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

1 March 2024

powered by Land Prime

  • EURUSD

Update: As could be seen on the chart above that the pair is trading above a strong support level that is 1.0696. Therefore, we are bullish as long as the pair is trading above it with targets: 1.0840 – 1.0900. On the other hand, a close below 1.0696 would push the pair further downwards towards 1.0569.

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

Bearish below 1.0700
  • GBPUSD

Update: The chart above shows that the pair is trading above a strong support level that is 1.2490. Therefore, we are bullish as long as the pair is trading above it with targets: 1.2730 – 1.2800.

Resistance levels: Support levels: Recommended:
▪ 1.3000
▪ 1.2900
▪ 1.2800		 ▪ 1.2490
▪ 1.2450
▪ 1.2400

Bullish above the broken downtrend line
  • GOLD

Update: The chart above shows that the pair is trading above 2200. Therefore, we are bullish as long as the pair is trading above it with targets: 3000.

Resistance levels: Support levels: Recommended:
▪ 3100
▪ 3050
▪ 3000		 ▪ 2200
▪ 2180
▪ 2150		 Bullish above 2200.

  • AUDUSD

Update: The chart above shows that the pair is trading above a strong support level that is 0.6480. Therefore, we are bullish as long as the pair is trading above it with targets: 0.6550. On the other hand, a close below 0.6480 would push the pair towards: 0.6440 – 0.6400.

Resistance levels: Support levels: Recommended:

▪ 0.7000
▪ 0.6950
▪ 0.6700

▪ 0.6480
▪ 0.6450
▪ 0.6400

Bearish below 0.6480
  • GBPJPY

Update: The pair has reached a strong support level that is the downside of a bullish channel shown on the chart above. Therefore, we are bullish as long as the pair is trading above it with targets: 193 – 194.

Resistance levels: Support levels: Recommended:
▪ 195.00
▪ 194.00
▪ 193.00

▪ 191.00
▪ 190.00
▪ 189.00

Bullish above the downside of the bullish channel.

 

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