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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

14 December 2021

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  • EURUSD

 

Update: The pair has been trading between two strong levels: 1.1500 – 1.1160. Therefore, we are bearish as long as the pair is trading below 1.1400 with targets: 1.1160. On the other hand, if the level of 1.1400 is broken, then the pair would be targeting 1.1600.

Resistance levels: Support levels: Recommended:
 1.1650
1.1533
▪ 1.1500
▪ 1.1160
 1.1100
 1.1050

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

  • GBPUSD

 

Update: The pair has been trading above a strong support level that is 1. 3160. Therefore, we are bullish as long as the pair is trading above it with targets: 1.3350 – 1.3400. On the other hand, if the level of 1.3160 is broken, the pair might continue going downwards to reach 1.3100 – 1.3050.

Resistance levels: Support levels: Recommended:
▪ 1.3450
 1.3400
▪ 1.3350
 1.3160
 1.3100
 1.3050

We are bullish as long as the pair is trading above 1.3160.

  • GOLD

 

Update: As could be on the chart above that the pair is about reaching a strong support level that is 1760. Therefore, we will be waiting for the pair to reach that level with targets: 1800.

Resistance levels: Support levels: Recommended:
 1877
 1850
 1833
 1760
 1724
 1677
Waiting for the pair to reach 1760.

  • AUDUSD

 

Update: The pair has been trading above a strong support level that is 0.6980. Therefore, we are bullish as long as the pair is trading above it with targets: 0.7350. On the other hand, if the level of 0.0.6980 is broken, the pair might continue going downwards to reach 0.6900.

Resistance levels: Support levels: Recommended:

▪ 0.7750
0.7470
0.7350

▪ 0.6980
0.6950
▪ 0.6900

We are bullish as long as the pair is trading above 0.6980.

  • GBPJPY

 

Update: As could be seen on the chart above that the pair has been trading above a strong support level that is 148.50 Therefore, we are bullish as long as the pair is trading above it with targets: 152 followed by 153. On the other hand, if the level of 148.50 is broken, the pair might continue going downwards to reach 147.50.

Resistance levels: Support levels: Recommended:
153.50
 153.00
 152.00

 149.00
148.50
 148.00

We are bullish as long as the pair is trading above 148.50.

 

 

 

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