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: As could be seen on the daily timeframe that the pair has been trading below a solid level (resistance) that is 1.0915. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0770 – 1.0700. On the other hand, a daily close above it, would push the pair towards: 1.1034 – 1.1150.

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

Bearish below 1.0911
  • GBPUSD

Update: As could be seen on the daily chart that the pair has been trading below a strong downtrend line. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2600 – 1.2500. On the other hand, a close above the downtrend line, would push the pair towards: 1.2800 – 1.2950.

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

Bearish below the down trendline.
  • GOLD

Update: The four-hour chart shows that the pair has reached a strong resistance level that is 2090. Therefore, we are bearish as long as the pair is trading below it with targets: 2070 – 2060. On the other hand, a close above it would push the price towards 2100 – 2150.

Resistance levels: Support levels: Recommended:
▪ 2150
▪ 2100
▪ 2090		 ▪ 2040
▪ 2030
▪ 2020		 Bearish below 2090

  • AUDUSD

Update: As could be seen on the chart above 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 0.6600
  • GBPJPY

Update: The chart above shows 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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