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

25 April 2018

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  • EURUSD

 

As could be seen on the daily chart that the pair is traded above a strong support level that can be found at 1.2150.  So we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1.23 during the week but the pair must show up some bullish evidence above it so we can go long. On the other hand, in case the level of 1.2150 is broken with a weekly close, then we would prefer going short but there must be a weekly close below it.

 

Resistance levels: Support levels: Recommended:
 1.2550
▪ 1.2440
▪ --
▪ 1.22
 1.21
 1.1550

Waiting for the pair to reach one of the levels mentioned in the report.

  • GBPUSD

 

As could be seen on the daily chart that the pair is traded below a strong resistance level that could be found at 1.4000. Therefore, we are bearish as long as the pair is traded below that level. Our 1st target is 1.39 followed by 1.38.

 

Resistance levels: Support levels: Recommended:
▪ 1.4340
 1.4200
 --
▪ 1.3800
 1.3700
 1.3600

We are bearish as long as the pair is traded below the level of 1.4000.

  • GOLD

 

As could be seen on the daily chart that the pair is on its way to reach the level of 1310 followed by 1300. So, we will be waiting for the pair to reach one of those levels then in case it shows up some bullish evidence we can go long targeting the level of 1320 followed by 1330 during the week.

 

Resistance levels: Support levels: Recommended:
 1350
 1365
 --
 1310
 1300
 1290

Waiting for the pair to reach one of the levels mentioned in the report.

  • AUDUSD

 

As could be seen on the daily chart that the pair is traded within a descending channel. Having the pair traded above the upside of the channel can open the door for further upward movements during the week that it can reach the level of 0.7650.

 

 

Resistance levels: Support levels: Recommended:

▪ 0.8000
0.7900
▪ --

▪ 0.7700
▪ 0.7600
▪ 0.7500

We are bullish as long as the pair is traded above the level of 0.7520.

  • GBPJPY

 

As we mentioned in the weekly video analysis that the pair would reach the level of 153 during the week. But our level where we can go long is 150. In case the pair goes down to be traded near to this level again, we can go long targeting the level of 151 followed by 152 during the week.

 

Resistance levels: Support levels: Recommended:
156
 155

147
 146

We are bullish as long as the pair is traded above the level of 150.

 

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