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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

09 January 2023

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  • EURUSD

The chart above shows that the pair has been trading below a strong resistance level that is 1.0800. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0500 – 1.0400. On the other hand, a daily close above 1.0800 would push the pair upwards towards 1.0900.

Resistance levels: Support levels: Recommended:
1.0900
1.0850
1.0800
1.0500
1.0400
1.0250

Bearishness below 1.0800.

  • GBPUSD

As could be seen on the chart above that the pair has been trading below a strong resistance level that is 1.2400. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2100 – 1.2000. On the other hand, a daily close above 1.2400 would push the pair upwards towards: 1.2450 – 1.2500.

Resistance levels: Support levels: Recommended:
▪ 1.2500
1.2450
▪ 1.2400
1.2100
1.2000
1.1900

Bearishness below 1.2400

  • GOLD

The chart above shows that the pair is trading above 1800. Therefore, we are bullish as long as the pair is trading above it with targets: 1830 – 1840. Keeping in mind that breaking the level of 1890 would push the pair further upwards towards: 1920.

Resistance levels: Support levels: Recommended:
1920
1900
1890
1800
1780
1760
Bullish above 1800.

  • AUDUSD

As could be seen on the chart above that the pair is facing a strong resistance level that is 0.7000. A daily close above this level, would push the pair upwards with targets: 0.7100 – 0.7200. On the other hand, bearishness below 0.7000.

Resistance levels: Support levels: Recommended:

▪ 0.7150
0.7100
0.7000

▪ 0.6700
0.6500
▪ 0.6430

Facing a strong resistance level.

  • GBPJPY

The pair has been trading above a strong support level that is 154.50. Therefore, we are bullish as long as the pair is trading above it with targets: 162 - 163.

Resistance levels: Support levels: Recommended:
165.00
163.00
162.00

 154.50
154.00
153.60

Bullish above 154.50.

 

 

 

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