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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

22 September 2020

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  • EURUSD

 

The chart above shows that the pair is trading below a strong resistance level that is 1.1700. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1655.

 

Resistance levels: Support levels: Recommended:
 1.1800
1.1750
▪ 1.1700
▪ 1.1655
 1.1600
 1.1580

We are bearish as long as the pair is trading below the level of 1.1700.

  • GBPUSD

 

The chart above shows that the pair is trading below a strong resistance level that is 1.2775. Therefore, we are bearish as long as the pair is trading below it. First target is 1.2700.

 

Resistance levels: Support levels: Recommended:
▪ 1.2800
 1.2775
▪ 1.2750
 1.2700
 1.2680
 1.2640

We are bearish as long as the pair is trading below the level of 1.2775.

  • GOLD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1885. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1866.

 

Resistance levels: Support levels: Recommended:
 1980
 1950
 1885
 1866
 1840
 1820
We are bearish as long as the pair is trading below the level of 1885.

  • AUDUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7120. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.7070.

 

Resistance levels: Support levels: Recommended:

▪ 0.7160
0.7130
0.7120

▪ 0.7070
0.7040
▪ 0.7020

We are bearish as long as the pair is trading below the level of 0.7120.

  • GBPJPY

 

The chart above shows that the pair is trading below a strong resistance level that is 134.70. Therefore, we are bearish as long as the pair is trading below it. Our first target is 132.50.

 

Resistance levels: Support levels: Recommended:
134.70
 134.50
 134.20

 133.00
132.80
 132.50

We are bearish as long as the pair is trading below the level of 134.70.


 

 

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