by Rami Abu-Draa | Jan 6, 2026 | Tecchnical Analysis
Oil managed to expand the rebound correction above the 57.05 resistance, towards 58.80 two weeks ago. As we see over the previous chart, the market is a facing resistance zone around 59.00-40, which could keep the market inside this trading zone towards the 54.80...
by Rami Abu-Draa | Jan 6, 2026 | Tecchnical Analysis
USDJPY still holds trades a trading channel. As we see over the chart and as long as the market holds above 156.10, another advance toward 157.30 and 157.75 will be expected. Below 156.10, the risk for a further drop towards 155.25 and 154.45 is likely. SUPPORT...
by Rami Abu-Draa | Jan 6, 2026 | Tecchnical Analysis
GBPUSD passed above the 1.3465 resistance which could lead to a further advance towards the 1.3610-40 zone. As we see from the chart, prices face intraday support at 1.3490, where if the market holds above it, the advance toward 1.3610-40 will be expected which in...
by Rami Abu-Draa | Jan 6, 2026 | Tecchnical Analysis
The Euro managed to break a Rising Wedge formation which could cause a downturn towards 1.1490. As we see over the Intraday chart, prices still face a support zone at 1.1600-50, which could lead to an advance higher. Below 1.1600, more of a drop towards 1.1490 will...
by Rami Abu-Draa | Jan 5, 2026 | Tecchnical Analysis
We still holding the same outlook for the Dow as the market is still holding above the 47600-700 support. As we see over the chart, the advance is still ongoing after last Friday’s drop toward 47817, as prices face resistance at 48550 and 48865. As long as the...
