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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

21 November 2022

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  • EURUSD

As could be seen on the chart above that the pair is trading above a strong support level that is 1.0100. Therefore, we are bullish as long as the pair is trading above it with targets: 1.0450 – 1.0500. On the other hand, a daily close below 1.0100 would push the pair downwards that it might reach 1.0000 – 0.9900.

Resistance levels: Support levels: Recommended:
1.0700
1.0600
1.0450
1.0100
1.0000
0.9800

Bullishness above 1.0100.

  • GBPUSD

As could be seen on the chart above that the pair is trading above a strong support level that is 1.1650. Therefore, we are bullish as long as the pair is trading above it with targets: 1.1900 – 1.1950. On the other hand, a daily close below 1.1650 would push the pair downwards towards: 1.1600 – 1.1550.

Resistance levels: Support levels: Recommended:
▪ 1.1950
1.1900
▪ 1.1850
1.1650
1.1600
1.1550

Bullish above 1.1650.

  • GOLD

As could be seen on the chart above that the pair is trading above 1727. Therefore, we are bullish as long as the pair is trading above it with targets: 1790 – 1800.

Resistance levels: Support levels: Recommended:
1820
1800
1790
1727
1680
1650
Bullish above 1727.

  • AUDUSD

The chart above shows that the pair is trading above a strong support level that is 0.6550. Therefore, we are bullish as long as the pair is trading above it with targets: 0.6800 – 0.6850. On the other hand, a close below 0.6550 would push the pair downwards that it might reach: 0.6500 – 0.6430.

Resistance levels: Support levels: Recommended:

▪ 0.6950
0.6900
0.6850

▪ 0.6550
0.6500
▪ 0.6430

Bullish above 0.6550.

  • GBPJPY

The pair must reach a strong level which could be: 163.50 (support) or 172 (resistance). We can go long if the pair reaches the support level and shows up bullish evidence above it to target: 168 – 169.

Resistance levels: Support levels: Recommended:
173.00
170.00
167.00

 165.00
163.00
162.00

Waiting for the pair to reach a good level where we can enter the market.

 

 

 

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