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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

02 February 2017

powered by Land Prime

  • EURUSD

The pair is traded below a strong resistance level around 1.0800 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.0700 during the day. On the other hand, breaching the level of 1.0800 during the day opens the door for the pair for further downward movement.

Resistance levels: Support levels: Recommended:
1.0800
--
--
1.0700
--
--
We remain bearish as long as the pair is traded below the level of 1.0800.
Your capital is at risk!
  • GBPUSD

The pair is traded below a strong resistance level around 1.2723 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.2650 during the day. On the other hand, breaching the level of 1.2723 opens the door for the pair to reach the level of 1.2800.

Resistance levels: Support levels: Recommended:
1.2723
1.2800
--
1.2650
1.2600
--
We remain bearish as long as the pair is traded below the level of 1.2723
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 1215 followed by 1210 during the day. On the other hand, breaching the level of 1220 opens the door for the pair to reach the level of 1225 during the day.

Resistance levels: Support levels: Recommended:
1220
1218
--
1202
1195
1190
We remain bearish as long as the pair is traded below the level of 1220.
Your capital is at risk!
  • AUDUSD

The pair may continue going up to reach the level of 0.7730 during the day. In case it shows some negative factors, we may go short targeting the level of 0.7650 during the day. On the other hand, breaching the level of 0.7730 opens the door for further upward movement during the day.

Resistance levels: Support levels: Recommended:
0.7730
0.7750
0.7800
0.7650
--
--
We remain bearish as long as the pair is traded below the level of 0.7730
Your capital is at risk!