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

30 May 2023

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  • EURUSD

The pair is trading below a strong resistance level that is 1.0800. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0700 – 1.0600.

Resistance levels: Support levels: Recommended:
▪ 1.1250
▪ 1.1200
▪ 1.0800		 ▪ 1.0700
▪ 1.0650
▪ 1.0600

 Bearishness below 1.0800.
  • GBPUSD

As could be seen on the chart above that the pair is trading above 1.2350. Therefore, we are bullish as long as the pair is trading above it with targets: 1.2450.

Resistance levels: Support levels: Recommended:
▪ 1.2800
▪ 1.2700
▪ 1.2670		 ▪ 1.2350
▪ 1.2300
▪ 1.2260

Bullish above 1.2350.
  • GOLD

The chart above shows that the pair has been trading above a strong support level that is 1935. Therefore, we are bullish as long as the pair is trading above it with targets: 1970 - 1985. On the other hand, a close below 1935 would push the pair towards: 1920 – 1900.

Resistance levels: Support levels: Recommended:
▪ 1990
▪ 1985
▪ 1970		 ▪ 1935
▪ 1900
▪ 1890		 Bullish above 1935.00

  • AUDUSD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.6570. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6500 – 0.6400.

Resistance levels: Support levels: Recommended:

▪ 0.6650
▪ 0.6600
▪ 0.6570

▪ 0.6500
▪ 0.6400
▪ 0.6300

Bearish below 0.6570
  • GBPJPY

The chart above shows that the pair is trading above a strong support level that is 171. Therefore, we are bearish as long as the pair is trading above it with targets: 174 – 175.

Resistance levels: Support levels: Recommended:
▪ 174.00
▪ 173.00
▪ 172.50

▪ 171.00
▪ 170.00
▪ 169.00

Bullish

 

 

 

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