News & Research

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 November 2020

powered by Land-FX

Nothing important for today!

 

 

  • EURUSD

 

Update: We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.2000. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1900 followed by 1.1850.

 

Resistance levels: Support levels: Recommended:
 1.2080
1.2050
▪ 1.2000
▪ 1.1900
 1.1850
 1.1800

We are bearish as long as the pair is trading below the level of 1.2000

  • GBPUSD

 

Update: The pair started going downwards as expected and the targets were hit.. The chart above shows that the pair is trading below a strong resistance level that is 1.3400. Therefore, we are bearish. Our first target is 1.1.3350 followed by 1.3300.

 

Resistance levels: Support levels: Recommended:
▪ 1.3500
 1.3450
▪ 1.3400
 1.3350
 1.3300
 1.3250

We are bearish as long as the pair is trading below the level of 1.3400.

  • GOLD

 

Update: Targets were hit. The chart above shows that the pair is trading below a strong resistance level that is 1850. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1800 followed by 1780.

 

Resistance levels: Support levels: Recommended:
 1900
 1890
 1850
 1800
 1780
 1750
We are bearish as long as the pair is trading below the level of 1850.

  • AUDUSD

 

Update: We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7410. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.7300 followed by 0.7250.

 

Resistance levels: Support levels: Recommended:

▪ 0.7480
0.7450
0.7410

▪ 0.7300
0.7250
▪ 0.7200

We are bearish as long as the pair is trading below the level of 0.7410

  • GBPJPY

 

Update: Our target was hit. As could be seen on the chart above that the pair is trading below a strong resistance level that is 140.50. Therefore, we are bearish as long as the pair is trading below it. Our first target is 138.60

 

Resistance levels: Support levels: Recommended:
142.00
 141.50
 140.50

 138.00
138.00
 137.50

We are bearish as long as the pair is trading below the level of 140.50.


 

 

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