by Rami Abu-Draa | May 9, 2025 | Tecchnical Analysis
The pound held inside our expected trading zone so far and managed today to test the support zone and target of 1.3200-20. This trading zone could control the market between support 1.3200-20 and resistance 1.3435. Above 1.3435 more advance toward 1.3635-45 will be...
by Rami Abu-Draa | May 9, 2025 | Tecchnical Analysis
The Euro managed to break below 1.1245 yesterday and now could push for a further drop to test the support zone of 1.1140-60 with resistance around 1.1265-80. Below 1.1140 the market could head for a drop toward 1.0950. Above 1.1280 more advance toward 1.1380-1.1425...
by Rami Abu-Draa | May 8, 2025 | Tecchnical Analysis
The Dow managed to break above the resistance of 41100-200 last Friday. As we see over the chart, prices are facing Intraday supports around 40850 and 40600-50, where as long as the market holds above one of those supports, the advance wave could expand towards 41800....
by Rami Abu-Draa | May 8, 2025 | Tecchnical Analysis
Crude Oil again tested the resistance zone of 59.70-60.25 and fell toward 57.50 so far. As we see over the chart, a trading zone between support 56.50 and resistance 59.70-60.25 could control the market. Above 60.25 more advance toward 63.50 will be expected. Below...
by Rami Abu-Draa | May 8, 2025 | Tecchnical Analysis
Gold broke above the resistance of 3388 two days ago to meet the target of 3425. As we see over the Intraday chart, the market is facing resistance around 3415-25 which could push again for another drop to test 3350-60. Above 3425 more advance toward 3465 is likely....
