News & Research

Market Research & Info

Land Prime 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 November 2023

powered by Land Prime

 

  • EURUSD

The chart above shows that the pair is soon reaching a strong resistance level that is 1.1080 which is where we might go short. We will be waiting for the pair to reach that level then we might go short.

Resistance levels: Support levels: Recommended:
▪ 1.1300
▪ 1.1200
▪ 1.1080		 ▪ 1.0630
▪ 1.0570
▪ 1.0500

Waiting for the pair to reach 1.1080.
  • GBPUSD

The chart above shows that the pair is trading above a strong support level of 1.2300. Therefore, we are bullish as long as the pair is trading above it with targets:1.2600 – 1.2700.

Resistance levels: Support levels: Recommended:
▪ 1.2800
▪ 1.2700
▪ 1.2600		 ▪ 1.2300
▪ 1.2250
▪ 1.2200

Bullish above 1.2300
  • GOLD

On the 4-hour chart, the pair is mixed! The core baseline is 1975. In one hand, we might be bearish as long as the pair is trading below it with targets: 1960 – 1952. On the other hand, a 4-hour close above it, would push it toward:  1977 – 1983.

Resistance levels: Support levels: Recommended:
▪ 1990
▪ 1983
▪ 1977		 ▪ 1960
▪ 1952
▪ 1950		 Baseline: 1975

  • AUDUSD

On the 4-hour chart, a strong resistance level could be found at 0.6600. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6270.

Resistance levels: Support levels: Recommended:

▪ 0.6800
▪ 0.6700
▪ 0.6600

▪ 0.6280
▪ 0.6250
▪ 0.6230

Bearish below 0.6400
  • GBPJPY

The pair managed to break through a strong resistance level that is 186.50. Therefore, it might continue going upward to reach 189.

Resistance levels: Support levels: Recommended:
▪ 190.00
▪ 187.50
▪ 187.00

▪ 186.00
▪ 185.55
▪ 185.00

Bullish above 186

 

 

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