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

19 July 2024

powered by Land Prime

  • EURUSD

 

Update: We remain the same. The chart above shows that the pair has been trading below a strong resistance level of 1.0990 besides the downtrend line. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0750 – 1.0700.

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

Bearish below 1.0900. 
  • GBPUSD

Update: The pair hit the target of the 2nd scenario. The chart above shows that the pair has been trading below 1.2800 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: 1.2600 – 1.2500. 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
▪ 1.2800		 ▪ 1.2600
▪ 1.2550
▪ 1.2500

Bearish below 1.2800.
  • GOLD

Update: To be updated. As could be seen on the daily chart that the pair is trading above a strong support level that is 2449. Therefore, we are bullish as long as the pair is trading above it with targets: 2500.

Resistance levels: Support levels: Recommended:
▪ 2550
▪ 2500
▪ 2490		 ▪ 2449
▪ 2400
▪ 2300		 Bearish below 2449.

  • AUDUSD

Update:The pair was able to breakthrough the support level. The chart above shows that the pair is trading above 0.6700. Therefore, we are bullish as long as the pair is trading above it with targets: 0.6800 – 0.6850.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6900
▪ 0.6822

▪ 0.6700
▪ 0.6650
▪ 0.6600

Bearish below 0.6700
  • GBPJPY

 

Update: The pair was able to breakthrough the support level. The chart above shows that the pair is trading above a strong support level that is 203.40. Therefore, we are bullish as long as the pair is trading above it with targets: 207 – 208.

Resistance levels: Support levels: Recommended:
▪ 210.00
▪ 209.00
▪ 208.00

▪ 203.40
▪ 203.00
▪ 202.50

Bullish above 203.40

 

Disclaimer: The information contained in this publication is produced by Land Prime and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land Prime current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land Prime. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.