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

08 April 2020

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  • EURUSD

 

The chart above shows that the pair is trading above a strong support level that is 1.0800. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.0995.

 

Resistance levels: Support levels: Recommended:
▪ 1.1100
▪ 1.1000
▪ 1.0995		 ▪ 1.0800
▪ 1.0750
▪ 1.0700

We are bullish as long as the pair is trading above the level of 1.0800.
  • GBPUSD

 

As could be seen on the chart above that the pair is about reaching a strong resistance level that is 1.2500. Therefore, we will be waiting for some bullish evidence to show up above it, and then we can go SHORT targeting the level of 1.2300.

 

Resistance levels: Support levels: Recommended:
▪ 1.2650
▪ 1.2600
▪ 1.2500		 ▪ 1.2300
▪ 1.2250
▪ 1.2200

Waiting for the pair to reach the area mentioned in the report.

  • GOLD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 1637. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1650 followed by 1660.

 

Resistance levels: Support levels: Recommended:
▪ 1670
▪ 1660
▪ 1650		 ▪ 1637
▪ 1630
▪ 1620		 We are bullish as long as the pair is trading above the level of 1637.

  • AUDUSD

 

As could be seen on the chart above that the pair is trading above a strong support level that is 0.6110. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.6300.

 

Resistance levels: Support levels: Recommended:

▪ 0.6400
▪ 0.6350
▪ 0.6300

▪ 0.6110
▪ 0.6050
▪ 0.6000

We are bullish as long as the pair is trading above 0.6110.
  • GBPJPY

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 135.50. Therefore, we are bearish as long as the pair is trading below it. Our first target is 134

 

Resistance levels: Support levels: Recommended:
▪ 136.00
▪ 135.50
▪ 135.00

▪ 134.00
▪ 133.50
▪ 133.00

We are bearish as long as the pair is trading below the level of 135.50

 

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