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

04 March 2022

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  • EURUSD

Update: The pair his its targets to the downside. As could be seen that the pair is trading above a strong support level that is 1.1120. Therefore, we are bullish as long as the pair is trading above it with targets: 1.1300 – 1.1400. On the other hand, if the level of 1.1120 is broken by at least a daily close, we might go short to target: 1.1000 – 1.0900.

Resistance levels: Support levels: Recommended:
▪ 1.1600
▪ 1.1550
▪ 1.1480		 ▪ 1.1120
▪ 1.1000
▪ 1.0900

Waiting for the pair to confirm its next move.
  • GBPUSD

Update: The pair his its targets to the downside. As could be seen on the chart above that the pair has been trading below 1.3500. Therefore, we are bearish as long as the pair is trading below it with targets: 1.3400 – 1.3350. On the other hand, a break above 1.3500 would open the door for the pair to reach 1.3650.

Resistance levels: Support levels: Recommended:
▪ 1.3850
▪ 1.3800
▪ 1.3500		 ▪ 1.3250
▪ 1.3200
▪ 1.3150

We are bearish as long as the pair is trading below 1.3500.

  • GOLD

Update: The pair his its targets to the upside. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1960. Therefore, we are bearish as long as the pair is trading below it with targets: 1900 followed by 1850. On the other hand, a close above 1960 would open the door for the pair to reach 1970-1980.

Resistance levels: Support levels: Recommended:
▪ 1980
▪ 1970
▪ 1960		 ▪ 1900
▪ 1870
▪ 1850		 We are bearish as long as the pair is trading below 1960.

  • AUDUSD

Update: The pair his its targets to the upside. As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7312. Therefore, we are bearish as long as the pair is trading below it with targets: 0.7150 – 0.7100. On the other hand, of the level of 0.7312 is broken, the pair might reach 0.7350 – 0.7400.

Resistance levels: Support levels: Recommended:

▪ 0.7400
▪ 0.7350
▪ 0.7312

▪ 0.7200
▪ 0.7150
▪ 0.7100

We are bearish as long as the pair is trading below 0.7312.
  • GBPJPY

Update: The pair his its targets to the downside. As could be seen on the chart above that the pair is trading above a strong support level that is 152.50. Therefore, we are bullish as long as the pair is trading above it with targets: 154 – 155. On the other hand, if the level of 152.50 is broken, the pair might reach 152 – 151.50

Resistance levels: Support levels: Recommended:
▪ 157.60
▪ 155.00
▪ 154.50

▪ 152.50
▪ 152.00
▪ 151.50

We are bullish as long as the pair is above 152.50

 

 

 

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