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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

13 March 2019

powered by Land-FX

Nothing important for today!

 

 

  • EURUSD

 

Update: The pair is on its way to the downtrend line. The daily timeframe shows that the pair is heading towards the downtrend line shown on the chart in red. We will be waiting for the pair to reach this level, then in case it shows up some bearish evidence, we can go short targeting the level of 1.12 during the week.

 

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 down trendline.

  • GBPUSD

 

Update: Still waiting for some bearish evidence to show up. Here comes the opportunity again to go short. The pair is very close to the level where we started our trade last week. As could be seen on the chart above that the pair is traded between two strong resistance levels: 1.33 – 1.32 so we will be waiting for some bearish evidence to show up below this level then we can go short targeting the level of 1.29 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
 1.33
▪ 1.32
 1.2730
 1.27
 1.26

We are bearish as long as the pair is traded below the level of 1.33.

  • GOLD

 

Update: The pair managed to break above the level of 1302 so a daily close will confirm the breakout. As could be seen on the chart above that the pair is traded below a strong resistance level that is 1302 so we will wait for some bearish evidence then we can go short targeting the level of 1282 during the week.

 

Resistance levels: Support levels: Recommended:
 1350
 1365
 1298
 1180
 1170

We are bearish as long as the pair is traded below the level of 1302.

  • AUDUSD

 

Update: Sill traded above the support level of 0.70 As could be seen on the chart above 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 then we can go long targeting the level of 0.7160 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: Waiting for the pair to reach the resistance level of 149. The daily timeframe shows that the pair is on its way to reach the resistance level of 148.50 – 149 so this is where we can look for some bearish evidence. In case this happens, we can go short targeting the level of 144 during the week.

 

Resistance levels: Support levels: Recommended:
156
 155
 149

 140
139
 138

Nothing to be done for now.

 

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