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

07 December 2021

powered by Land Prime

Nothing important for today!

 

  • EURUSD

 

Update: The pair is moving sideways as could be clearly seen on the chart above. To the upside, there is a strong resistance level (1.1400) and to the downside, there is a strong support level that is 1.1170. We could wait for the pair to breakthrough one of these levels so we can enter the market. On the other hand, we could carefully go short from the upside to target the other side or go long from the support level to target the resistance level.

Resistance levels: Support levels: Recommended:
 1.1650
1.1533
▪ 1.1500
▪ 1.1160
 1.1100
 1.1050

We are bullish as long as the pair is trading above 1.1160.

  • GBPUSD

 

Update: The chart above shows that the pair is trading above a strong support level that is 1. 3160. Therefore, we are bullish as long as the pair is trading above it with targets: 1.3350 – 1.3400. On the other hand, if the level of 1.3160 is broken, the pair might continue going downwards to reach 1.3100 – 1.3050.

Resistance levels: Support levels: Recommended:
▪ 1.3450
 1.3400
▪ 1.3350
 1.3160
 1.3100
 1.3050

We are bullish as long as the pair is trading above 1.3160.

  • GOLD

 

Update: The chart above shows that the pair is trading above a strong support level that is 1760. Therefore, we are bullish as long as the pair is trading above it with targets: 1800 followed by 1825. On the other hand, if the level of 1760 is broken, the pair might continue going downwards to reach 1724 followed by 1680.

Resistance levels: Support levels: Recommended:
 1877
 1850
 1833
 1760
 1724
 1677
We are bearish as long as the pair is trading below 1877.

  • AUDUSD

 

Update: As could be seen on the chart above that the pair is trading above a strong support level that is 0.6980. Therefore, we are bullish as long as the pair is trading above it with targets: 0.7350. On the other hand, if the level of 0.0.6980 is broken, the pair might continue going downwards to reach 0.6900.

Resistance levels: Support levels: Recommended:

▪ 0.7750
0.7470
0.7350

▪ 0.6980
0.6950
▪ 0.6900

We are bullish as long as the pair is trading above 0.6980.

  • GBPJPY

 

Update: The pair has been trading above a strong support level that is 148.50 Therefore, we are bullish as long as the pair is trading above it with targets: 152 followed by 153. On the other hand, if the level of 148.50 is broken, the pair might continue going downwards to reach 147.50.

Resistance levels: Support levels: Recommended:
153.50
 153.00
 152.00

 149.00
148.50
 148.00

We are bullish as long as the pair is trading above 148.50.

 

 

 

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.