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

23 June 2023

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  • EURUSD

Update: We remain the same. The chart above shows that the pair has been trading below a strong resistance level that is 1.11. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0900 – 1.0800.

Resistance levels: Support levels: Recommended:
▪ 1.1250
▪ 1.1200
▪ 1.1100		 ▪ 1.0900
▪ 1.0800
▪ 1.0750

 Bearish below 1.1100.
  • GBPUSD

Update: Target was hit. As could be seen on the chart above, the pair is trading below a strong resistance level that is 1.2850. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2700 – 1.2650.

Resistance levels: Support levels: Recommended:
▪ 1.2950
▪ 1.2900
▪ 1.2850		 ▪ 1.2700
▪ 1.2650
▪ 1.2600

Bearish below 1.2850.
  • GOLD

Update: Target was hit. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1970. Therefore, we are bearish as long as the pair is trading below it with targets: 1940 – 1924.

Resistance levels: Support levels: Recommended:
▪ 1990
▪ 1985
▪ 1970		 ▪ 1935
▪ 1930
▪ 1900		 Bearish below 1970.00

  • AUDUSD

The chart above shows that the pair is trading below a strong resistance level that is 0.67. Therefore, we are bearish as long as the pair is trading below it with targets: 0.66 – 0.6580.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6900
▪ 0.6800

▪ 0.6500
▪ 0.6400
▪ 0.6300

Bullish above 0.6700.
  • GBPJPY

Update: Target was hit. The chart above shows that the pair is trading above a strong support level that is 179. Therefore, we are bearish as long as the pair is trading above it with targets: 180 – 181.

Resistance levels: Support levels: Recommended:
▪ 185.00
▪ 182.50
▪ 182.00

▪ 179.00
▪ 178.00
▪ 177.00

Bullish

 

 

 

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