by Rami Abu-Draa | May 12, 2025 | Tecchnical Analysis
The Dow broke above 41800 while managing to close into the second target of 42500. As we see over the Intraday chart, the market is facing resistance around 42560, which could push for a drop toward 42000 and 41600. Above 42560 more advance will be expected with the...
by Rami Abu-Draa | May 12, 2025 | Tecchnical Analysis
Gold met the target of 3260-70, broke below it and closed in from second target 3200. As we see over the chart, the market is facing intraday support around 3193-3202 which could push for a rebound correction toward 3235 and 3260-70. Below 3193 more of a drop could...
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...
