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

29 January 2023

powered by Land Prime

 

  • EURUSD

The pair has been trading below a strong resistance level that is 1.0910. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0700 – 1.0600. On the other hand, a daily close above 1.0910 would push the pair towards: 1.1100 – 1.1200.

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

Bearish below 1.0910
  • GBPUSD

The chart above shows that the pair is trading above a strong support level that is 1.2600. Therefore, we are bullish as long as the pair is trading above it with targets: 1.2740 – 1.2800. On the other hand, a daily close below 1.2600 would push the pair towards: 1.2500.

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

Bullish above 1.2600.
  • GOLD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 2060. Therefore, we are bearish as long as the pair is trading below it with targets: 2020 – 2000. On the other hand, a daily close above 2065 would push the pair towards: 2087

Resistance levels: Support levels: Recommended:
▪ 2140
▪ 2100
▪ 2090		 ▪ 2015
▪ 2000
▪ 1990		 Bearish below 2063

  • AUDUSD

The chart above shows that the pair is above to break through the level of 0.6524. Therefore, we will be waiting for the confirmation of the breakout then we might go short to target: 0.6440 – 0.6400.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6950
▪ 0.6700

▪ 0.6500
▪ 0.6400
▪ 0.6350

Bearish below 0.6700
  • GBPJPY

As could be seen on the chart above that the pair is trading below a strong resistance level that is 188.22. Therefore, we are bearish as long as the pair is trading below it with targets: 184 – 183.

Resistance levels: Support levels: Recommended:
▪ 190.00
▪ 189.00
▪ 188.22

▪ 178.50
▪ 178.00
▪ 177.00

Bearish below 188.22

 

 

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