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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

25 September 2024

powered by Land Prime

  • EURUSD

Update: The EURUSD pair is trading near the 1.1180 level, showing bullish momentum as it approaches the key resistance at 1.1223. A successful break above this level could push the price towards 1.1260, with further gains potentially targeting the 1.1300 zone. However, if the price fails to sustain above the 1.1180 region, a retracement towards 1.0993 support could occur. The RSI is currently at 62, indicating bullish conditions but not yet overbought, suggesting there may still be room for upward movement. A break below 1.0993 would shift the outlook to bearish, eyeing 1.0776 as the next support.

Resistance levels: Support levels: Recommended:
1.1260
1.1200
1.1150
1.1090
1.1000
1.0934

Bearish below 1.1260. 

  • GBPUSD

Update: GBPUSD is currently trading near 1.3417, approaching the key resistance level at 1.3487. A breakout above 1.3487 could signal further bullish movement towards the 1.3754 level, opening the way for additional upside momentum. However, if the price faces rejection at this resistance, a potential pullback to the 1.3268 support could occur, with the next major support sitting around 1.2998. The bullish outlook remains intact unless the pair drops below 1.2998, which could shift focus to downside risks. A break below this level may signal the end of the current bullish trend.

Resistance levels: Support levels: Recommended:
▪ 1.3700
1.3600
▪ 1.3500
1.3000
1.2900
1.2800

Bearish below 1.3000

  • GOLD

Update: XAUUSD (Gold) is currently trading around 2659, having broken through key resistance at 2588. The next resistance is at 2659, and a successful breakout could lead to further gains towards the 2750 area. However, if the price faces resistance at 2659, a pullback towards 2588 or even 2530 is possible. The bullish momentum remains intact, supported by the OsMA indicator showing strong upward pressure. As long as gold remains above 2588.63, the outlook remains bullish, but a break below 2530 would suggest a deeper correction might be on the horizon.

Resistance levels: Support levels: Recommended:
2890
2800
2700
2588
2550
2500
Bearish below 2588.

  • AUDUSD

Update: AUDUSD is currently trading near 0.6897, approaching resistance at 0.6895. A breakout above this level could push the pair towards the next target at 0.6929. If the price fails to break through, a pullback to the support at 0.6822 is likely, with a potential move down towards 0.6579 if bearish momentum strengthens. The OsMA indicator shows positive momentum, suggesting further upside potential. However, a sustained move below 0.6622 would negate the current bullish trend and shift the focus towards lower support levels, with 0.6441 acting as a key downside target.

Resistance levels: Support levels: Recommended:

▪ 0.7000
0.6900
0.6824

▪ 0.6700
0.6650
▪ 0.6600

Bearish below 0.6824

  • GBPJPY

 

Update: GBPJPY is trading around 191, having broken through a descending trendline and approaching resistance at 193. A breakout above 193 could signal further bullish momentum toward the key psychological level of 200. On the downside, if the price fails to hold above 191, a pullback to the support at 188 is possible. The OsMA indicator shows weakening bullish momentum, suggesting caution for further upside. A break below 188 could see the pair target lower support at 183. The overall trend has shifted to bullish as long as the price remains above the trendline and key support levels.

Resistance levels: Support levels: Recommended:
195.60
194.00
193.00

 186.50
185.00
184.00

Bullish above 188

 

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