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

23 March 2021

powered by Land Prime

UK Employment Report: Tuesday, 7:00. Wage growth has been steadily climbing and reached 4.7% in December. The upswing is expected to continue, with an estimate of 4.9%. Unemployment claims fell by 20 thousand in January, but are forecast to rise by 9 thousand in February. The unemployment rate has been moving higher and is expected to rise from 5.1% to 5.2%.

Fed Chair Powell Testifies: Tuesday, 14:00. Powell will testify before a congressional committee on the CARES Act, which provides Covid-relief, together with Treasury Secretary Yellen. The speech could trigger some volatility from the US dollar, especially if Powell addresses higher bond yields and inflation. Powell will testify on Wednesday before a Senate committee.

 

USD

Fed Chair Powell Testifies

GBP

UK Employment Report

 

  • EURUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.1850. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1800 followed by 1.1750.

 

Resistance levels: Support levels: Recommended:
 1.2100
1.2000
▪ 1.1850
▪ 1.1800
 1.1750
 1.1700

We are bearish as long as the pair is trading below the level of 1.1850.

  • GBPUSD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 1.3600. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.3790 followed by 1.3850.

 

Resistance levels: Support levels: Recommended:
▪ 1.4000
 1.3850
▪ 1.3790
 1.3600
 1.3550
 1.3500

We are bearish as long as the pair is trading below the level of 1.4000.

  • 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 0.7570. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7700.

 

Resistance levels: Support levels: Recommended:

▪ 0.8000
0.7900
0.7825

▪ 0.7570
0.7525
▪ 0.7500

We are bullish as long as the pair is trading above the level of 0.7570.

  • 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:
153.00
 152.50
 152.00

 148.00
147.50
 147.00

We are bullish as long as the pair is trading above the level of 148.00


 

 

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