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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

02 January 2019

powered by Land-FX

Nothing important for today.

 

 

  • EURUSD

 

Update: A very bearish candle has showed up which supports our scenario. The pair has reached the downtrend line shown on the chart in blue. We do not find any bearish evidence that can push the price downward. So, we will be waiting for some bearish evidence to show up below the downtrend line so we can go short.

 

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

Waiting for some bearish evidence to show up below the downtrend line.

  • GBPUSD

 

Update: As could be seen that we find a bearish candle below the downtrend line, we remain bearish. The daily timeframe shows that the pair is traded below a downtrend line shown on the chart in red. We will be waiting for some bearish evidence to show up below the downtrend line so we can go short.

 

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

Waiting for some bearish evidence to show up below the downtrend line.

  • GOLD

 

Update: The resistance level is broken which opens the door for further upward movements during the week that it may reach the level of 1295. The pair is traded below a strong resistance level that is 1285 so we will be waiting for some bearish evidence to show up below this level, then we can go short targeting the level of 1250 during the week.

 

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

Waiting for some bearish evidence to show up below the resistance level of 1285.

  • AUDUSD

 

Update: Still traded above the support level of 0.70. As could be seen on the daily chart that the pair is traded above a strong support level that is 0.70 so we will be waiting for some bullish evidence to show up above this level, then we can go long targeting the level of 0.71 followed by 0.73 during the week.

 

Resistance levels: Support levels: Recommended:

▪ 0.7550
0.7600
▪ 0.
7260

▪ 0.7000
-
▪ -

Waiting for some bullish evidence to show up above the level of 0.70

  • GBPJPY

 

Update: The level of 140 is broken and the way is open for the pair to reach the support level of 136. The pair is traded above a strong support level that is 140 so we will be waiting for some bullish evidence to show up above this level to confirm that the pair will reverse.

 

Resistance levels: Support levels: Recommended:
156
 155
 149

 140.50
140
 139

Waiting for some bullish evidence to show up above the support level of 140.

 

 

 

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