by Rami Abu-Draa | May 6, 2025 | Tecchnical Analysis
Crude Oil held below the resistance of 59.90-60.25 and closed towards the target and support zone of 54.90, printing a 55.20 low. As long as the market remains below 59.90-60.25, the pressure could sustain over the market for another drop swing to try to break below...
by Rami Abu-Draa | May 6, 2025 | Tecchnical Analysis
USDJPY fell below the support of 144.00 last week and below this level more pressure could affect market. As we see over the Intraday chart, the market is facing resistance around 144.40, where as long as prices hold below it, more of a drop will be expected to test...
by Rami Abu-Draa | May 6, 2025 | Tecchnical Analysis
GBPUSD held trades inside our expected trading zone so far and tested 1.3435 and fell toward 1.3260 so far. The trading zone between the support 1.3200-20 and resistance 1.3435 could control the market for now. Above 1.3435 more advance toward 1.3635-45 will be...
by Rami Abu-Draa | May 6, 2025 | Tecchnical Analysis
The Euro managed last week to test the edge of our support zone of 1.1245-65 and rebounded toward 1.1380. As long as the market holds above this support zone at 1.1245-65, the advance wave could sustain for a further advance. Below 1.1245 more of a drop toward...
by Rami Abu-Draa | May 2, 2025 | Tecchnical Analysis
The Dow advanced above the key resistance of 40915 on big tech earnings. As we see over the chart, the market managed yesterday to test a downtrend line resistance and target of 41100-200 which could create a correction toward 40600 and 40000. Above 41200 more advance...
