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

01 April 2022

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  • EURUSD

Update: We remain the same. The chart above shows that the pair has been trading below a strong resistance level that is 1.1150. 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
▪ 1.1150
▪ 1.0700
 1.0650
 1.0600

Bearishness below 1.1150.

  • GBPUSD

Update: We remain the same. The chart above shows that the pair has been 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: We remain the same. The chart above shows that the pair is trading above a strong support level that is 1895. Therefore, we are bullish as long as the pair is trading above it with targets: 1930 followed by 1950. On the other hand, a weekly close below 1895 would open the door for the pair to reach 1880 - 1850.

Resistance levels: Support levels: Recommended:
 1980
 1950
 1930
 1895
 1880
 1850
Bullishness above 1895.

  • AUDUSD

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 0.7550. Therefore, we are bearish as long as the pair is trading below it with targets: 0.7450 – 0.7350. On the other hand, of the level of 0.7550 is broken, the pair might reach 0.7600 – 0.7700.

Resistance levels: Support levels: Recommended:

▪ 0.7700
0.7550
0.7500

▪ 0.7300
0.7200
▪ 0.7100

Bearishness below 0.7550.

  • GBPJPY

Update: We remain the same. The chart above shows that the pair has been trading above a strong support level that is 158. Therefore, we are bullish as long as the pair is trading above it with targets: 162 followed by 165. On the other hand, if the pair breaks below 158, this might open the door for the pair to reach 155.

Resistance levels: Support levels: Recommended:
165.00
 162.00
 161.00

 158.00
156.00
 154.00

Bullishness above 158.00.

 

 

 

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