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

26 June 2024

powered by Land Prime

  • EURUSD

Update: The chart above shows that the pair is trading below a strong resistance level that is 1.0750. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0630 – 1.0600.

Resistance levels: Support levels: Recommended:
▪ 1.0950
▪ 1.0900
▪ 1.0850		 ▪ 1.0500
▪ 1.0400
▪ 1.0350

Bearish below 1.0750. 
  • GBPUSD

Update: The chart above shows that the pair is trading below 1.2800 which is a strong resistance level. Therefore, we are bearish as long as the pair is trading below it with targets to the downside as follows: 1.2600 – 1.2500. On the other hand, a close above 1.2900 would push the pair towards 1.3000.

Resistance levels: Support levels: Recommended:
▪ 1.3100
▪ 1.3000
▪ 1.2800		 ▪ 1.2600
▪ 1.2550
▪ 1.2500

Bearish below 1.2800.
  • GOLD

Update: The pair has been trading below a strong resistance level that is 2325. Therefore, we are bearish as long as the pair is trading below it with targets: 2275.

Resistance levels: Support levels: Recommended:
▪ 2400
▪ 2350
▪ 2325		 ▪ 2270
▪ 2250
▪ 2225		 Bearish below 2325.

  • AUDUSD

Update: The pair has been trading below a strong resistance level that is 0.6700. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6600 – 0.6580. On the other hand, if the pair managed to break above 0.6700, it would be a good opportunity to go long.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6900
▪ 0.6822

▪ 0.6260
▪ 0.6200
▪ 0.6150

Bearish below 0.6700
  • GBPJPY

Update: The chart above shows that the pair is trading above a strong resistance level that is 200.40. Therefore, we are bullish as long as the pair is trading above it with targets: 204 – 206.

Resistance levels: Support levels: Recommended:
▪ 207.00
▪ 206.00
▪ 204.50

▪ 200.40
▪ 200.00
▪ 199.00

Bullish above 200.40

 

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