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

17 January 2023

powered by Land Prime

 

  • EURUSD

The chart above shows that the pair is trading below a strong resistance level that is 1.1024 – 1.1080. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0900 – 1.0840.

Resistance levels: Support levels: Recommended:
▪ 1.1100
▪ 1.1080
▪ 1.1024		 ▪ 1.0700
▪ 1.0650
▪ 1.0600

Bearish below 1.1080
  • GBPUSD

The daily chart shows that the pair is trading below a strong area of resistance namely 1.2800. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2600 – 1.2500. On the other hand, a daily close above 1.2800, would push the pair towards: 1.2900 – 1.3000.

Resistance levels: Support levels: Recommended:
▪ 1.3000
▪ 1.2900
▪ 1.2800		 ▪ 1.2600
▪ 1.2500
▪ 1.2400

Bearish below 1.2800
  • GOLD

The pair is heading towards 2090. We will be waiting for the pair to reach that level then from there we might go short. Therefore, we are bearish as long as the pair is trading below it with target: 2015 – 2000. On the other hand, we might go long if the pair closes above 2090 to target: 2100 – 2140.

Resistance levels: Support levels: Recommended:
▪ 2140
▪ 2100
▪ 2090		 ▪ 2015
▪ 2000
▪ 1990		 Bearish below 2090

  • AUDUSD

As could be seen on the chart above that the pair is trading below 0.6700. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6500 – 0.6400.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6950
▪ 0.6700

▪ 0.6500
▪ 0.6400
▪ 0.6350

Bearish below 0.6700
  • GBPJPY

The chart above shows that the pair is trading above a strong support level that is 184. Therefore, we are bullish as long as the pair is trading above it with targets: 186 - 187

Resistance levels: Support levels: Recommended:
▪ 184.00
▪ 181.00
▪ 180.50

▪ 178.50
▪ 178.00
▪ 177.50

Bullish above 184

 

 

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