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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

16 April 2019

powered by Land-FX

Nothing important for today.

 

 

  • EURUSD

 

As could be seen on the chart above that the pair is traded above a strong support level that is 1.1175. Therefore, we are bullish as long as the pair is traded above this level. Our first target is 1.14

 

Resistance levels: Support levels: Recommended:
 1.21
1.1850
▪ 1.18
▪ -
 1.1217
 1.1150

We are bullish as long as the pair is traded above the level of 1.1175.

  • GBPUSD

 

The daily timeframe shows that the pair is traded below a strong resistance level that is 1.33. Therefore, we are bearish as long as the pair is traded below it. Our first target is: 1.28.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
 1.3310
▪ 1.33
 1.29
 1.27
 1.26

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

  • GOLD

 

The chart above shows that the pair managed to breakthrough a strong support level that is 1280 so the pair might continue going down to reach the uptrend line shown on the chart in blue.

 

Resistance levels: Support levels: Recommended:
 1350
 1365
 1285
 1180
 1170
We are bearish as long as the pair is traded below the level of 1310.

  • AUDUSD

 

As we can see on the chart above that the pair is traded above a strong support level that is 0.70. So, we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 0.74 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

 

The chart above shows that the pair is making lower highs and lower lows which is considered to be a bearish movement. We expect that the pair might continue going down to reach the level of 143.50 conditioned by the continuation of trading below the level of 149.

 

Resistance levels: Support levels: Recommended:
156
 155
 149

 140
139
 138

Nothing to be done for now.


 

 

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