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
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12 Feb 2021

powered by Land Prime

 

Market Overview

 

 

  • EURUSD

 

UPDATE: First target has been hit. As could be seen on the chart above that the pair is trading above a strong support level that is 1.1913. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.2100 followed by 1.2200.

 

  • GBPUSD

 

UPDATE: The pair managed to break through the level of 1.3760. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.3760. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.3500.  On the other hand, if the level of 1.3760 is broken, we might go long to target the level of 1.3800 followed by 1.3850

 

  • GOLD

 

UPDATE: We remain the same. The chart above shows that the pair is trading above a strong support level that is 1760. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1880.

 

  • AUDUSD

 

UPDATE: Target has been hit. The chart above shows that the pair is trading above a strong support level that is 0.7560. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7750.

 

  • GBPJPY

 

UPDATE: Our targets have been hit. As could be seen on the chart above that the pair is trading above a strong support level that is 144. Therefore, we are bullish as long as the pair is trading above it. Our first is 145.50 followed by 146.

 

 

 

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