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

05 April 2022

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  • EURUSD

Update: As could be seen on the chart above that the pair is trading below 1.0944. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0850 – 1.0800.

Resistance levels: Support levels: Recommended:
▪ 1.1100
▪ 1.1000
▪ 1.0944		 ▪ 1.0850
▪ 1.0800
▪ 1.0750

Bearishness below 1.0944.
  • GBPUSD

Update: We are waiting for the pair to reach 1.2900 – 1.2950 which is where we will be looking for some bullish evidence to show up then we can go long to target: 1.3200.

Resistance levels: Support levels: Recommended:
▪ 1.3250
▪ 1.3200
▪ 1.3150		 ▪ 1.3000
▪ 1.2900
▪ 1.2800

Waiting for the pair to reach 1.2950 – 1.2900.

  • GOLD

Update: The pair has been ranging for a while. Resistance: 1955 – Support: 1900. Therefore, we can trade carefully between these two levels.

Resistance levels: Support levels: Recommended:
▪ 1980
▪ 1950
▪ 1930		 ▪ 1895
▪ 1880
▪ 1850		 Sideways!

  • AUDUSD

Update: The chart above shows that the pair is trading above a strong support level that is 0.75. Therefore, we are bullish as long as the pair is trading above it with targets: 0.7750 – 0.7800.

Resistance levels: Support levels: Recommended:

▪ 0.7900
▪ 0.7800
▪ 0.7750

▪ 0.7500
▪ 0.7400
▪ 0.7300

Bullishness above 0.7500.
  • GBPJPY

Update: As could be seen on the chart above that the pair is trading above a strong support level that is 160. Therefore, we are bullish as long as the pair is trading above it with targets: 163.

Resistance levels: Support levels: Recommended:
▪ 165.00
▪ 164.00
▪ 163.00

▪ 160.00
▪ 158.00
▪ 155.00

Bullishness above 160.

 

 

 

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