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

1 March 2024

powered by Land Prime

  • EURUSD

Update: No changes!

  The chart above shows that the pair is trading below a resistance level that is 1.0911. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0800 – 1.0730. On the other hand, a daily close above 1.0911 would push the pair towards: 1.1040.

Resistance levels: Support levels: Recommended:
▪ 1.1100
▪ 1.1080
▪ 1.0910		 ▪ 1.0700
▪ 1.0650
▪ 1.0600

Bearish below 1.0700
  • GBPUSD

Update: We remain bearish!

The chart above shows that the pair is trading below a strong resistance level that is the down trendline. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2600 – 1.2550.

Resistance levels: Support levels: Recommended:
▪ 1.2850
▪ 1.2800
▪ 1.2750		 ▪ 1.2600
▪ 1.2550
▪ 1.2500

Bearish below the down trendline.
  • GOLD

Update: Targets were hit!

The pair managed to break through a strong resistance level that is 2040 and is trading above it now. Therefore, we are bullish as long as the pair is trading above it with targets: 2050 – 2060. On the other hand, a daily close below 2040 would push the pair towards: 2030 – 2020.

Resistance levels: Support levels: Recommended:
▪ 2070
▪ 2060
▪ 2050		 ▪ 2040
▪ 2030
▪ 2020		 Bearish below 2040

  • AUDUSD

Update: On its way to hit its targets!

The chart above shows that the pair has been trading below a strong resistance that is 0.6600. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6450 – 0.6400.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6950
▪ 0.6700

▪ 0.6500
▪ 0.6400
▪ 0.6350

Bearish below 0.6700
  • GBPJPY

Update: The pair would reach its targets very soon!

As could be seen on the chart above that the pair is trading above a strong support level that is 188. Therefore, we are bullish as long as the pair is trading above it with targets: 191 – 192.

Resistance levels: Support levels: Recommended:
▪ 193.00
▪ 192.00
▪ 191.00

▪ 188.50
▪ 188.00
▪ 187.00

Bearish below 188

 

 

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