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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

11 January 2022

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  • EURUSD

Update: As could be seen on the chart above that the pair has been ranging between a strong resistance level that is 1.1400 and 1.1220 (support). Therefore, we are bearish as long as the pair is trading below it with targets: 1.1225 followed by 1.1150. On the other hand, if the level of 1.1400 is broken, the pair might continue going upwards to reach 1.1450 followed by 1.1500.

Resistance levels: Support levels: Recommended:
 1.1500
1.1450
▪ 1.1400
▪ 1.1225
 1.1150
 1.1100

We are bearish as long as the pair is trading below 1.1400.

  • GBPUSD

Update: As could be seen on the chart above that the pair is trading below 1.3700 (strong resistance level). Therefore, we are bearish as long as the pair is trading below it with targets: 1.3400 followed by 1.3350. On the other hand, if the level of 1.3700 is broken, the pair might reach 1.3800.

Resistance levels: Support levels: Recommended:
▪ 1.3900
 1.3800
▪ 1.3700
 1.3400
 1.3350
 1.3300

We are bearish as long as the pair is trading below 1.3700.

  • GOLD

Update: The chart above shows that the pair has been trading below a strong resistance level that is 1831. Therefore, we are bearish as long as the pair is trading below it. On the other hand, if the level of 1831 is broken, the pair might continue going upwards to reach 1850 then 1875.

Resistance levels: Support levels: Recommended:
 1877
 1850
 1831
 1770
 1750
 1700
We are bearish as long as the pair is below 1831.

  • AUDUSD

Update: The chart above shows that the pair is trading above a strong support level that is 0.7100. Therefore, we are bullish as long as the pair is trading above it with targets: 0.7300 followed by 0.7350. On the other hand, a close below 0.7100, would open the door for the pair to reach 0.7000.

Resistance levels: Support levels: Recommended:

▪ 0.7350
0.7300
0.7280

▪ 0.7100
0.7050
▪ 0.7000

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

  • GBPJPY

Update: As could be seen on the chart above that the pair is trading below a strong resistance level (158.20). Therefore, we are bearish as long as the pair is trading below it with targets: 155. On the other hand, if the level of 158.30 is broken, the pair might reach 159 followed by 160.

Resistance levels: Support levels: Recommended:
160.00
 159.00
 158.00

 155.00
154.50
 153.00

We are bearish as long as the pair is trading below 158.30.

 

 

 

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