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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

12 November 2024

powered by Land Prime

  • EURUSD

Update: The pair is currently trading at 1.0734, holding above a critical support level at 1.0700. If it manages to break past 1.0776 resistance, there’s potential for a move up towards 1.0990. The RSI is showing signs of recovery, suggesting some room for upside movement if support holds. Key levels to monitor are 1.0800 - 1.0700.

Resistance levels: Support levels: Recommended:
▪ 1.1260
▪ 1.1200
▪ 1.1000		 ▪ 1.0600
▪ 1.0550
▪ 1.0500

Bullish above 1.0600
  • GBPUSD

Update: GBPUSD finds itself trading around 1.2879, approaching 1.2841 support aligned with the 200-day moving average. A recovery from this zone may set the stage for a rally toward 1.3018 or even 1.3256 if momentum builds. Watch for any signs of weakness below 1.2841, as it could suggest further downside.

Resistance levels: Support levels: Recommended:
▪ 1.3200
▪ 1.3100
▪ 1.3035		 ▪ 1.2800
▪ 1.2700
▪ 1.2659		 Bearish below 1.2850
  • GOLD

Update: Gold (XAUUSD) is positioned at 2605.18, hovering near crucial support at 2527.57 in its ascending channel. Should it bounce here, 2805.18 is within reach as an upper resistance target. The oversold Stochastic points to potential reversal, making this a key zone for buyers. Levels to watch: 2805.18 - 2527.57.

Resistance levels: Support levels: Recommended:
▪ 3000
▪ 2900
▪ 2800		 ▪ 2500
▪ 2450
▪ 2400		 Bearish below 2700

  • AUDUSD

Update: AUDUSD is currently trading at 0.6635, holding above its 0.6569 support level. If it clears 0.6824 resistance, it could advance to test 0.6868. The OsMA indicator suggests emerging bullish momentum, indicating potential for further upside as long as support remains intact. Key levels: 0.6700 - 0.6569 for stability.

Resistance levels: Support levels: Recommended:

▪ 0.6700
▪ 0.6650
▪ 0.6640

▪ 0.6478
▪ 0.6400
▪ 0.6300

Bearish below 0.6640
  • GBPJPY

 

Update: GBPJPY is at 197.05, consolidating near 195.96 support within its upward channel. A push past 198.41 could extend gains toward 200.00 or higher. Momentum on the AO is mixed, so buyers may need to stay cautious. Important boundaries to monitor: 198.41 - 195.96

Resistance levels: Support levels: Recommended:
▪ 201.00
▪ 200.00
▪ 199.73

▪ 196.00
▪ 195.26
▪ 193.00

Bearish below 200.00

 

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