by Rami Abu-Draa | May 21, 2025 | Tecchnical Analysis
GBPUSD managed to break above resistance 1.3360 to hit the target 1.3440. As we from the chart, the market is facing a support zone around 1.3315-30, where as long as prices keep holding above it, the advance wave could expand towards 1.3635. Below 1.3315 more of a...
by Rami Abu-Draa | May 21, 2025 | Tecchnical Analysis
Euro broke above the resistance of 1.1290 and managed to print a high around 1.1350. As we see over the chart, the market is still targeting the 1.1380 resistance zone with support at 1.1265. Below 1.1265 more of a drop could hit the market with the support trend at...
by David Kindley | May 21, 2025 | Tecchnical Analysis
Gold prices jumped over $100 as the greenback fell below $100 once again. Weakness and renewed concerns over America’s fiscal health following the credit downgrade linger on. Timestamps XAUUSD 00:25 DXY 01:35 Test your trading strategy on forex and stocks with Orbex...
by David Kindley | May 21, 2025 | Tecchnical Analysis
The Dow(US30) continues choppy upturn The Dow(US30) shrugged off the latest credit downgrade to end another positive session. A move above the recent high of 42500 has put bears under pressure, and with layers of support underneath, this is likely to be a continuation...
by David Kindley | May 20, 2025 | Tecchnical Analysis
US indices continued to push higher as investors looked past Moody’s downgrade of the United States’ credit rating. With Treasury Yields falling from their peaks, will the indices get back on track to make a full recovery? Timestamps DOW 00:30 SPX500 01:50 Test your...
by David Kindley | May 20, 2025 | Tecchnical Analysis
USOIL (WTI OIL) feeling the pressure USOIL (WTI OIL) fell over 1% again as geopolitical tensions continued to simmer. The price has given up some of its monthly gains, and the bearish bias could attract more selling interest. A drop below the psychological level of...
