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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

12 March 2021

powered by Land-FX

German CPI: Friday, 7:00. Inflation showed a respectable gain of 0.8% in February and the second-estimate forecast is expected to come in at 0.7%.

British GDP: Friday, 7:00. The monthly GDP report showed a gain of 1.2% in December, rebounding from -2.6% beforehand. Will we see another gain in January?

Canada Employment Report: Friday, 13:30. Canada’s labor market has sagged lately, and the January release of -212.8 thousand was a disaster. Unemployment rose to 9.4%, up sharply from 8.6%. We now await the February data.

 

 

 

  • EURUSD

 

Update: Target was hit. 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

 

Update: Target was hit. 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

 

Update: We remain the same. 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

 

Update: Target was hit. 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

 

Update: Target was hit. 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.


 

 

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