by Rami Abu-Draa | May 27, 2025 | Tecchnical Analysis
USDJPY managed to hold below 143.60 to hit a 142.10 low today closing to our target of 141.50-90. As we see from our previous chart, there is resistance around 143.60 where as long as the market holds below it, the drop pressure could sustain toward 141.50-90. Above...
by Rami Abu-Draa | May 27, 2025 | Tecchnical Analysis
The Pound managed to hold above the support of 1.3315-30 and advanced toward 1.3593 yesterday. 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...
by Rami Abu-Draa | May 27, 2025 | Tecchnical Analysis
The Euro held above 1.1265 and managed to advance toward 1.1418 yesterday, closing to the resistance of 1.1440. As we see from the Intraday chart, prices face a trading zone between the support 1.1350 and resistance 1.1440. Above 1.1440 more advance will be expected...
by Rami Abu-Draa | May 23, 2025 | Tecchnical Analysis
The Dow managed to break below the support of 42140 two days ago and managed to drop towards the target of 41600-700. Prices today broke below the support of 41600 on the Trump announcement that 50% tariffs on Europe start from the 1st of June. As we see over the...
by Rami Abu-Draa | May 23, 2025 | Tecchnical Analysis
Prices hit a high around 64.10 two days ago and fell lower to close again to the support zone of 59.50-90. As we see from the chart, the market faces resistance around 64.80, where as long as prices hold below it a chance for a correction is likely. Above 64.80 the...
