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

30 July 2024

powered by Land Prime

  • EURUSD

Update: As could be seen on the chart above that the pair has been trading above a strong support level that is 1.0800. Therefore, we are bullish as long as the pair is trading above it with targets: 1.08800. On the other hand, a close below 1.0800 would push the pair even lower to reach 1.0723.

Resistance levels: Support levels: Recommended:
▪ 1.0950
▪ 1.0900
▪ 1.0850		 ▪ 1.0800
▪ 1.0750
▪ 1.0700

Bearish below 1.0800. 
  • GBPUSD

Update: The chart above shows that the pair has been trading above 1.2800 which is a strong support level. Therefore, we are bullish as long as the pair is trading above it with targets: 1.2900 – 1.2950. A close below 1.2800 would push the pair towards 1.2690.

Resistance levels: Support levels: Recommended:
▪ 1.3000
▪ 1.2950
▪ 1.2900		 ▪ 1.2800
▪ 1.2750
▪ 1.2700

Bearish below 1.2800.
  • GOLD

Update: As could be seen on the chart above that the pair is trading above 2350. Therefore, we are bullish as long as the pair is trading above it with targets: 2400 – 2450.

Resistance levels: Support levels: Recommended:
▪ 2550
▪ 2500
▪ 2490		 ▪ 2350
▪ 2300
▪ 2250		 Bearish below 2350.

  • AUDUSD

Update:As could be seen on the chart above that the pair is trading above 2350. Therefore, we are bullish as long as the pair is trading above it with targets: 2400 – 2450.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6900
▪ 0.6600

▪ 0.6500
▪ 0.6450
▪ 0.6400

Bearish below 0.6600
  • GBPJPY

 

Update: As could be seen on the chart above that the pair is trading below 200.40. Therefore, we are bearish as long as the pair is trading below it with targets: 195 – 194. A close above 200.40 would push the pair even higher.

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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