by Rami Abu-Draa | May 16, 2025 | Tecchnical Analysis
USDJPY managed to hit a correction today to hit a 144.90 low. As we see over the chart, the market could head again for another advance from the 145.40 support with the target and resistance zone at 148.20-60. Below 144.40-80 the market could head for a further drop...
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...
