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

06 February 2023

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  • EURUSD

The chart above shows that the pair is facing a strong resistance level that is 1.1100. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0700 – 0.0655. On the other hand, a daily close above 1.1100 would push the pair further upward towards: 1.1200 – 1.1300.

Resistance levels: Support levels: Recommended:
▪ 1.1300
▪ 1.1200
▪ 1.1100		 ▪ 1.0700
▪ 1.0650
▪ 1.0600

Bearishness below 1.1100
  • GBPUSD

As could be seen on the chart above that the pair might reach again the level of 1.2450 – 1.2500. Therefore, we will be waiting for the pair tor each that area then we might go short to target 1.2300 – 1.2250 as long as the pair is trading below 1.2450 – 1.2500.

Resistance levels: Support levels: Recommended:
▪ 1.2550
▪ 1.2500
▪ 1.2450		 ▪ 1.2100
▪ 1.2000
▪ 1.1900

Bearishness below 1.2500.
  • GOLD

The chart above shows that the pair is trading above 1850. Therefore, we are bullish as long as the pair is trading above it with targets: 1900 – 1920. Keeping in mind that breaking the level of 1850 would push the pair further downwards towards: 1820.

Resistance levels: Support levels: Recommended:
▪ 1950
▪ 1920
▪ 1900		 ▪ 1850
▪ 1830
▪ 1820		 Bullish above 1850.

  • AUDUSD

As could be seen on the chart above that the pair is facing a strong support level that is 0.6870. A daily close below this level, would push the pair downwards with targets: 0.6700 – 0.6600. On the other hand, bullishness above 0.6870.

Resistance levels: Support levels: Recommended:

▪ 0.7300
▪ 0.7200
▪ 0.7130

▪ 0.6870
▪ 0.6800
▪ 0.6750

Bullish above 0.6870.
  • GBPJPY

The chart above shows that the pair has been trading below a strong resistance level that is 162. Therefore, we are bearish as long as the pair is trading below it with targets: 159 – 158.50.

Resistance levels: Support levels: Recommended:
▪ 165.00
▪ 163.00
▪ 162.00

▪ 158.50
▪ 158.00
▪ 157.60

Bearish below 162.

 

 

 

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