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...
by Rami Abu-Draa | May 2, 2025 | Tecchnical Analysis
Gold hit some rebound before testing the support of 3187-93. As we see over the intraday chart, prices are facing resistance inside 3265-80 which could push again for another drop wave towards 3187-93. Above 3280, the advance scenario could control the market for an...
by Rami Abu-Draa | May 2, 2025 | Tecchnical Analysis
Crude Oil rebounded yesterday and looking at the intraday chart, prices are in a downtrend around 59.90-60.25, which could look for another drop. Above 60.25 more advance will be expected with resistances around 61.50 and 63.50. SUPPORT RESISTANCE LEVEL1 57.60...
