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

2 October 2023

powered by Land Prime

 

  • EURUSD

As seen on the chart above, the pair is trading above 1.0440. Therefore, we are bullish as long as the pair is trading above it with targets: 1.0550 – 1.0600. On the other hand, a daily close below 1.0440 would push the pair towards: 1.0400.

Resistance levels: Support levels: Recommended:
▪ 1.0900
▪ 1.0800
▪ 1.0750		 ▪ 1.0440
▪ 1.0400
▪ 1.0350

Bullish above 1.0440
  • GBPUSD

The pair is facing a strong resistance level that is 1.2300. Therefore, we are bearish with targets: 1.1900 – 1.1850.

Resistance levels: Support levels: Recommended:
▪ 1.2400
▪ 1.2350
▪ 1.2300		 ▪ 1.1900
▪ 1.1850
▪ 1.1800

Bearish below 1.2300.
  • GOLD

The pair is trading above a strong support level that is 1800. Therefore, we are bullish as long as the pair is trading above it with targets: 1850 – 1880. Breaching the level of 1800 would push it towards: 1780 – 1750.

Resistance levels: Support levels: Recommended:
▪ 1880
▪ 1850
▪ 1833		 ▪ 1800
▪ 1780
▪ 1750		 Bullish above 1800

  • AUDUSD

As seen on the chart above the pair has been trading above 0.6280. Therefore, we are bullish as long as the pair is trading above it with targets: 0.6500.

Resistance levels: Support levels: Recommended:

▪ 0.6450
▪ 0.6400
▪ 0.6650

▪ 0.6280
▪ 0.6250
▪ 0.6230

Bullish above 0.6280.
  • GBPJPY

The chart above shows that the pair is trading above 178. Therefore, we are bullish as long as the pair is trading above it with targets: 179. On the other hand, a close below 178 would push it towards: 177.20 – 176.70.

Resistance levels: Support levels: Recommended:
▪ 183.00
▪ 182.00
▪ 181.00

▪ 178.00
▪ 177.20
▪ 176.70

Bullish.  

 

 

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