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

05 October 2021

powered by Land-FX

we are waiting for:

Tuesday

 

Global Services PMIs Final (SEP)

New Zealand: NZIER Business Confidence (Q3)

Japan: Tokyo CPI (SEP)

Australia: Trade Balance (AUG)

Australia: NAB Business Confidence (SEP)

Australia: Retail Sales Final (AUG)

Australia: RBA Interest Rate Decision

EU: PPI (AUG)

Canada: Trade Balance (AUG)

US: Trade Balance (AUG)

US: ISM Non-Manufacturing PMI (SEP)

US: IBD/TIPP Economic Optimism (OCT)

 

  • EURUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is the 1.1665. Therefore, we are bearish as long as the pair is trading below it with targets: 1.1500 followed by 1.1450. On the other hand, if the resistance level of 1.1665 is broken, the pair might continue going upwards to reach 1.1760 followed by 1.1900.

 

Resistance levels: Support levels: Recommended:
 1.1900
1.1760
▪ 1.1665
▪ 1.1500
 1.1450
 1.1400

We are bearish as long as the pair is trading below 1.1665.

  • GBPUSD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 1.3570. Therefore, we are bullish as long as the pair is trading above it with targets: 1.3740 followed by 1.3900. On the other hand, if the level of 1.3570 is broken, the pair could be heading towards 1.3500 followed by 1.3450.

 

Resistance levels: Support levels: Recommended:
▪ 1.3977
 1.3900
▪ 1.3740
 1.3570
 1.3500
 1.3450

We are bullish as long as the pair is trading above 1.3570

  • GOLD

 

The chart above shows that the pair is trading below a strong resistance level that is 1777. Therefore, we are bearish as long as the pair is trading below it with targets: 1748 followed by 1720. On the other hand, if the level of 1777 is broken, the pair might continue going upwards to reach 1800 followed by 1850.

 

Resistance levels: Support levels: Recommended:
 1850
 1800
 1777
 1748
 1720
 1700
We are bearish as long as the pair is trading below 1777.

  • AUDUSD

 

The chart above shows that the pair is trading above 0.7100. Therefore, we are bullish as long as the pair is trading above it with targets: 0.7400 followed by 0..7450 On the other hand, if the level of 0.7100 is broken, the pair might continue going downwards to reach 0.7050 followed by 0.7000.

 

Resistance levels: Support levels: Recommended:

▪ 0.7500
0.7450
0.7400

▪ 0.7100
0.7050
▪ 0.7000

We are bullish as long as the pair is trading above 0.7100.

  • GBPJPY

 

The chart above shows that the pair is trading below a strong resistance level that is 153.40. Therefore, we are bearish as long as the pair is trading below it with targets: 151 followed by 150.50. On the other hand, if the level of 153.40 is broken, the pair might continue going upwards to reach 154 followed by 154.40.

 

Resistance levels: Support levels: Recommended:
154.50
 154.00
 153.40

 151.00
150.50
 149.00

We are bearish as long as the pair is trading below 153.40


 

 

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