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

27 March 2020

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Nothing important for today

 

 

 

  • EURUSD

 

Update: Our target has been hit. The chart above shows that the pair might continue going upwards to reach the level of 1.1000. This is conditioned by the continuation of trading above the level of 1.0650.

 

Resistance levels: Support levels: Recommended:
▪ 1.1080
▪ 1.1050
▪ 1.1000		 ▪ 1.0650
▪ 1.0600
▪ 1.0550

We are bearish as long as the pair is traded below the level of 1.1.1050
  • GBPUSD

 

Update: Our target has been hit. As could be seen on the chart above that the pair is traded above a strong support level that is 1.1510 Therefore, we are bullish as long as the pair is traded above it. Our first target is 1.1900 followed by 1.2000

 

Resistance levels: Support levels: Recommended:
▪ 1.2000
▪ 1.1950
▪ 1.1900		 ▪ 1.1510
▪ 1.1450
▪ 1.1400

Waiting for the pair to confirm its next movement

  • GOLD

 

Update: Target hit. The chart above shows that the pair is trading above a strong support level that is 1450. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1600.

 

Resistance levels: Support levels: Recommended:
▪ 1600
▪ 1550
▪ 1530		 ▪ 1450
▪ 1420
▪ 1400		 We are bullish as long as the pair is trading above the level of 1450.

  • AUDUSD

 

Update: No changes. The chart above shows that the pair is traded below a strong resistance level that is 0.6100. Therefore, we are bearish as long as the pair is traded below it. Our first target is 0.5800.

 

Resistance levels: Support levels: Recommended:

▪ 0.6300
▪ 0.6250
▪ 0.6200

▪ 0.5800
▪ 0.5750
▪ 0.5700

We are bearish as long as the pair is traded below the level of 0.6100
  • GBPJPY

 

Update: Our target is about to be hit but next week we might witness some bearish movement. The chart above shows that the pair is trading above a strong support level that is 126.60. Therefore, we are bullish as long as the pair is traded above it. Our first target is 135.

 

Resistance levels: Support levels: Recommended:
▪ 137
▪ 136
▪ 135

▪ 126.60
▪ 126.00
▪ 125.50

We are bullish as long as the pair is traded above the level of 126.60

 

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