by Rami Abu-Draa | May 28, 2025 | Tecchnical Analysis
Oil hit a high around 64.10 and dropped to close in again to the support zone of 59.50-90. As we see over the chart, prices face resistance around 64.80 and support around 59.50-90 which could keep the market inside this trading zone. Above 64.80 price action could...
by Rami Abu-Draa | May 28, 2025 | Tecchnical Analysis
USDJPY passed the resistance of 144.40 which could push for advance. As we see over the chart the is market facing the first support around 143.85, where as long as prices keep above it, more advance could hit the market toward 145.95. Below 143.85 more of a drop...
by Rami Abu-Draa | May 28, 2025 | Tecchnical Analysis
The Pound dropped and managed today to test the support trend of 1.3440-70 and hit a rebound. The market still faces resistance around 1.3635-45 with support at 1.3440-70 which could create a trading zone. Above 1.3645 more advance will be expected with resistances at...
by Rami Abu-Draa | May 28, 2025 | Tecchnical Analysis
The Euro corrected as the market still holding inside an uptrend channel as we see on the chart. Market support is around 1.1265-85, where as long as prices hold above it, the advance wave could sustain with resistance around 1.1440. Above 1.1440 more advance will be...
by Rami Abu-Draa | May 27, 2025 | Tecchnical Analysis
The Dow managed to rebound before testing the support zone of 40800-900 as the index printed a low around 41160 last Friday. As we see over the chart the market is facing support around 41850 and 41600, which one of those supports could keep the advance wave going...
