by Rami Abu-Draa | May 9, 2025 | Tecchnical Analysis
The Dow managed to break above the resistance 41100-200 last Friday. As we see over the chart the market is facing Intraday supports around 40850 and 40600-50. If prices remain above one of those supports, the advance wave could expand toward 41800. Prices managed...
by Rami Abu-Draa | May 9, 2025 | Tecchnical Analysis
Crude Oil broke above 60.25 today which could set a further advance. As we see over the chart and as long as the market holds above 59.50-90, an advance movement toward targets 61.50 and 63.50 will be expected. Below 59.50 more of a drop to test the 58.00 trend level...
by Rami Abu-Draa | May 9, 2025 | Tecchnical Analysis
USDJPY managed to met targets 145.10 and 145.90 and above. As we see over the Intraday chart, market facing a possible trading zone between support 144.40 and resistance 146.60-85. Above 146.85 more advance could hit the market with the resistance of 148.25 keeping...
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...
