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 July 2020

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  • EURUSD

 

The chart above shows that the pair is trading below a strong resistance level that is 1.1370. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1300.

 

Resistance levels: Support levels: Recommended:
▪ 1.1370
▪ 1.1325
▪ 1.1300		 ▪ 1.1220
▪ 1.1200
▪ 1.1170

We are bearish as long as the pair is trading below 1.1370
  • GBPUSD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.2700. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.2580.

 

Resistance levels: Support levels: Recommended:
▪ 1.2750
▪ 1.2720
▪ 1.2700		 ▪ 1.2580
▪ 1.2550
▪ 1.2530

We are bearish as long as the pair is trading below the level of 1.2700.

  • GOLD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1818. Therefore, we are bearish as long as the pair is trading below the level of 1818. Our first target is 1795.

 

Resistance levels: Support levels: Recommended:
▪ 1818
▪ 1815
▪ 1813		 ▪ 1795
▪ 1790
▪ 1785		 We are bearish as long as the pair is trading below the level of 1818.

  • AUDUSD

 

The chart above shows that the pair is trading below a strong resistance level that is 0.7034. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.6970.

 

Resistance levels: Support levels: Recommended:

▪ 0.7034
▪ 0.7000
▪ 0.6980

▪ 0.6750
▪ 0.6720
▪ 0.6700

We are bearish as long as the pair is trading below the level of 0.7034.
  • GBPJPY

The chart above shows that the pair is trading below a strong resistance level that is 136.30. Therefore, we are bearish as long as the pair is trading below it. Our first target is 135.30 followed by 134.50.

 

Resistance levels: Support levels: Recommended:
▪ 137.00
▪ 136.50
▪ 136.30

▪ 135.30
▪ 135.00
▪ 134.50

We are bearish as long as the pair is trading below the level of 136.30

 

 

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