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

12 July 2024

powered by Land Prime

  • EURUSD

 

Update: No changes! The chart above shows that the pair has been trading below a strong resistance level of 1.0900. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0750 – 1.0700.

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

Bearish below 1.0900. 
  • GBPUSD

Update: No changes! As could be seen on the chart above that the pair has been 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 went the other way around! The chart above shows that the pair has been trading below 2395. Therefore, we are bearish as long as the pair is trading below it with targets: 2350 – 2322.

Resistance levels: Support levels: Recommended:
▪ 2430
▪ 2400
▪ 2395		 ▪ 2270
▪ 2250
▪ 2225		 Bearish below 2395.

  • AUDUSD

Update:Targets were hit! The chart above shows that the pair is trading above 0.6700. Therefore, we are bullish as long as the pair is trading above it with targets: 0.6800 – 0.6850.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6900
▪ 0.6822

▪ 0.6700
▪ 0.6650
▪ 0.6600

Bearish below 0.6700
  • GBPJPY

Update: No changes! The chart above shows that the pair is trading above a strong support level that is 203.40. Therefore, we are bullish as long as the pair is trading above it with targets: 207 – 208.

Resistance levels: Support levels: Recommended:
▪ 210.00
▪ 209.00
▪ 208.00

▪ 203.40
▪ 203.00
▪ 202.50

Bullish above 203.40

 

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