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

25 January 2019

powered by Land-FX

Nothing important for today

 

 

  • EURUSD

 

Update: The pair started showing some bullish movement above the mentioned levels. As could be seen on the daily time frame that the pair is about to reach a strong support level that is 1.13 to 1.1250. In case the pair shows up some bullish evidence above this area, we can go long targeting the level of 1.15 during the week. This is conditioned by the continuation of trading above the level of 1.13.

 

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

We are bullish as long as the pair is traded above the level of 1.1250.

  • GBPUSD

 

Update: Still waiting for the pair to hit its 2nd target. Having the pair traded above a strong support level that is 1.2550 means that the pair might continue going up to reach the level of 1.30 followed by 1.33 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
 1.3350
▪ 1.31
 1.2550
 1.2370
 1.23

We are bullish as long as the pair is traded above the level of 1.2550.

  • GOLD

 

Update: On its way to its target at 1297. The 4-hour timeframe shows that the pair is traded above a strong support level that is 1276 so we are bullish as long as the pair is traded above this level. Our first target is 1297. This is conditioned by the continuation of trading above the level of 1276.

 

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

We are bullish as long as the pair is traded above the level of 1276.

  • AUDUSD

 

Update: We remain the same. The daily timeframe shows that the pair is about to reach a strong support level that is 0.70. In case the pair reaches this level and shows up some bullish evidence, we can go long targeting the level of 0.71 followed by 0.72 during the week.

 

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 0.70.

  • GBPJPY

 

Update: The pair did not respect the level of 141.34 and continued going up to the 2nd resistance level that is 143.76 so we will be waiting for some bearish evidence to show up below this level.. There is no clear area where we can enter the market for now. So, it is better to wait for the pair to reach the level of 141.34 which is where we can look for some bearish evidence in order to go short.

 

Resistance levels: Support levels: Recommended:
156
 155
 141.34

 136
135
 134

Waiting for the pair to reach the level of 141.34

 

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.