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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 July 2019

powered by Land-FX

Nothing important for today.

 

  • EURUSD

 

As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.1447. One of our important findings on the chart is a bearish engulfing pattern that helped the USD to gain value against the EUR. Therefore, we are bearish as long as the pair is traded below the resistance level of 1.1447. Our first target is 1.1217.

 

Resistance levels: Support levels: Recommended:
 1.1500
1.1450
▪ --
▪ -
 -
 1.1118

We are bearish as long as the pair is traded below the level of 1.1447

  • GBPUSD

 

As could be seen on the chart above shows that the pair is traded above a strong support level that is 1.25. Therefore, we are bullish as long as the pair is traded above it. Our first target is 1.2750.

 

Resistance levels: Support levels: Recommended:
▪ 1.36
 1.3310
▪ 1.33
 -
 1.25
 1.2450

We are bullish as long as the pair is traded above the support level of 1.25.

  • GOLD

 

As could be seen on the chart above that the pair started going down (correction) in the opposite direction. Therefore, we will be waiting for the pair to reach the support level of 1365. This is where we can look for some bullish evidence.

 

Resistance levels: Support levels: Recommended:
 1440
 1410
 1365
 1260
 1265

Waiting for the pair to reach the support level of 1365.

  • AUDUSD

 

The chart above shows that the pair formed a bearish engulfing pattern below a strong resistance level that is 0.7030. We would be waiting for the pair to confirm its coming move with a bearish candle.

 

Resistance levels: Support levels: Recommended:

▪ 0.7550
0.7600
0.7000

▪ 0.6778
0.68
▪ -

Waiting for the pair to confirm its coming move.

  • GBPJPY

 

The chart above shows that the pair is traded above a strong support level that is 134. We are looking for some bullish evidence to show up above it, then we can go long targeting the level of 140. This is conditioned by the continuation of trading above the support level of 134.

 

Resistance levels: Support levels: Recommended:
156
 155
 141

 134
133
 132

Waiting for some bullish evidence to show up.


 

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