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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

16 September 2022

powered by Land-FX

Nothing important for today!

 

  • EURUSD

Update: No changes! The chart above shows that the pair is trading below 1.0200. Therefore, we are bearish as long as the pair is trading below it with targets: 0.9900 – 0.9850. On the other hand, a daily close above 1.0200 would push the pair upwards that it might reach 1.0300 – 1.0400.

Resistance levels: Support levels: Recommended:
1.0400
1.0300
▪ 1.0200
▪ 0.9800
0.9750
0.9700

Bearish below 1.0200

  • GBPUSD

Update: No changes! As could be seen on the chart above shows that the pair is trading above 1.1350. Therefore, we are bullish as long as the pair is trading above it with targets: 1.1600 – 1.1700.

Resistance levels: Support levels: Recommended:
▪ 1.1850
1.1700
▪ 1.1600
1.1350
1.1300
1.1250

Bullishness above 1.1300.

  • GOLD

Update: The pair went the other way around! As could be seen on the chart above that the pair has been trading above a strong support level that is 1670. Therefore, we will be bullish as long as the pair is trading above it with targets: 1750 - 1800.

Resistance levels: Support levels: Recommended:
1850
1820
1750
1670
1650
1600
Bullishness above 1670.

  • AUDUSD

Update: No changes! The chart above shows that pair is trading above a strong support level that is 0.6700. 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

▪ 0.6700
0.6600
▪ 0.6500

Bullish above 0.6700.

  • GBPJPY

Update: Targets were hit! The pair is showing weakness below 166.50. Therefore, we might go short to target: 164.00 – 163.50 respectively.

Resistance levels: Support levels: Recommended:
170.00
166.00
164.00

 160.60
158.00
156.00

Bearishness below 166.50!

 

 

 

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