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

23 June 2023

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  • EURUSD

Update: We remain the same. The chart above shows that the pair has been trading below a strong resistance level that is 1.11. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0900 – 1.0800.

Resistance levels: Support levels: Recommended:
1.1250
1.1200
1.1100
1.0900
1.0800
1.0750

 Bearish below 1.1100.

  • GBPUSD

Update: Target was hit. As could be seen on the chart above, the pair is trading below a strong resistance level that is 1.2850. Therefore, we are bearish as long as the pair is trading below it with targets: 1.2700 – 1.2650.

Resistance levels: Support levels: Recommended:
▪ 1.2950
1.2900
▪ 1.2850
1.2700
1.2650
1.2600

Bearish below 1.2850.

  • GOLD

Update: Target was hit. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1970. Therefore, we are bearish as long as the pair is trading below it with targets: 1940 – 1924.

Resistance levels: Support levels: Recommended:
1990
1985
1970
1935
1930
1900
Bearish below 1970.00

  • AUDUSD

The chart above shows that the pair is trading below a strong resistance level that is 0.67. Therefore, we are bearish as long as the pair is trading below it with targets: 0.66 – 0.6580.

Resistance levels: Support levels: Recommended:

▪ 0.7000
0.6900
0.6800

▪ 0.6500
0.6400
▪ 0.6300

Bullish above 0.6700.

  • GBPJPY

Update: Target was hit. The chart above shows that the pair is trading above a strong support level that is 179. Therefore, we are bearish as long as the pair is trading above it with targets: 180 – 181.

Resistance levels: Support levels: Recommended:
185.00
182.50
182.00

 179.00
178.00
177.00

Bullish

 

 

 

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