by Rami Abu-Draa | May 12, 2025 | Tecchnical Analysis
Crude Oil hit 61.50 and broke above it last Friday. Price action now faces the first Intraday support around 61.50. if prices remain above it the advance wave could sustain toward the second target and resistance of 64.80. Below 61.50 the market could add more drop...
by Rami Abu-Draa | May 12, 2025 | Tecchnical Analysis
USDJPY hit 146.85 and also today broke higher to meet the target of 148.25. As we see over the chart, prices face the first support around 147.50 while the second support is at 145.70. As long as the market holds trades above one of those supports, the advance wave...
by Rami Abu-Draa | May 12, 2025 | Tecchnical Analysis
GBPUSD broke below the support of 1.3200 today and could add more pressure towards 1.3030. As we see over the chart, the market is facing resistance around 1.3220-60, where as long as the market holds below it, the downtrend pressure could sustain toward 1.3030. Above...
by Rami Abu-Draa | May 12, 2025 | Tecchnical Analysis
The Euro met the target and support at 1.1140-60 and managed to break below it earlier today. As we see over the chart, price face support around 1.1030 which could push for a rebound with resistances at 1.1195 and 1.1265-90. Below 1.1030 a further drop could control...
by Rami Abu-Draa | May 9, 2025 | Tecchnical Analysis
Gold managed yesterday to meet the targets 3350 and 3305 and fell lower. As we see over the chart and as long as the market holds below the resistance of 3360-70, another drop wave toward 3260-70 will be expected. Above 3370 the market might add more advance to...
