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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

02 November 2021

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  • EURUSD

 

The pair has been trading below a strong level of resistance that could be found at 1.1680. Therefore, we are bearish as long as the pair is trading below it with targets: 1.1550 – 1.1490.

 

Resistance levels: Support levels: Recommended:
 1.1760
1.1750
▪ 1.1680
▪ 1.1550
 1.1500
 1.1490

We are bearish as long as the pair is trading below 1.1680.

  • GBPUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is the upside of the bearish channel. Therefore, we are bearish as long as the pair is trading below it with targets: 1.3600 followed by 1.3550. On the other hand, if the upside of the bearish channel is broken, the pair could be heading towards 1.4000 followed by 1.4100.

 

Resistance levels: Support levels: Recommended:
▪ 1.4150
 1.4100
▪ 1.4000
 1.3600
 1.3550
 1.3500

We are bearish as long as the pair is trading below the upside of the bearish channel.

  • GOLD

 

The pair has been trading below a strong resistance level that is 1815. Therefore, we are bearish as long as the pair is trading below it with targets: 1743 followed by 1725. On the other hand, if the level of 1815 is broken, the pair might continue going upwards to reach 1820 followed by 1834.

 

Resistance levels: Support levels: Recommended:
 1834
 1820
 1815
 1750
 1722
 1700
We are bearish as long as the pair is trading below 1815.

  • AUDUSD

 

As could be seen on the chart above that the pair is trading below 0.7460. Therefore, we are bearish as long as the pair is trading below it with targets: 0.7400 followed by 0.7360. On the other hand, if the level of 0.7460 is broken, the pair might continue going upwards to reach 0.7500 followed by 0.7550.

 

Resistance levels: Support levels: Recommended:

▪ 0.7550
0.7500
0.7460

▪ 0.7400
0.7360
▪ 0.7300

We are bearish as long as the pair is trading below 0.7460.

  • GBPJPY

 

Update: Target to the upside was hit. As could be seen on the chart above that the pair is trading above a strong support level that is 156.50156. Therefore, we are bullish as long as the pair is trading above it with targets: 158 followed by 158.50.

 

Resistance levels: Support levels: Recommended:
160.00
 158.50
 158.00

 156.50
156.00
 155.00

We are bullish as long as the pair is trading above 153.


 

 

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