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

20 April 2018

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  • EURUSD

 

Update: the pair just reached our support level, the uptrend line – waiting for it to show up some positive factors where we can go long. As could be seen on the daily chart that we have two options where we can enter the market; the first point is the resistance level of 1.2500. This is where we can go short targeting the uptrend line. The 2nd point is the trend line. This is where we can go long targeting the level of 1.2500.

 

Resistance levels: Support levels: Recommended:
▪ 1.2550
▪ 1.2440
▪ --		 ▪ 1.22
▪ 1.21
▪ 1.1550

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

  • GBPUSD

 

Update: Our weekly target was hit. As could be seen on the daily chart that the pair is traded below a strong resistance level that could be found at 1.4350. Therefore, we are bearish as long as the pair is traded below that level. Our 1st target is 1.41.

 

Resistance levels: Support levels: Recommended:
▪ 1.4340
▪ 1.4200
▪ --		 ▪ 1.3800
▪ 1.3700
▪ 1.3600

We are bearish as long as the pair is traded below the level of 1.4340.

  • GOLD

 

Update: it is about to reach our first target around 1330. For the 6th time, the pair is traded below strong resistance levels that could be found at 1365 to 1350. So, we are bearish as long as the pair is traded below them. Our first target is: 1330 followed by 1320.

 

Resistance levels: Support levels: Recommended:
▪ 1350
▪ 1365
▪ --		 ▪ 1310
▪ 1300
▪ 1290

We are bearish as long as the pair is traded below the level of 1365..

  • AUDUSD

 

Update: Our weekly target was hit. As could be seen on the daily chart that the pair is traded within a descending channel. Having the pair traded below the upside of the channel can open the door for further downward movements during the week that it can reach the level of 0.7671.

 

 

Resistance levels: Support levels: Recommended:

▪ 0.8000
▪ 0.7900
▪ --

 ▪ 0.7700
▪ 0.7600
▪ 0.7500

We are bearish as long as the pair is traded below the upside of the channel.

  • GBPJPY

 

Update: Still traded above the neckline. The pair successfully formed a head and shoulders pattern as could be seen on the daily chart. The neck-line of the pattern is broken (150.30) so we are bullish as long as the pair is traded above it. Our first target is 153 followed by 154. In case the pair reaches the neckline again, we can go long targeting the level of 153 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 156
▪ 155

▪ 147
▪ 146

We are bullish as long as the pair is traded above the level of 150.30.

 

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