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

18 March 2022

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  • EURUSD

Update: The chart is still trading below the suggested level. The chart above shows that the pair is trading below a strong resistance level that is 1.1130. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0800 – 1.0700. On the other hand, a daily close above 1.1130 would open the door for the pair to reach 1.1200 – 1.1350.

Resistance levels: Support levels: Recommended:
▪ 1.1350
▪ 1.1200
▪ 1.1130		 ▪ 1.0700
▪ 1.0650
▪ 1.0600

Bearishness below 1.1130.
  • GBPUSD

Update: Targets were hit. 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: 1.3150 – 1.3200. 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:
▪ 1.3250
▪ 1.3200
▪ 1.3150		 ▪ 1.3000
▪ 1.2900
▪ 1.2800

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

  • GOLD

Update: The pair went upwards towards its targets. As could be seen on the chart above that the pair is trading above a strong support level that is 1915. Therefore, we are bullish as long as the pair is trading above it with targets: 1930 followed by 1950. On the other hand, a close below 1915 would open the door for the pair to reach 1900 - 1880.

Resistance levels: Support levels: Recommended:
▪ 1980
▪ 1950
▪ 1930		 ▪ 1915
▪ 1900
▪ 1880		 Bullishness below 1915.

  • AUDUSD

Update: The pair went upwards reaching its targets. As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7300. 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 0.7300 is broken, the pair might reach 0.7350 – 0.7400.

Resistance levels: Support levels: Recommended:

▪ 0.7400
▪ 0.7350
▪ 0.7300

▪ 0.7150
▪ 0.7100
▪ 0.7000

Bearishness below 0.7300.
  • GBPJPY

Update: Targets were hit. The chart above shows that the pair is trading above a strong support level that is 150.80. Therefore, we are bullish as long as the pair is trading above it with targets: 155 followed by 156. On the other hand, if the pair breaks below 150.80, this might open the door for the pair to reach 149.

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

▪ 150.00
▪ 149.00
▪ 148.50

Bullishness above 150.80.

 

 

 

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