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

11 March 2022

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  • EURUSD

Update: We remain the same. The chart above shows that the pair is trading below a strong resistance level that is 1.1100. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0700 – 1.0650. On the other hand, a daily close above 1.1100 would open the door for the pair to reach 1.1200 – 1.1350.

Resistance levels: Support levels: Recommended:
▪ 1.1350
▪ 1.1200
▪ 1.1100		 ▪ 1.0700
▪ 1.0650
▪ 1.0600

Bearishness below 1.1100.
  • GBPUSD

Update: We remain the same. The chart above shows that the pair is trading above a strong support level that is 1.2900. Therefore, we are bullish as long as the pair is trading above it with targets: 1.3200 – 1.3300. On the other hand, a close below 1.2900 would push the pair downwards that it might reach 1.2800.

Resistance levels: Support levels: Recommended:
▪ 1.3600
▪ 1.3300
▪ 1.3200		 ▪ 1.3050
▪ 1.3000
▪ 1.2900

We are bullish as long as the pair is trading above 1.2900.

  • GOLD

Update: We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 2074. Therefore, we are bearish as long as the pair is trading below it with targets: 1916 followed by 1850. On the other hand, a close above 2074 would open the door for the pair to reach 2100-2200.

Resistance levels: Support levels: Recommended:
▪ 2200
▪ 2100
▪ 2074		 ▪ 1916
▪ 1900
▪ 1880		 Bearishness below 2074.

  • AUDUSD

Update: Targets were hit. As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7450. Therefore, we are bearish as long as the pair is trading below it with targets: 0.7200 – 0.7100. On the other hand, of the level of 0.7450 is broken, the pair might reach 0.7500 – 0.7550.

Resistance levels: Support levels: Recommended:

▪ 0.7400
▪ 0.7350
▪ 0.7300

▪ 0.7200
▪ 0.7100
▪ 0.7000

Waiting for the pair to reach a strong support level.
  • GBPJPY

Update: More bullishness. The chart above shows that the pair is trading below a strong resistance level that is 153. Therefore, we are bearish as long as the pair is trading below it with targets: 150 followed by 149. On the other hand, if the pair breaks above 153, this might open the door for the pair to reach 155.

Resistance levels: Support levels: Recommended:
▪ 157.60
▪ 155.00
▪ 153.00

▪ 150.00
▪ 149.00
▪ 148.00

Bearishness below 153.

 

 

 

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