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

22 July 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 1.0350. 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 1.0350 is broken, the pair might reach 1.0450 – 1.0500.

Resistance levels: Support levels: Recommended:
1.0500
1.0450
▪ 1.0350
▪ 1.0000
0.9950
0.9999

Bearishness below 1.0350.

  • GBPUSD

Update: No changes! The chart above shows that the pair has been trading below a strong resistance level that is 1.2200. 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 1.2200 is broken, the pair might reach 1.2300 – 1.2400.

Resistance levels: Support levels: Recommended:
▪ 1.2400
1.2300
▪ 1.2200
1.1800
1.1750
1.1700

Bearish below 1.2200.

  • GOLD

Update: On its way to hit its first target! The chart above shows that the pair trades above a strong support level that is 1680. Therefore, we are bullish as long as the pair is trading above it with targets: 1750 - 1850. On the other hand, a close below 1680 would open the door for further downward movement that it might reach 1630 – 1600.

Resistance levels: Support levels: Recommended:
1900
1850
1750
1680
1650
1600

Bullish above 1680.

  • AUDUSD

Update: No changes! The chart above shows that the pair is trading below a strong resistance level that is 0.7100. 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 0.7100 would open the door for the pair to reach 0.7200 – 0.7250.

Resistance levels: Support levels: Recommended:

▪ 0.7250
0.7200
0.7100

▪ 0.6700
0.6650
▪ 0.6600

Bearishness below 0.7100.

  • GBPJPY

Update: The pair started going downwards! 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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