News & Research

Market Research & Info

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

28 December 2018

powered by Land-FX

Nothing important for today.

 

 

  • EURUSD

 

Update: The candle of today seems to be a reversal pattern so the close of today will confirm the kind of the candle + The pair just touched the downtrend line. The daily chart shows that the pair has reached the downtrend line shown on the chart in blue. The pair also has showed up some bearish evidence, so we can go short targeting the level of 1.13 followed by 1.1220 during the week. This will be conditioned by the continuation of trading below the downtrend line.

 

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

We are bearish as long as the pair is traded below the downtrend line.

  • GBPUSD

 

Update: The candle of today is a little bullish and also the pair is still traded below the resistance level of 1.28. As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.28 so we are bearish as long as the pair is traded below this level. First target is: 1.2550.

 

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

We are bearish as long as the pair is traded below the level of 1.28.

  • GOLD

Update: The pair showed respect to the level of 1280 as it is still traded below it. The pair is traded in an uptrend as could be seen on the four-hour-chart. The pair also has reached a strong resistance level that could be found at 1280. So, if the pair shows up some bearish evidence below this level, we can go short targeting the level of 1250 during the week. This is conditioned by the continuation of trading below the resistance level of 1280.

 

Resistance levels: Support levels: Recommended:
 1330
 1280
 -
 1180
 1170

We are bearish as long as the pair is traded below the level of 1280.

  • AUDUSD

 

Update: No changes. The pair is still traded above the level of 0.7030. The pair has reached a strong support level that could be found at 0.7030 so we will be waiting for some bullish evidence to show up so we can go long targeting the level of 0.73. This is conditioned by the continuation of trading above the level of 0.7030.

 

Resistance levels: Support levels: Recommended:

▪ 0.7550
0.7600
▪ 0.
7260

▪ 0.7000
-
▪ -

We are bullish as long as the pair is traded above the level of 0.7030.

  • GBPJPY

 

Update: No changes. The pair is still traded above the support level of 140. The pair has reached a strong support level that is 140 so we will be waiting for the pair to confirm if it will break through this level or not. So, let's wait to see what will happen...

 

Resistance levels: Support levels: Recommended:
156
 155
 149

 140.50
140
 139

Waiting for the pair to confirm what is going to happen...

 

 

Disclaimer: The information contained in this publication is produced by Land-FX and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land-FX current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land-FX. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.