by Rami Abu-Draa | May 16, 2025 | Tecchnical Analysis
The Pound printed a 1.3332 high today while we still hold our previous outlook as per yesterday. As long as the market holds below this resistance of 1.3360, another drop will be expected to test the 1.3200-20 zone while below this level more of a drop will be...
by Rami Abu-Draa | May 16, 2025 | Tecchnical Analysis
The Euro managed to print a 1.1065 low on Monday and rebounded towards the resistance zone at 1.1265. As we see over the chart, prices remain inside this trading zone. Above 1.1290 more advance toward 1.1380-1.1425 could hit the market. Below 1.1030 a further drop...
by David Kindley | May 16, 2025 | Tecchnical Analysis
Oil prices settled lower, with expectations for a US-Iran nuclear deal that could ease sanctions and release more barrels into the market. With gold jumping higher in yesterday’s session, we will see another rally towards $3300? Timestamps XAUUSD 00:35 WTI 01:45 Test...
by David Kindley | May 16, 2025 | Tecchnical Analysis
FTSE 100 (UK100) stuck sideways The FTSE 100 (UK100) looks for direction as prices, along with the RSI, remain in a lengthy consolidation. The bounce off April’s low showed solid interest in keeping the bullish bias intact and convincingly breaking through the 8000...
by Rami Abu-Draa | May 15, 2025 | Tecchnical Analysis
Dow managed to hold trades below resistance 42560 where managed to met target 42000 and closing from second target and support 41600 As long as market keep holding trades above 41600 support another advance may hit the market where resistances laying at 42560 and...
by Rami Abu-Draa | May 15, 2025 | Tecchnical Analysis
As we see over the Intraday chart, Gold managed to test the edge of support zone 3103-20 while managed to rebound toward 3154 so far As we see over the chart and as long as market holding trades above support 3103-20 a farther rebound toward 3190-200 zone will be...
