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 May 2024
powered by Land Prime
![](/assets/common/main/img/w/common/market_research/img/currency_eur.svg)
![](/assets/common/main/img/w/common/market_research/img/currency_usd.svg)
- EURUSD
![](https://asset.land-fx.com/research/1716513054/8d36c47a-1c26-433a-b3ef-7f203fbcf266.png)
Update: The pair has reached a strong resistance level that is the downtrend line shown on the chart above. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0700 – 1.0650. On the other hand, a close above it would push the pair towards 1.0880 – 1.0900.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1.0950 ▪ 1.0900 ▪ 1.0850 |
▪ 1.0500 ▪ 1.0400 ▪ 1.0350 |
Bearish below the downtrend line.
|
![](/assets/common/main/img/w/common/market_research/img/currency_gbp.svg)
![](/assets/common/main/img/w/common/market_research/img/currency_usd.svg)
- GBPUSD
![](https://asset.land-fx.com/research/1716513054/69b6120b-328e-46cf-b20b-68b82d294947.png)
Update: The pair has been trading below a strong resistance level that is the downtrend line shown above. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2450 – 1.2400.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1.3000 ▪ 1.2900 ▪ 1.2800 |
▪ 1.2350 ▪ 1.2300 ▪ 1.2250 |
Bearish below the downtrend line.
|
![](https://asset.land-fx.com/research/1716513054/d1b52339-43e7-42c3-a516-84b1ece52287.png)
Update: As could be seen on the chart above that the pair is trading above a strong support level that is 2300. Therefore, we are bullish as long as the pair is trading above it with targets: 2350 – 2370.
Resistance levels: |
Support levels: |
Recommended: |
▪ 3100 ▪ 3050 ▪ 3000 |
▪ 2300 ▪ 2250 ▪ 2200 |
Bullish above 2300. |
![](/assets/common/main/img/w/common/market_research/img/currency_aud.svg)
![](/assets/common/main/img/w/common/market_research/img/currency_usd.svg)
- AUDUSD
![](https://asset.land-fx.com/research/1716513054/06cf66c2-e62c-4c4e-b47c-eb770aace8b6.png)
Update: As could be seen on the daily timeframe that the pair is trading below a strong resistance level that is 0.6500. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6400 – 0.6360. On the other hand, the pair would be pushed upwards towards 0.6600 – 0.6650.
Resistance levels: |
Support levels: |
Recommended: |
▪ 0.7000 ▪ 0.6950 ▪ 0.6700
|
▪ 0.6480 ▪ 0.6450 ▪ 0.6400
|
Bearish below 0.6480
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![](/assets/common/main/img/w/common/market_research/img/currency_gbp.svg)
![](/assets/common/main/img/w/common/market_research/img/currency_jpy.svg)
- GBPJPY
![](https://asset.land-fx.com/research/1716513054/d1e2c46d-6f9b-45e1-babd-61193f7bb521.png)
Update: As could be seen on the chart above that the pair has been trading above a strong support level that is 194 shown on the chart above. Therefore, we are bullish as long as the pair is trading above it with targets: 198 - 199.
Resistance levels: |
Support levels: |
Recommended: |
▪ 200.00 ▪ 199.00 ▪ 198.00 |
▪ 195.00 ▪ 194.00 ▪ 192.00
|
Bullish above the downside of the bullish channel.
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