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

21 December 2021

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  • EURUSD

Update: The pair has been trading in a very tight range between 1.1400 – 1.1160. Therefore, we will be waiting for the pair to break through one of these levels then we can enter the market. On the other hand, we can go short for the resistance level (1.1400) to target 1.1160 or we can go long from 1.1160 to target 1.1400.

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

We are bearish as long as the pair is trading below 1.1400.

  • GBPUSD

Update: The chart above shows that the pair has been 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: 1.3450 – 1.3500. 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:
▪ 1.3600
 1.3500
▪ 1.3450
 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 below a strong resistance level that is 1814. Therefore, we will be waiting for the pair to show up bearish evidence below it, then we can go short to target 1766. On the other hand, if the level of 1814 is broken, the pair might continue going upwards to reach 1833.

Resistance levels: Support levels: Recommended:
 1877
 1850
 1833
 1760
 1724
 1677
Waiting for the pair to reach 1814.

  • AUDUSD

Update: The pair has been 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: As could be seen on the chart above that the pair has been trading above a strong support level that is 148.50 Therefore, we REMAIN bullish as long as the pair is trading above it with targets: 153 followed by 154. 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:
154.50
 154.00
 153.00

 149.00
148.50
 148.00

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

 

 

 

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