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Penyelidikan & Maklumat Pasaran

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

20 February 2025

powered by Land Prime

  • EURUSD

Update: The Euro has encountered a crucial resistance zone at 1.0540 – 1.0602, an area that previously acted as a strong supply zone. While there has been a short-term recovery, the pair remains within a broader bearish structure unless buyers can firmly push above 1.0602. RSI (14) at 52.68 signals market indecision, with no clear dominance from either bulls or bears. A rejection at this resistance may invite renewed selling, pushing the pair toward the next key support at 1.0175. A successful break above 1.0602, however, could shift sentiment and pave the way for a stronger bullish reversal.

Resistance levels: Support levels: Recommended:
1.1000
1.0900
1.0600
1.0300
1.0200
1.0100

Bearish below 1.0600

  • GBPUSD

Update: GBP/USD has managed to regain some strength after hitting a multi-month low, currently testing the 38.2% Fibonacci retracement level of its recent decline. The 200-day moving average, seen in red, is acting as a dynamic resistance, making the 1.2597 level a key battleground for both bulls and bears. A successful break above this could open the way toward the 50% retracement level at 1.2750. However, if the pair fails to hold above 1.2597, renewed selling pressure could drive prices back toward 1.2089 support. MACD is showing early signs of bullish momentum, but confirmation is needed.

Resistance levels: Support levels: Recommended:  
▪ 1.3200
1.3100
▪ 1.3035
1.2400
1.2350
1.2300

Bearish below 1.2600

 

  • GOLD

Update: Gold continues its strong uptrend, currently trading near the 2933 resistance zone after an impressive rally. The RSI (14) at 70.32 suggests the metal is nearing overbought conditions, indicating a possible correction in the short term. However, as long as support at 2876 holds, the bullish momentum is likely to continue. A break above 2933 could see gold extend toward 3000, while a rejection from current levels might push prices back toward 2791 before resuming the uptrend. Traders should watch for consolidation or profit-taking before deciding the next move.

Resistance levels: Support levels: Recommended:
3000
2950
2900
2790
2700
2600
Bullish above 2790.

  • AUDUSD

Update: The Australian dollar has found some footing after a sharp decline, currently hovering around the 23.6% Fibonacci retracement level of its latest downtrend. The price is attempting a recovery, but significant resistance lies at 0.6420, which aligns with the 38.2% retracement level. A break above this could open the door for a move toward 0.6560 (50% retracement), but the broader trend remains bearish unless this level is breached. On the downside, immediate support is at 0.6165, and a failure to hold above it could see further declines toward 0.6130. The OsMA indicator suggests that momentum is starting to turn positive, but the trend remains fragile.

Resistance levels: Support levels: Recommended:

▪ 0.6700
0.6650
0.6420

▪ 0.6100
0.6000
▪ 0.5950

Bearish below 0.6420

  • GBPJPY

 

Update: The Pound is struggling to find direction against the Japanese Yen, currently trading between key support at 188.06 – 187.15 and resistance near 198.80. The pair has shown resilience, bouncing from recent lows, but the overall structure remains choppy. The Awesome Oscillator (AO) indicates a slight bullish momentum buildup, though it is still too early to confirm a strong reversal. A break above 198.80 could trigger a stronger rally, while a failure to maintain support at 188.06 would expose the pair to further downside toward 185.30.

Resistance levels: Support levels: Recommended:
201.00
200.00
190.80

 189.20
188.00
187.00

Bearish below 188.00.

 

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