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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

03 June 2022

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Nothing important for today!

 

  • EURUSD

Update: No changes! The chart above shows that the pair has been trading below a strong resistance level that is 1.0850. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0300 – 1.0250. Keep in mind that we will be waiting for the pair to reach that level then in case it shows up bearish evidence below it, we might go short to target: 1.0700 – 1.0650. On the other hand, if the level of 1.0.850 the pair might reach 1.0900 – 1.0950.

Resistance levels: Support levels: Recommended:
1.0950
1.0900
▪ 1.0850
▪ 1.0650
1.0600
1.0500

Bearishness below 1.0850.

  • GBPUSD

Update: No changes! As could be seen on the chart above that the pair has been trading below a strong resistance level that is 1.2700. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2300 – 1.2250. On the other hand, if the level of 1.2700 is broken, the pair might reach 1.2850.

Resistance levels: Support levels: Recommended:
▪ 1.2850
1.2750
▪ 1.2700
1.2150
1.2100
1.2000

Bearish below 1.2700.

  • GOLD

Update: No changes! The chart above shows that the pair trades below a strong resistance level that is 1900. Therefore, we are bearish as long as the pair is trading below it with targets: 1820 - 1800. On the other hand, a close above 1900 would open the door for further upward movement that it might reach 1920 – 1950.

Resistance levels: Support levels: Recommended:
1950
1920
1900
1780
1750
1730
Bearishness below 1900.

  • AUDUSD

Update: First target was hit! The chart above shows that the pair is trading within a bearish channel. Therefore, we will be bullish as long as the pair is trading above the downside of the channel with targets: 0.72 – 0.73. On the other hand, a close below 0.6800 would push the pair to its downside targets as follows: 0.6750 – 0.6700.

Resistance levels: Support levels: Recommended:

▪ 0.7400
0.7300
0.7200

▪ 0.6830
0.6800
▪ 0.6700

Bullishness above 0.6830.

  • GBPJPY

Update: Targets were hit! The chart above shows that the pair has been trading above a strong support level that is 158. Therefore, we are bullish as long as the pair is trading above it with targets: 162 – 163.

Resistance levels: Support levels: Recommended:
164.00
163.00
162.00

 158.00
157.50
157.00

Bullishness above 158.

 

 

 

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