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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

10 May 2022

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  • EURUSD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.0650. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0450 – 1.0400.

Resistance levels: Support levels: Recommended:
1.0850
1.0750
▪ 1.0650
▪ 1.0450
1.0400
1.0300

Bearish below 1.0650.

  • GBPUSD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.2600. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2200 – 1.2100.

Resistance levels: Support levels: Recommended:
▪ 1.2750
1.2650
▪ 1.2600
1.2200
1.2100
1.2000

Bearish below 1.2500.

  • GOLD

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 with targets: 1900. On the other hand, a close below the uptrend line would open the door for the pair to reach 1800 - 1790.

Resistance levels: Support levels: Recommended:
1930
1915
1900
1800
1790
1750
Facing a strong support.

  • AUDUSD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7000. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6800 – 0.6750.

Resistance levels: Support levels: Recommended:

▪ 0.7200
0.7100
0.7000

▪ 0.6850
0.6800
▪ 0.6700

Bearishness above 0.7000.

  • GBPJPY

The chart above shows that the pair doesn’t show any good entry points for now. Therefore, we will be waiting for the pair to reach 158 where we can find some bullish evidence.

Resistance levels: Support levels: Recommended:
164.00
163.00
162.00

 158.00
157.50
157.00

Waiting for the pair to reach 158.

 

 

 

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