by Rami Abu-Draa | May 28, 2025 | Tecchnical Analysis
The Pound dropped and managed today to test the support trend of 1.3440-70 and hit a rebound. 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 at...
by Rami Abu-Draa | May 28, 2025 | Tecchnical Analysis
The Euro corrected as the market still holding inside an uptrend channel as we see on the chart. Market support is around 1.1265-85, where as long as prices hold above it, the advance wave could sustain with resistance around 1.1440. Above 1.1440 more advance will be...
by David Kindley | May 28, 2025 | Tecchnical Analysis
Dollar Breaks Higher to Recoup Losses! Gold managed to hold onto the $3300 level as the dollar pushes higher. With the FOMC meeting expected to give more clues about the Fed’s direction, will there be any further surprises from the panel? Timestamps DXY 00:25 XAUUSD...
by David Kindley | May 28, 2025 | Tecchnical Analysis
GBPUSD pushes higher Cable moved higher as the US Dollar sell-off continued across the board. From the chart’s perspective, the bias remains bullish as the pair aims to close above 1.3600. As momentum becomes slightly exhaustive after hitting a recent double top, a...
by Rami Abu-Draa | May 27, 2025 | Tecchnical Analysis
The Dow managed to rebound before testing the support zone of 40800-900 as the index printed a low around 41160 last Friday. As we see over the chart the market is facing support around 41850 and 41600, which one of those supports could keep the advance wave going...
by Rami Abu-Draa | May 27, 2025 | Tecchnical Analysis
Gold managed to hold below the resistance of 3365-70 and managed to drop further. Gold managed so far to hit low around 3302. As we see over the Intraday chart, the market is facing its first support zone around 3280-95 and another advance will be expected toward...
