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

14 June 2024

powered by Land Prime

  • EURUSD

Update: We remain the same! As could be seen on the chart above that the pair is trading within a bearish channel seen on the daily time frame. Therefore, we are bearish as long as the pair is trading below the upside with targets: 1.0600. On the other hand, a daily close above the upside, would push the pair further upwards towards 1.1100.

Resistance levels: Support levels: Recommended:
▪ 1.0950
▪ 1.0900
▪ 1.0850		 ▪ 1.0500
▪ 1.0400
▪ 1.0350

Bearish below the upside of the channel. 
  • GBPUSD

Update:  First target was hit! The pair has been trading below 1.2900 which is a strong resistance level. Therefore, we are bearish as long as the pair is trading below it with targets to the downside as follows: 1.2700 – 1.2600. On the other hand, a close above 1.2900 would push the pair towards 1.3000.

Resistance levels: Support levels: Recommended:
▪ 1.3100
▪ 1.3000
▪ 1.2900		 ▪ 1.2700
▪ 1.2650
▪ 1.2600

Bearish below 1.2900.
  • GOLD

Update: On its way to hit its target! The chart above shows that the pair is trading above 2270. Therefore, we are bullish as long as the pair is trading above it with targets: 2380 – 2400. On the other hand, a close below 2270 would push the pair towards: 2250 – 2225.

Resistance levels: Support levels: Recommended:
▪ 3100
▪ 3050
▪ 3000		 ▪ 2270
▪ 2250
▪ 2225		 Bullish above 2270.

  • AUDUSD

Update: No changes! The chart above shows that the pair is trading at the middle of a sideway-range, therefore, we shall wait for the pair to reach 0.6900 where we can go short or to reach 0.6260 where we can go long. Other than this, we are not to enter the market for now!

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6900
▪ 0.6822

▪ 0.6260
▪ 0.6200
▪ 0.6150

Waiting
  • GBPJPY

Update: We remain the same! As could be seen on the daily chart that the pair is trading below a strong resistance level that is 200.50. Therefore, we are bearish as long as the pair is trading below it with targets: 197 – 196. On the other hand, a close above 200.50 would push the pair towards 202 – 205.

Resistance levels: Support levels: Recommended:
▪ 205.00
▪ 202.00
▪ 200.50

▪ 197.00
▪ 196.00
▪ 195.00

Bearish below 200.50

 

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