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

05 November 2021

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  • EURUSD

 

Update: First target was hit. The pair has been trading below a strong level of resistance that could be found at 1.1680. Therefore, we are bearish as long as the pair is trading below it with targets: 1.1550 – 1.1490.

 

Resistance levels: Support levels: Recommended:
▪ 1.1760
▪ 1.1750
▪ 1.1680		 ▪ 1.1550
▪ 1.1500
▪ 1.1490

We are bearish as long as the pair is trading below 1.1680.
  • GBPUSD

 

Update: First target was hit. As could be seen on the chart above that the pair is trading below a strong resistance level that is the upside of the bearish channel. Therefore, we are bearish as long as the pair is trading below it with targets: 1.3600 followed by 1.3550. On the other hand, if the upside of the bearish channel is broken, the pair could be heading towards 1.4000 followed by 1.4100.

 

Resistance levels: Support levels: Recommended:
▪ 1.4150
▪ 1.4100
▪ 1.4000		 ▪ 1.3600
▪ 1.3550
▪ 1.3500

We are bearish as long as the pair is trading below the upside of the bearish channel.

  • GOLD

 

Update: The pair started going through the resistance level. as the pair is trading below it with targets: 1743 followed by 1725. On the other hand, if the level of 1815 is broken, the pair might continue going upwards to reach 1820 followed by 1834.

 

Resistance levels: Support levels: Recommended:
▪ 1834
▪ 1820
▪ 1815		 ▪ 1750
▪ 1722
▪ 1700		 We are bearish as long as the pair is trading below 1815.

  • AUDUSD

 

A Update: First target was hit. s could be seen on the chart above that the pair is trading below 0.7460. Therefore, we are bearish as long as the pair is trading below it with targets: 0.7400 followed by 0.7360. On the other hand, if the level of 0.7460 is broken, the pair might continue going upwards to reach 0.7500 followed by 0.7550.

 

Resistance levels: Support levels: Recommended:

▪ 0.7550
▪ 0.7500
▪ 0.7460

▪ 0.7400
▪ 0.7360
▪ 0.7300

We are bearish as long as the pair is trading below 0.7460.
  • GBPJPY

 

Update: No changes. As could be seen on the chart above that the pair is trading above a strong support level that is 153.36 Therefore, we are bullish as long as the pair is trading above it with targets: 158 followed by 158.50.

 

Resistance levels: Support levels: Recommended:
▪ 160.00
▪ 158.50
▪ 158.00

▪ 153.36
▪ 153.00
▪ 152.63

We are bullish as long as the pair is trading above 156.

 

 

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