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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 February 2017

powered by Land Prime

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  • EURUSD

The pair may continue going up to reach the level of 1.0730 during the day then a pullback is expected. Therefore, the pair may go down targeting the level of 1.0630 during the day. Let's see what will happen?

Resistance levels: Support levels: Recommended:
▪ 1.0730
▪--
▪ --		 ▪ 1.0550
▪ 1.0630
▪ --		 We remain bearish as long as the pair is traded below the level of 1.0620
  • GBPUSD

The pair is traded above a strong support level around 1.2470 so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1.2650 during the day. If the pair breaks through the level of 1.2470 then the way would be open for the pair to reach the level of 1.2400

Resistance levels: Support levels: Recommended:
▪ 1.2670
▪ 1.2700
▪ --		 ▪ 1.2470
▪ 1.2400
▪ --		 We remain bullish as long as the pair is traded above the level of 1.2470
  • GOLD

The pair is traded below a strong resistance level around 1242 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1235 during the day.

Resistance levels: Support levels: Recommended:
▪ 1242
▪ 1240
▪ --		 ▪ 1235
▪ --
▪ --		 We remain bearish as long as the Gold is traded below the level of 1242
  • AUDUSD

The pair is going to be traded near to very strong resistance levels around 0.7700 – 0.7730 so if the pair shows some negative factors below them, we may go short targeting the level of 0.7600 during the day
Resistance levels: Support levels: Recommended:
▪ 0.7700
▪0.7730
▪--		 ▪ 0.7600
▪ 0.7530
▪ --		 We remain bearish as long as the pair is traded below the level of 0.7730
  • GBPJPY

Will the level of 140.75 hold? This is what we need to witness today that in case the level of 140.75 holds then a pullback is expected during the day. On the other hand, breaching the level of 140.75 opens the door for the pair to reach at least the level of 140.

Resistance levels: Support levels: Recommended:
▪ 144
▪ 143
▪ --

▪ 141
▪ 140.75
▪ --

 Will the level of 140.75 hold?
The evening report for the 9th of FEB 2017

EURUSD: The same scenario.
GBPUSD: The same scenario.
GOLD:The same scenario.
AUDUSD: On its way to its final target.
GBPJPY: The pair managed to break through the level of 140.75.

Remember: Your capital is at risk!