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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

24 October 2022

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  • EURUSD

As could be seen on the chart above that the pair has been trading below a strong resistance level that is 1.0000. Therefore, we are bearish as long as the pair is trading below it with targets: 0.9800 – 0.9650.

Resistance levels: Support levels: Recommended:
1.0150
1.0130
1.0000
▪ 0.9700
0.9600
0.9500

Bearishness below 1.0000.

  • GBPUSD

As could be seen on the chart above that the pair has been trading below 1.1800. Therefore, we are bearish as long as the pair is trading below it with targets: 1.1100 – 1.0900. On the other hand, a daily close above 1.1800 would push the pair upwards that it might reach 1.2000.

Resistance levels: Support levels: Recommended:
▪ 1.1900
1.1850
▪ 1.1800
1.1100
1.0900
1.0850

Bearishness below 1.1800.

  • GOLD

As could be seen on the chart above that the pair has been trading above 1615. Therefore, we are bullish as long as the pair is trading above it with targets: 1677 – 1700.

Resistance levels: Support levels: Recommended:
1727
1700
1677
1620
1610
1600
Bullish above 1615.

  • AUDUSD

As could be seen on the chart above that the pair has been trading below a strong resistance level that is 0.6400. If the pair reaches this area again, we might go short to target: 0.6200 – 0.6000.

Resistance levels: Support levels: Recommended:

▪ 0.6600
0.6550
0.6400

▪ 0.6200
0.6100
▪ 0.6000

Bearish below 0.6400.

  • GBPJPY

As could be seen on the chart above that the pair has been trading above 166.00. Therefore, we are bullish as long as the pair is trading above it with targets: 169.50 – 170.50.

Resistance levels: Support levels: Recommended:
170.50
170.00
169.50

 166.00
164.00
163.00

We are bullish as long as the pair is trading above 166.

 

 

 

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