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

30 July 2021

powered by Land Prime

Today we are waiting for:

 

02:00

  EUR

German GDP (QoQ) (Q2)  

05:00

 EUR

CPI (YoY) (Jul)  
08:30 CAD GDP (MoM) (May)

21:00

 CNY

Manufacturing PMI (Jul)

 

  • EURUSD

 

Update: No changes! 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: 1.1830 followed by 1.1800.

 

Resistance levels: Support levels: Recommended:
▪ 1.1950
▪ 1.1915
▪ 1.1900		 ▪ 1.1830
▪ 1.1800
▪ 1.1760

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

 

Update: Target was hit! The chart above shows that the pair is trading above a strong support level that is 1.3900. Therefore, we are bullish as long as the pair is trading above it with targets: 1.3950 followed by 1.3990.

 

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

We are bullish as long as the pair is trading above 1.3900.

  • GOLD

 

Update: Target was hit! As could be seen on the chart above that the pair is trading above a strong support level that is 1800. Therefore, we are bullish as long as the pair is trading above it with targets: 1835.

 

Resistance levels: Support levels: Recommended:
▪ 1860
▪ 1840
▪ 1835		 ▪ 1800
▪ 1785
▪ 1760		 We are bullish as long as the pair is trading above 1800.

  • AUDUSD

 

Update: Target was hit! The chart above shows that the pair is trading below a strong resistance level that is 0.7400. Therefore, we are bearish as long as the pair is trading below 0.7400. Targets: 0.7350 followed by 0.7300.

 

Resistance levels: Support levels: Recommended:

▪ 0.7500
▪ 0.7450
▪ 0.7400

▪ 0.7350
▪ 0.7300
▪ 0.7265

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

 

Update: We remain the same! As could be seen on the chart above that the pair is trading below 153.90. Therefore, we are bearish as long as the pair is trading below it with targets: 152 followed by 151.30.

 

Resistance levels: Support levels: Recommended:
▪ 155.50
▪ 155.00
▪ 154.00

▪ 152.00
▪ 151.30
▪ 151.00

We are bearish as long as the pair is trading below 153.90.

 

 

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