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...
by Rami Abu-Draa | May 23, 2025 | Tecchnical Analysis
Gold held above the support at 3275 while managing to advance towards 3350. As we see over the chart, the market faces resistance around 3365-70 which could push for a drop toward 3275-95. Above 3370 the market could have chance for an advance with resistances at 3415...
by Rami Abu-Draa | May 23, 2025 | Tecchnical Analysis
GBPUSD broke above the resistance of 1.3360 and hit the target of 1.3440. As we see over the chart, prices are facing support around 1.3315-30, where as long as the market remains above it, the advance wave could expand towards 1.3635. The pair managed to add more...
by Rami Abu-Draa | May 23, 2025 | Tecchnical Analysis
USDJPY managed to hit below the 143.00 level which could be a sign for a further drop. As we see over the Intraday chart, the market is facing the first resistance around 143.60. If prices remain below that level, the drop pressure could sustain to break below 142.80...
