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

1 March 2024

powered by Land Prime

  • EURUSD

Update: The pair has formed a double top pattern and managed to break through the confirmation line. Thus, we are bearish as long as the pair is trading below it. On the other hand, a close above 1.0750 would push the pair further upwards towards 1.0911.

Resistance levels: Support levels: Recommended:
▪ 1.1100
▪ 1.1080
▪ 1.0910		 ▪ 1.0700
▪ 1.0650
▪ 1.0600

Bearish below 1.0911
  • GBPUSD

Update: The pair has been trading below a strong resistance level that is 1.2800. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2500 – 1.2400.

Resistance levels: Support levels: Recommended:
▪ 1.3000
▪ 1.2900
▪ 1.2800		 ▪ 1.2544
▪ 1.2500
▪ 1.2450

Bearish below 1.2800.
  • GOLD

Update: The H4 timeframe shows that the pair has been trading above a strong support level that is 2140. Therefore, we are bullish as long as the pair is trading above it with targets: 2200 – 2220.

Resistance levels: Support levels: Recommended:
▪ 2200
▪ 2180
▪ 2160		 ▪ 2140
▪ 2100
▪ 2000		 Bullish above 2140.

  • AUDUSD

Update: As could be seen on the chart above that the pair has been trading below a strong resistance that is 0.6600. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6500 – 0.6400.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6950
▪ 0.6700

▪ 0.6500
▪ 0.6400
▪ 0.6350

Bearish below 0.6600
  • GBPJPY

Update: The pair has been trading inside a bullish channel clearly seen on the daily timeframe. The upside of the channel represents a strong resistance level. Therefore, we are bearish as long as the pair is trading below it with targets: 188.80.

Resistance levels: Support levels: Recommended:
▪ 195.00
▪ 194.00
▪ 193.00

▪ 191.00
▪ 190.00
▪ 189.00

Bearish below the upside of the channel.

 

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.