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

15 July 2022

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  • EURUSD

Update: Our targets were hit. The chart above shows that the pair has been trading below a strong resistance level that is 1.0200. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0000 – 0.9950. On the other hand, if the level of 1.0200 is broken, the pair might reach 1.0250 – 1.0350.

Resistance levels: Support levels: Recommended:
1.0350
1.0250
▪ 1.0200
▪ 1.0000
0.9950
0.9900

Bearishness below 1.0200.

  • GBPUSD

Update: Our targets were hit. The chart above shows that the pair has been trading below a strong resistance level that is 1.2000. Therefore, we are bearish as long as the pair is trading below it with targets: 1.1800 – 1.1750. On the other hand, if the level of 1.2000 is broken, the pair might reach 1.2100 – 1.2200.

Resistance levels: Support levels: Recommended:
▪ 1.2200
1.2100
▪ 1.2000
1.1800
1.1750
1.1700

Bearish below 1.2000.

  • GOLD

Update: First target was hit. The chart above shows that the pair trades below a strong resistance level that is 1780. Therefore, we are bearish as long as the pair is trading below it with targets: 1700 - 1680. On the other hand, a close above 1800 would open the door for further upward movement that it might reach 1850 – 1900.

Resistance levels: Support levels: Recommended:
1850
1800
1780
1700
1680
1650
Bearishness below 1800.

  • AUDUSD

Update: Our targets were hit. The chart above shows that the pair is trading below a strong resistance level that is 0.6850. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6700 – 0.6680. On the other hand, a close below 0.6850 would open the door for the pair to reach 0.6900 – 0.7000.

Resistance levels: Support levels: Recommended:

▪ 0.7000
0.6900
0.6850

▪ 0.6700
0.6680
▪ 0.6600

Bearishness below 0.6840.

  • GBPJPY

Update: No changes. As could be seen on the chart above that the pair is trading below a strong resistance level that is 168.80. Therefore, we are bearish as long as the pair is trading below it with targets: 160.00 – 158.00.

Resistance levels: Support levels: Recommended:
170.00
169.00
168.30

 160.00
158.00
156.00

Bearishness below 168.70.

 

 

 

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