by Rami Abu-Draa | May 9, 2025 | Tecchnical Analysis
USDJPY managed to met targets 145.10 and 145.90 and above. As we see over the Intraday chart, market facing a possible trading zone between support 144.40 and resistance 146.60-85. Above 146.85 more advance could hit the market with the resistance of 148.25 keeping...
by Rami Abu-Draa | May 9, 2025 | Tecchnical Analysis
The pound held inside our expected trading zone so far and managed today to test the support zone and target of 1.3200-20. This trading zone could control the market between support 1.3200-20 and resistance 1.3435. Above 1.3435 more advance toward 1.3635-45 will be...
by Rami Abu-Draa | May 9, 2025 | Tecchnical Analysis
The Euro managed to break below 1.1245 yesterday and now could push for a further drop to test the support zone of 1.1140-60 with resistance around 1.1265-80. Below 1.1140 the market could head for a drop toward 1.0950. Above 1.1280 more advance toward 1.1380-1.1425...
by David Kindley | May 9, 2025 | Tecchnical Analysis
USDCAD (Canadian dollar) finding support The USDCAD (Canadian dollar) lost a bit more ground to its neighbour as last week’s Fed decision kept the greenback elevated. Fed Chair Jerome Powell set a muted tone on whether there would be any rate cuts this year as Trump’s...
by David Kindley | May 9, 2025 | Tecchnical Analysis
UK100(FTSE) hits resistance The UK100(FTSE) maintained its bullish stance as prices remained above the 8500 level. The recent rally has put the index back right under this month’s high after bouncing towards 8600. A continuation could signal a move to a fresh peak...
by Rami Abu-Draa | May 8, 2025 | Tecchnical Analysis
The Dow managed to break above the resistance of 41100-200 last Friday. As we see over the chart, prices are facing Intraday supports around 40850 and 40600-50, where as long as the market holds above one of those supports, the advance wave could expand towards 41800....
