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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

30 August 2022

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  • EURUSD

The chart above shows that the pair is trading below 1.0000. Therefore, we are bearish as long as the pair is trading below it with targets: 0.9850 – 0.9800. On the other hand, a daily close below 1.0000 would push the pair upwards that it might reach 1.0100.

Resistance levels: Support levels: Recommended:
1.0200
1.0050
▪ 1.0000
▪ 0.9900
0.9800
0.9700

Bearish below 1.0000.

  • GBPUSD

The chart above shows that the pair is trading below 1.1800. Therefore, we are bearish as long as the pair is trading below it with targets: 1.1600 – 1.1500.

Resistance levels: Support levels: Recommended:
▪ 1.2000
1.1950
▪ 1.1900
1.1700
1.1600
1.1500

Bearishness below 1.1800.

  • GOLD

The pair is trading below a strong resistance level that is 1750. Therefore, we will be bearish as long as the pair is trading below it with targets: 1730 - 1700.

Resistance levels: Support levels: Recommended:
1850
1820
1750
1730
1700
1680
Bearishness below 1750.

  • AUDUSD

As could be seen on the chart above that the pair is trading above a strong support level that is 0.6900. Therefore, we are bullish as long as the pair is trading above it with targets: 0.7000 – 0.7100.

Resistance levels: Support levels: Recommended:

▪ 0.7200
0.7100
0.7000

▪ 0.6900
0.6800
▪ 0.6700

Bullish above 0.6900.

  • GBPJPY

As could be seen on the chart above that the pair is trading above a strong support level that is 160.60. Therefore, we are bullish as long as the pair is trading above it with targets: 164.00 – 166.00.

Resistance levels: Support levels: Recommended:
170.00
166.00
164.00

 160.60
158.00
156.00

Bullishness above 160.60.

 

 

 

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