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

5 March 2021

powered by Land-FX

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  • EURUSD

 

Update: On its way to its downside target. As could be seen on the chart above that the pair is trading above a strong support level that is the uptrend line. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.2150 followed by 1.2200. On the other hand, if the uptrend line is broken, we might go short to target the level of 1.1900.

 

Resistance levels: Support levels: Recommended:
 1.2150
1.2100
▪ 1.2050
▪ 1.1950
 1.1900
 1.1850

We are bullish as long as the pair is trading above the uptrend line.

  • GBPUSD

 

Update: Targets were hit. The chart above shows that the pair is about reaching a strong resistance level that is 1.4000. Therefore, we are bearish as long as the pair is trading below it. Our targets: 1.3900 followed by 1.3850. On the other side, if the level of 1.4000 is broken, we might go long to target the level of 1.4050.

 

Resistance levels: Support levels: Recommended:
▪ 1.4150
 1.4100
▪ 1.4050
 1.3900
 1.3850
 1.3800

We are bearish as long as the pair is trading below 1.4000.

  • GOLD

Update: Targets were hit. The chart above shows that the pair is trading below a strong resistance level that is 1827. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1700 followed by 1680.

 

Resistance levels: Support levels: Recommended:
 1890
 1870
 1827
 1700
 1680
 1650
We are bearish as long as the pair is trading below 1827.

  • AUDUSD

 

Update: The pair broke through the support level. The chart above shows that the pair is trading above a strong support level that is 0.7700. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7950 followed by 0.8000.

 

Resistance levels: Support levels: Recommended:

▪ 0.8050
0.8000
0.7950

▪ 0.7700
0.7650
▪ 0.7600

We are bullish as long as the pair is trading above the level of 0.7700.

  • GBPJPY

 

As could be seen on the chart above that the pair is trading above a strong support level that is 147.33. Therefore, we are bullish as long as the pair is trading above it. Our first is 150.44.

 

Resistance levels: Support levels: Recommended:
151.00
 150.44
 150.00

 147.33
146.00
 145.50

We are bullish as long as the pair is trading above the level of 147.33.


 

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