by Rami Abu-Draa | Jun 16, 2025 | Tecchnical Analysis
Oil broke above the 64.80 resistance to meet the target at 66.90. Prices managed to jump fast on the Middle Eastern conflict to hit a 75.25 high. With the market being on the over bought zone, prices managed to push for a correction toward the first support at 69.75....
by Rami Abu-Draa | Jun 16, 2025 | Tecchnical Analysis
USDJPY seems to be building a decending triangle which could lead to a further drop if this formation manages to control the market. As we see over the chart, there is a resistance zone at 145.00-45 with support at 141.50-142.10. Above 145.45 more advance will be...
by Rami Abu-Draa | Jun 16, 2025 | Tecchnical Analysis
GBPUSD still holding above 1.3390 which gives the chance for an advance towards 1.3735. Below 1.3390 more of a drop toward 1.3250-70 will be expected with the first Intraday support at 1.3545. SUPPORT RESISTANCE LEVEL1 1.3545 1.3635 LEVEL2 1.3390-1.3410 1.3735 LEVEL3...
by Rami Abu-Draa | Jun 16, 2025 | Tecchnical Analysis
The Euro held above the support of 1.1475 and advanced toward 1.1585 so far today. The target is still at 1.1690, while support remains at 1.1475. Below 1.1475 the market could drop to re-test the 1.1355 support zone. SUPPORT RESISTANCE LEVEL1 1.1475 1.1630 LEVEL2...
by David Kindley | Jun 16, 2025 | Tecchnical Analysis
The market opened with a few gaps as Oil fluctuated over $8. With the recent global tensions boiling over, can gold reclaim its record high by the end of the week? Timestamps XAUUSD 00:30 WTI 01:45 Test your trading strategy on forex and stocks with Orbex OPEN LIVE...
by David Kindley | Jun 16, 2025 | Tecchnical Analysis
USOIL (WTIcrude) breaking higher USOIL (WTIcrude) continued its surge higher as Middle Eastern tensions continued to rise. The recent spike to the upside saw over $4 being added to the value of the black gold as price action tested the 78.00 level. With the whipsaw...
