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

13 October 2023

powered by Land Prime

 

  • EURUSD

Update: The pair went downwards. The pair is heading towards a strong resistance level that is 1.0650. The pair could drop from this level if it shows up bearish evidence below it to target: 1.0500. On the other hand, a daily close above 1.0650 would push it towards 1.0700 – 1.0750.

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

Bullish above 1.0440
  • GBPUSD

Update: No changes. The pair is facing a strong resistance level that is 1.2400. 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 1.2400.
  • GOLD

Update: No changes. The chart above shows that there is a gap between 1845 – 1835. It could be filled as long as the pair is trading below 1860.

Resistance levels: Support levels: Recommended:
▪ 1900
▪ 1880
▪ 1850		 ▪ 1845
▪ 1835
▪ 1800		 Bearish below 1860

  • AUDUSD

Update: Target was hit. As could be seen on the chart above that 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
▪ 0.6350

▪ 0.6280
▪ 0.6250
▪ 0.6230

Bullish above 0.6280.
  • GBPJPY

Update: Targets were hit. As could be seen on the chart above that the pair is trading below a strong resistance level that is 183.50. Therefore, we are bearish as long as the pair is trading below it with targets: 182 – 181.50. On the other hand, a daily close above 183.50 would push it towards: 184 – 185.30.

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

▪ 178.00
▪ 177.20
▪ 176.70

Bearish below 183.50.  

 

 

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