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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

2 August 2021

powered by Land Prime

Today we are waiting for:

 

03:55

  EUR

German Manufacturing PMI (Jul)

04:30

  GBP

Manufacturing PMI (Jul)

10:00

  USD

ISM Manufacturing PMI (Jul)

 

  • EURUSD

 

The chart above shows that the pair is trading below a strong resistance level that is 1.1900. Therefore, we are bearish as long as the pair is trading below it with targets: 1.1800 followed by 1.1750.

 

Resistance levels: Support levels: Recommended:
▪ 1.1950
▪ 1.1915
▪ 1.1900		 ▪ 1.1800
▪ 1.1750
▪ 1.1700

We are bearish as long as the pair is trading below 1.1900.
  • GBPUSD

 

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.3983. Therefore, we are bearish as long as the pair is trading below it with targets: 1.3900 followed by 1.3850.

 

Resistance levels: Support levels: Recommended:
▪ 1.4100
▪ 1.4000
▪ 1.3983		 ▪ 1.3900
▪ 1.3850
▪ 1.3800

We are bearish as long as the pair is trading below 1.3983.

  • GOLD

 

The chart above shows that the pair is trading below 1830. Therefore, we are bearish as long as the pair is trading below it with targets: 1790 followed by 1730.

 

Resistance levels: Support levels: Recommended:
▪ 1860
▪ 1840
▪ 1830		 ▪ 1790
▪ 1750
▪ 1730		 We are bearish as long as the pair is trading below 1830.

  • AUDUSD

 

The chart above shows that the pair is trading below a strong resistance level that is 0.7410. Therefore, we are bearish as long as the pair is trading below 0.7400. Targets: 0.7350 followed by 0.7330.

 

Resistance levels: Support levels: Recommended:

▪ 0.7500
▪ 0.7450
▪ 0.7410

▪ 0.7350
▪ 0.7330
▪ 0.7300

We are bearish as long as the pair is trading below the level of 0.7400.
  • GBPJPY

 

For a few weeks, the pair has been trading below a strong resistance level (153). Therefore, we are bearish as long as the pair is trading below it with targets: 151 followed by 150.50.

 

Resistance levels: Support levels: Recommended:
▪ 155.50
▪ 155.00
▪ 153.00

▪ 151.00
▪ 150.50
▪ 150.00

We are bearish as long as the pair is trading below 153.

 

 

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