by Rami Abu-Draa | May 30, 2025 | Tecchnical Analysis
Oil hit a high around 64.10 last week and dropped to close in again to the support zone of 59.50-90. As we see over the chart, prices face resistance around 64.80 and support around 59.50-90 which could keep the market inside this trading zone. Above 64.80 price...
by Rami Abu-Draa | May 30, 2025 | Tecchnical Analysis
USDJPY met the target of 145.95 before the market hit a fast correction. As we see over the chart, prices are facing Intraday resistance around 144.45 with support around 143.40. As long as prices keep holding below 144.40, a chance for a further drop toward 142.10 is...
by Rami Abu-Draa | May 30, 2025 | Tecchnical Analysis
The Pound dropped as prices remained below the resistance of 1.3635-45 and printed a 1.3415 low yesterday. As we see over the Intraday chart, the market is facing the first Intraday resistance around 1.3525, where as long as the market holds below it, a further drop...
by Rami Abu-Draa | May 30, 2025 | Tecchnical Analysis
The Euro yesterday fell below 1.1365 as the second support at 1.1200 managed to push market higher again. As we see from the chart, the market is facing Intraday support around 1.1300 where as long as prices hold above it, a trading zone towards 1.1390 could control...
by David Kindley | May 30, 2025 | Tecchnical Analysis
The dollar fell further as data showed the US economy contracted in Q1, as jobless numbers also disappointed. With Gold continuing its choppy run, will we see any fresh peaks for the yellow metal soon? Timestamps DXY 00:25 XAUUSD 01:45 Test your trading strategy on...
by David Kindley | May 30, 2025 | Tecchnical Analysis
XAUUSD (yellow metal) losing momentum Gold sank over $60 as the ongoing geo-political tensions meant a choppy ride for the XAUUSD (yellow metal). Prices are trying to safeguard their recent gains after a slight dip in price action towards 3250. Fresh selling and...
