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

21 July 2023

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  • EURUSD

Update: Target was hit. The pair is facing a strong resistance level around 1.13. Therefore, we are bearish as long as the pair is trading below it with targets: 1.12 – 1.1. On the other hand, a close above 1.13 would push the pair towards 1.14 – 1.15.

Resistance levels: Support levels: Recommended:
▪ 1.1500
▪ 1.1400
▪ 1.1300		 ▪ 1.1000
▪ 1.0900
▪ 1.0800

 Bearish below 1.13.
  • GBPUSD

Update: Target was hit. As could be seen on the chart above that the pair is facing a strong resistance level that is 1.3100. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2800 – 1.2700.

Resistance levels: Support levels: Recommended:
▪ 1.3150
▪ 1.3100
▪ 1.3050		 ▪ 1.2900
▪ 1.2800
▪ 1.2750

Bearish below 1.3100.
  • GOLD

Update: Target was hit. The chart above shows that the pair has been trading above a strong support level that is 1950. Therefore, we are bullish as long as the pair is trading above it with targets: 1960 - 1970. On the other hand, a close below 1900 would push the pair towards: 1850 – 1830.

Resistance levels: Support levels: Recommended:
▪ 1990
▪ 1985
▪ 1970		 ▪ 1950
▪ 1925
▪ 1900		 Bullish above 1950.

  • AUDUSD

Update: Target was hit. The chart above shows that the pair is trading below 0.69. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6700.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6950
▪ 0.6900

▪ 0.6500
▪ 0.6400
▪ 0.6300

Bearish below 0.6900.
  • GBPJPY

Update: The pair went upwards. The chart above shows that the pair is trading above a strong support level that is 180. Therefore, we are bullish as long as the pair is trading above it with targets: 184 – 185. On the other hand, a close below 180 would push the pair towards 178 – 177.

Resistance levels: Support levels: Recommended:
▪ 186.00
▪ 185.00
▪ 184.00

▪ 180.00
▪ 179.00
▪ 178.50

Pending..

 

 

 

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