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

24 January 2017

powered by Land Prime

The US dollar was mixed as Donald Trump entered the White House. Apart from Trump’s first week as President, we have some interesting publications: US and UK GDP, durable goods orders from the US and more
• GBP EU Membership Court Ruling
• AUD CPI q/q Trimmed Mean CPI q/q
Remember: Your capital is at risk!

  • EURUSD

As could be seen on the 4 hours' time frame that the pair is traded below a strong resistance level around 1.0680 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.0600 during the day. On the other hand, breaching the level of 1.0680 opens the door for the pair to reach the level of 1.0750 during the day.

Resistance levels: Support levels: Recommended:
▪ 1.0750
▪ 1.0685
▪ --		 ▪ 1.0525
▪ --
▪ --		 We remain bearish as long as the pair is traded below the level of 1.0680.
Your capital is at risk!
  • GBPUSD

The pair is traded above a strong support level around 1.2500 so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1.2550 followed by 1.2600 during the day.

Resistance levels: Support levels: Recommended:
▪ 1.2550
▪ 1.2600
▪ --		 ▪ 1.2500
▪ --
▪ --		 We remain bullish as long as the pair is traded above the level of 1.2500.
Your capital is at risk!
  • GOLD

The gold is traded right below a strong resistance level around 1220 so as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1210 during the day. On the other hand, breaching the level of 1220 opens the door for the pair to reach the level of 1230 during the day.

Resistance levels: Support levels: Recommended:
▪ 1220
▪ 1230
▪ --		 ▪ 1210
▪ 1200
▪ --		 We remain bearish as long as the pair is traded below the level of 1220.
Your capital is at risk!
  • AUDUSD

The pair reached a new high around 0.7585. It is traded below this level and we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 0.7500 during the day. On the other hand, if the level of 0.7585 is broken, the way is open for the pair to reach 0.7630.

Resistance levels: Support levels: Recommended:
▪ 0.7630
▪ 0.7650
▪0.7585		 ▪ 0.7585
▪ --
▪ --		 We remain bullish as long as the pair is traded above the level of 0.7585
Your capital is at risk!
  • GBPJPY

The pair is traded below a strong resistance level that is the downtrend line. We may go short in case the pair respects the downtrend line that awe may target the level of 140 during the day. On the other hand, if the downtrend line is broken along with the level of 142 we may go long targeting the level of 143 during the day.

Resistance levels: Support levels: Recommended:
▪ 142
▪ 140
▪ --		 ▪ 140
▪ --		 We remain bearish as long as the pair is traded below the level of 142
Your capital is at risk!

Evening report for the 24th of Jan 2017

▪ EURUSD: The same scenario.
▪ GBPUSD: Did not make it.
▪ GOLD: The same scenario.
▪ AUDUSD: On its way to its upward target.
▪ GBPJPY: The same scenario.

Your capital is at risk!