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

09 February 2024

powered by Land Prime

  • EURUSD

Update: No changes! The chart above shows that the pair is trading above a strong support level that is 1.0700. Therefore, we are bullish as long as the pair is trading above it with targets: 1.0900 – 1.1000. On the other hand, a daily close below 1.0700 would push the pair towards: 1.0460.

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

Bearish below 1.0700
  • GBPUSD

Update: We remain bullish! The pair has been trading above a strong support level that is 1.2500. Therefore, we are bullish as long as the pair is trading above it with targets: 1.2750 – 1.2900. On the other hand, a daily close below 1.2500 would push the pair towards: 1.2370.

Resistance levels: Support levels: Recommended:
▪ 1.3000
▪ 1.2900
▪ 1.2800		 ▪ 1.2500
▪ 1.2400
▪ 1.2300

Bearish below 1.2500
  • GOLD

Update: We remain bearish! The chart above shows that the pair is trading below a strong resistance level that is 2050. Therefore, we are bearish as long as the pair is trading below it with targets: 2020 – 2000. On the other hand, a daily close above 2050 would push the pair towards: 2080

Resistance levels: Support levels: Recommended:
▪ 2140
▪ 2100
▪ 2050		 ▪ 2015
▪ 2000
▪ 1990		 Bearish below 2050

  • AUDUSD

Update: No changes! The pair managed to break through a strong support level that is 0.6600. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6440.

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 broke through the upside! The chart above shows that the pair is trading below a strong resistance level that is 188.22. Therefore, we are bearish as long as the pair is trading below it with targets: 184 – 183.

Resistance levels: Support levels: Recommended:
▪ 190.00
▪ 189.00
▪ 188.22

▪ 178.50
▪ 178.00
▪ 177.00

Bearish below 188.22

 

 

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