by Rami Abu-Draa | May 8, 2025 | Tecchnical Analysis
Crude Oil again tested the resistance zone of 59.70-60.25 and fell toward 57.50 so far. As we see over the chart, a trading zone between support 56.50 and resistance 59.70-60.25 could control the market. Above 60.25 more advance toward 63.50 will be expected. Below...
by Rami Abu-Draa | May 8, 2025 | Tecchnical Analysis
Gold broke above the resistance of 3388 two days ago to meet the target of 3425. As we see over the Intraday chart, the market is facing resistance around 3415-25 which could push again for another drop to test 3350-60. Above 3425 more advance toward 3465 is likely....
by Rami Abu-Draa | May 8, 2025 | Tecchnical Analysis
USDJPY held below 144.40 and managed 2 days ago to hit the target zone of 142.50-70. Prices also managed to rebound from that support zone. As we see from the chart and if prices hold above 142.30, more advance toward 145.10 could hit the market. Below 142.30 more of...
by Rami Abu-Draa | May 8, 2025 | Tecchnical Analysis
GBPUSD held trades inside our expected trading zone so far and tested 1.3435 and fell toward 1.3260 so far. The trading zone between the support 1.3200-20 and resistance 1.3435 could control the market. Above 1.3435 more advance toward 1.3635-45 will be expected....
by Rami Abu-Draa | May 8, 2025 | Tecchnical Analysis
The Euro managed last week to test the edge of our support zone of 1.1245-65 and rebounded toward 1.1380. As long as the market holds above this support zone at 1.1245-65, the advance wave could sustain for a further advance. Below 1.1245 more of a drop toward...
by David Kindley | May 8, 2025 | Tecchnical Analysis
Dow Jumps as Inflation Remains High! The Fed held its funds rate as officials adopt a wait-and-see approach to the ongoing trade war. Concerns that Trump’s tariffs could drive up inflation and slow economic growth could cap any proposed rate cuts in the near future....
