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

25 January 2022

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  • EURUSD

Update: As could be seen on the chart above that the pair is heading towards a strong support level that is 1.1186. Therefore, we will be waiting for the pair to reach that area and in case it shows up bullish evidence above it, we might go long to target 1.1420. On the other hand, a close below 1.1186 would open the door for the pair to reach 1.1140.

Resistance levels: Support levels: Recommended:
 1.1500
1.1450
▪ 1.1400
▪ 1.1225
 1.1150
 1.1100

Waiting for the pair to reach 1.1186.

  • GBPUSD

Update: As could be seen on the chart above that the pair is trading below 1.3600 (strong resistance level). Therefore, we are bearish as long as the pair is trading below it with targets: 1.3400 followed by 1.3300. On the other hand, if the level of 1.3600 is broken, the pair might reach 1.3800.

Resistance levels: Support levels: Recommended:
▪ 1.3800
 1.3700
▪ 1.3600
 1.3400
 1.3350
 1.3300

We are bearish as long as the pair is trading below 1.3600.

  • GOLD

Update: The chart above shows that the pair has been trading below a strong resistance level that is 1855. Therefore, we are bearish as long as the pair is trading below it with targets: 1830 followed by 1800. On the other hand, if the level of 1855 is broken, the pair might continue going upwards to reach 1877 then 1900.

Resistance levels: Support levels: Recommended:
 1877
 1860
 1855
 1770
 1750
 1700
We are bearish as long as the pair is below 1855.

  • AUDUSD

Update: The chart above shows that the pair is trading below 0.7200. Therefore, we are bearish as long as the pair is trading below it with targets: 0.7000 followed by 0.6950.

Resistance levels: Support levels: Recommended:

▪ 0.7350
0.7300
0.7280

▪ 0.7000
0.6900
▪ 0.6800

We are bearish as long as the pair is below 0.7200.

  • GBPJPY

Update: The chart above shows the pair has been trading below a strong resistance level (158.20). Therefore, we are bearish as long as the pair is trading below it with targets: 155. On the other hand, if the level of 158.30 is broken, the pair might reach 159 followed by 160.

Resistance levels: Support levels: Recommended:
160.00
 159.00
 158.00

 155.00
154.00
 153.00

We are bearish as long as the pair is trading below 158.30.

 

 

 

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