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

22 August 2022

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  • EURUSD

The chart above shows that the pair is trading above 0.9900. Therefore, we are bullish as long as the pair is trading above it with targets: 1.0000 – 1.0050. On the other hand, a daily close below 0.9900 would push the pair downwards that it might reach 0.9730.

Resistance levels: Support levels: Recommended:
1.0200
1.0050
▪ 1.0000
▪ 0.9900
0.9800
0.9700

Bullish above 0.9900

  • GBPUSD

The chart above shows that the pair is trading below 1.1900. Therefore, we are bearish as long as the pair is trading below it with targets: 1.1800 – 1.1700.

Resistance levels: Support levels: Recommended:
▪ 1.2000
1.1950
▪ 1.1900
1.1800
1.1700
1.1650

Bearishness below 1.1900.

  • GOLD

The pair is trading below a strong resistance level that is 1790. Therefore, we will be bearish as long as the pair is trading below it with targets: 1730 - 1700.

Resistance levels: Support levels: Recommended:
1850
1820
1790
1730
1700
1680
Bearishness below 1790.

  • AUDUSD

As could be seen on the chart above that the pair is trading above a strong support level that is 0.6900. Therefore, we are bullish as long as the pair is trading above it with targets: 0.7000 – 0.7100.

Resistance levels: Support levels: Recommended:

▪ 0.7200
0.7100
0.7000

▪ 0.6900
0.6800
▪ 0.6700

Bullish above 0.6900.

  • GBPJPY

As could be seen on the chart above that the pair is trading below a strong resistance level that is 162.00. 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
162.00

 160.00
158.00
156.00

Bearishness below 162.00.

 

 

 

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