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

19 August 2022

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  • EURUSD

Update: Targets were hit. The chart above shows that the pair is trading below 1.0350. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0000 – 0.9950. On the other hand, a daily close above 1.0350 would push the pair upwards that it might reach 1.0460.

Resistance levels: Support levels: Recommended:
▪ 1.0850
▪ 1.0750
▪ 1.0350		 ▪ 1.0100
▪ 1.1000
▪ 0.9950

Bearishness below 1.0350.
  • GBPUSD

Update: Targets were hit. The chart above shows that the pair is trading below 1.2150. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2000 – 1.1900.

Resistance levels: Support levels: Recommended:
▪ 1.2550
▪ 1.2450
▪ 1.2150		 ▪ 1.2000
▪ 1.1940
▪ 1.1900

Bearishness below 1.2150.

  • GOLD

Update: Target was hit. The pair is trading below a strong resistance level that is 1805. Therefore, we will be bearish as long as the pair is trading below it with targets: 1760.

Resistance levels: Support levels: Recommended:
▪ 1950
▪ 1920
▪ 1805		 ▪ 1760
▪ 1750
▪ 1730		 Bearishness below 1805.

  • AUDUSD

Update: First target was hit. As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7000. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6900 – 0.6800.

Resistance levels: Support levels: Recommended:

▪ 0.7200
▪ 0.7100
▪ 0.7000

▪ 0.6900
▪ 0.6800
▪ 0.6700

Bearishness below 0.7000.
  • GBPJPY

Update: No changes. {Same Scenario} As could be seen on the chart above that the pair is trading below a strong resistance level that is 163.80. Therefore, we are bearish as long as the pair is trading below it with targets: 160.00 – 158.00.

Resistance levels: Support levels: Recommended:
▪ 170.00
▪ 169.00
▪ 163.80

▪ 160.00
▪ 158.00
▪ 156.00

Bearishness below 163.80.

 

 

 

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