 151.

 

Resistance levels: Support levels: Recommended:
151.00
 150.44
 150.00

 148.00
147.00
 146.00

We are bullish as long as the pair is trading above the level of 148.


 

 

Disclaimer: The information contained in this publication is produced by Land-FX and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land-FX current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land-FX. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.