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

09 May 2023

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  • EURUSD

The pair soon will reach a strong area of support that is 1.0900. There we will be looking for bullish evidence to show up so we can go long. If it is broken, the pair might continue going downwards to reach 1.0800.

Resistance levels: Support levels: Recommended:
1.1250
1.1200
1.1100
1.0700
1.0650
1.0600

 Bearishness below 1.1100.

  • GBPUSD

The pair has been trading below a strong resistance at 1.2670. Therefore, we will be bearish as long as the pair is trading below it with targets: 1.2100 – 1.1950. On the other hand, a daily close above 1.2440 would push the pair upwards towards: 1.2670 – 1.2750.

Resistance levels: Support levels: Recommended:
▪ 1.2800
1.2700
▪ 1.2670
1.2100
1.2000
1.1950

Bearish below 1.2400.

  • GOLD

As could be seen on the chart above that the pair has been trading below a strong resistance level that is 2080. Therefore, we are bearish as long as the pair is trading below it with targets: 1950 – 1940. On the other hand, a weekly close above 2080 would change the scenario.

Resistance levels: Support levels: Recommended:
2100
2090
2080
1950
1900
1850
Bearish below 2080.

  • AUDUSD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.68. Therefore, we are bearish as long as the pair is trading below it with targets: 0.67 – 0.66.

Resistance levels: Support levels: Recommended:

▪ 0.7000
0.6900
0.6800

▪ 0.6600
0.6400
▪ 0.6350

Bullish above 0.68.

  • GBPJPY

As could be seen on the chart above that the pair is trading below 172 – 171 which is considered to be a strong resistance area where we can go short. Therefore, we are bearish as long as the pair is trading below it with targets: 163 – 162.

Resistance levels: Support levels: Recommended:
173.00
172.00
171.00

 164.00
163.00
162.55

Bearish

 

 

 

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