by David Kindley | May 29, 2025 | Tecchnical Analysis
The Dow Jones(US 30)regaining lost ground The Dow Jones(US 30) progressed as the index extended its winning streak. Price action goes from strength to strength after breaking above 42000. 41400 is the current support where buyers have stepped in, but now 42750 could...
by Rami Abu-Draa | May 28, 2025 | Tecchnical Analysis
The Dow managed to hold above the first support of 41850 and added more advance to break above 42100 and close to the first target and resistance at 42435. First Intraday support starts from 42200 where as long as the market keeps above it the advance wave could...
by Rami Abu-Draa | May 28, 2025 | Tecchnical Analysis
Gold managed to meet the target of 3280-95 yesterday and hit a rebound. As we see over the Intraday chart, the market is facing resistance around 3345-65 which could again push for another drop swing toward 3280. Above 3370 more advance will be expected with...
by Rami Abu-Draa | May 28, 2025 | Tecchnical Analysis
Oil hit a high around 64.10 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 action could...
by Rami Abu-Draa | May 28, 2025 | Tecchnical Analysis
USDJPY passed the resistance of 144.40 which could push for advance. As we see over the chart the is market facing the first support around 143.85, where as long as prices keep above it, more advance could hit the market toward 145.95. Below 143.85 more of a drop...
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...
