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

23 October 2017

powered by Land Prime

 

 

 

  • EURUSD



As could be seen on the daily chart that the pair is traded below a strong resistance level (1.1890). So, we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.1660 during the week. Also, breaching the level of 1.1660 can open the door for further downward movement during the week that it may reach the level of 1.1600 followed by 1.1500.

 

 

 

Resistance levels: Support levels: Recommended:
▪ 1.2000
▪ 1.2100
▪ 1.1890		 ▪-1.1650
▪ 1.1600

We remain bearish as long as the pair is traded below the level of 1.1890
  • GBPUSD



As could be seen on the chart above that the pair is about to reach the uptrend line shown in red on the chart. This is where we can go long. So, we will be waiting for the pair to reach the uptrend line then in case it shows up some positive factors we can go long targeting the level of 1.3250.



Resistance levels: Support levels: Recommended:
▪ 1.3700
▪ 1.3650

 ▪ 1.2900
▪ 1.2900
▪ 1.2800

Waiting for the pair to reach one the levels mentioned in the report.
  • GOLD



The pair has been traded above the level of 1267 and it managed to hold above it so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1290 followed by 1300 during the week.

 


Resistance levels: Support levels: Recommended:

▪ 1350
▪ 1305
▪ 1300

 ▪ 1267
▪ 1260

We remain bullish as long as the pair is traded above the level of 1267.
  • AUDUSD



The pair is traded above a strong support level 0.7750 so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 0.7880. This is in case the pair reaches the level of 0.7750.

 

 

 

Resistance levels: Support levels: Recommended:
▪ 0.8100
▪ 0.8060
▪ 0.7940		 ▪ 0.7600
▪ 0.7500

We remain bullish as long as the pair is traded above the level of 0.7750.
  • GBPJPY



As could be seen on the chart above that the pair is traded above a strong uptrend line so the pair may continue going up to reach the level of 152 during the week.

 

 

 

Resistance levels: Support levels: Recommended:
▪ 152
▪ 151
▪ 155

▪ 148
▪ 147

Expected to show more bearish pressures.