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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

14 December 2018

powered by Land-FX

Nothing important for today.

 

  • EURUSD

 

Update: The pair has not reach the downtrend line yet. The daily timeframe shows that the pair is traded above a strong support level that could be found at 1.1217. We also find that there is a good bearish opportunity around the downtrend line that is in case the pair reaches this level and shows up some bearish evidence so if this happens, we can go short targeting the level of 1.1217 during the week.

 

Resistance levels: Support levels: Recommended:
 1.21
1.1850
▪ 1.18
▪ -
 1.1217
 1.10

Waiting for the pair to reach the downtrend line.

  • GBPUSD

 

Update: The pair is traded again above the level of 1.2550. The pair managed to break through a strong support level that is 1.2550 so if the pair confirms the breakout of this level by a daily close, we can go short targeting the level of 1.2370.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
 1.3350
▪ 1.29
 1.2550
 1.2370
 1.23

Waiting for the pair to confirm the breakout of the level of 1.2550

  • GOLD

 

Update: The pair is about to reach the short term uptrend line. The pair managed to breakthrough a strong resistance level (1240) so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1245 followed by 1250 during the week. In case the pair goes down to the short-term uptrend line and shows up some bullish evidence above it, we can go long targeting the level of 1240 again.

 

Resistance levels: Support levels: Recommended:
 1330
 1245
 1250
 
 1180
 1170

We are bullish as long as the pair is traded above the level of 1240.

  • AUDUSD

 

Update: The pair is about to reach the area where we can long. As could be seen on the daily chart that the pair is about to reach a support area around 0.7030 so we believe if the pair goes down to reach this area and shows up some bullish evidence, we can go long targeting the level of 0.7350.

 

Resistance levels: Support levels: Recommended:

▪ 0.7550
0.7600
▪ 0.
7260

▪ 0.7000
-
▪ -

Waiting for the pair to reach the level of 0.7030.

  • GBPJPY

 

Update: The pair started going down. The daily timeframe shows that the pair is about to reach a strong support level that is 140.50 so in case the pair reaches this level and shows up some bullish evidence, we can go long targeting the level of 144 during the week. This is conditioned by the continuation of trading above the level of 140.50.

 

Resistance levels: Support levels: Recommended:
156
 155
 149

 140.50
140
 139

WAITING FOR THE PAIR TO REAHC THE SUPPORT LEVEL OF 140.50

 

 

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