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

17 September 2021

powered by Land-FX

we are waiting for:

Nothing

 

 

  • EURUSD

 

UPDATE: The  pair did not break through the neckline.  The chart above shows that the pair is forming a heading a shoulder pattern. Therefore, we will be waiting for the pair to reach the neckline of the pattern that could be found at 1.1900.  After the breakout of this level, we might go long to target 1.2000.

 

Resistance levels: Support levels: Recommended:
 1.2025
1.1975
▪ 1.1900
▪ 1.1750
 1.1700
 1.1650

Waiting for the pair to reach the neckline.

  • GBPUSD

 

The chart above shows that the pair is trading below 1.3900. Therefore, we are bearish as long as the pair is trading below it with targets: 1.3800 followed by 1.3750. On the other hand, if the level of 1.3900 is broken, the pair might continue going upwards to reach 1.3950 followed by 1.4000.

 

Resistance levels: Support levels: Recommended:
▪ 1.4000
 1.3950
▪ 1.3900
 1.3800
 1.3750
 1.3700

We are bearish as long as the pair is trading below 1.3900.

  • GOLD

 

The chart above shows that the pair is trading below a strong resistance level that is 1835 besides the upside of the bearish channel. Therefore, we are bearish as long as the pair is trading below it with targets: 1730 followed by 1700. On the other hand, if the level of 1835 is broken, the pair might continue going upwards to reach 1860 followed by 1900.

 

Resistance levels: Support levels: Recommended:
 1900
 1860
 1835
 1730
 1700
 1685
We are bearish as long as the pair is trading above 1835.

  • AUDUSD

 

As could be seen on the chart above that the pair is trading below 0.7400. Therefore, we are bearish as long as the pair is trading below it with targets: 0.7290 followed by 0.7200.

 

Resistance levels: Support levels: Recommended:

▪ 0.7600
0.7550
0.7400

▪ 0.7290
0.7200
▪ 0.7150

We are bearish as long as the pair is trading below 0.7400.

  • GBPJPY

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 152.80. Therefore, we are bearish as long as the pair is trading below it with targets: 151.80 followed by 151. On the other hand, if the level of 152.80 is broken, the pair might continue going upwards to reach 153.50

 

Resistance levels: Support levels: Recommended:
154.00
 153.50
 152.80

 151.40
151.00
 150.50

We are bearish as long as the pair is trading below 152.80.


 

 

Disclaimer: The information contained in this publication is produced by Land-FX and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land-FX current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land-FX. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.