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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

27 October 2020

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  • EURUSD

 

The chart above shows that the pair is trading above a strong support level. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.18 followed by 1.1850. On the other hand, if the pair manages to break through the level of 1.1700 this means that we can go short targeting the level of 1.1650  followed by 1.1600.

 

Resistance levels: Support levels: Recommended:
 1.1900
1.1850
▪ 1.1800
▪ 1.1700
 1.1650
 1.1600

We are bullish as long as the pair is trading above the level of 1.1700.

  • GBPUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.3000. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.2900.

 

Resistance levels: Support levels: Recommended:
▪ 1.3100
 1.3050
▪ 1.3000
 1.3100
 1.3080
 1.3050

We are bearish as long as the pair is trading below the level of 1.3000.

  • GOLD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 1860. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1850 followed by 1890.

 

Resistance levels: Support levels: Recommended:
 1900
 1890
 1870
 1860
 1825
 1800
We are bullish as long as the pair is trading above the level of 1860.

  • AUDUSD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 0.6970. Therefore, we will be waiting for bullish evidence to show up above it then we can go long targeting the level of 0.7150.

 

Resistance levels: Support levels: Recommended:

▪ 0.7275
0.7260
0.7240

▪ 0.7030
0.7000
▪ 0.6980

We are bullish as long as the pair is trading above the level of 0.6970.

  • GBPJPY

 

As could be seen on the chart above that the pair is trading above a strong support level that is 134. Therefore, we are bullish as long as the pair is trading above it. Our first target is 137 followed by 138.

 

Resistance levels: Support levels: Recommended:
138.50
 138.00
 137.50

 134.00
133.50
 133.00

We are bullish as long as the pair is trading above the level of 134.


 

 

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