by Rami Abu-Draa | May 6, 2025 | Tecchnical Analysis
USDJPY fell below the support of 144.00 last week and below this level more pressure could affect market. As we see over the Intraday chart, the market is facing resistance around 144.40, where as long as prices hold below it, more of a drop will be expected to test...
by Rami Abu-Draa | May 6, 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 for now. Above 1.3435 more advance toward 1.3635-45 will be...
by Rami Abu-Draa | May 6, 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 6, 2025 | Tecchnical Analysis
Gold extended gains as the safe haven asset was reinforced by the ongoing aggressive trade policy. The moves to impose and then pause sweeping tariffs kept the yellow metal (Gold) on course for another record high. Timestamps XAUUSD 00:30 DXY 01:25 Test your trading...
by David Kindley | May 6, 2025 | Tecchnical Analysis
Canadian dollar (USDCAD) stuck in a range The Canadian dollar (USDCAD) looks for further direction as price action remains stuck sideways. The pair remains in a long-term consolidation as 1.3770 is an important support to prevent prices from breaking lower. On the...
by David Kindley | May 5, 2025 | Tecchnical Analysis
New Zealand dollar (NZDUSD) stuck in descending channel The New Zealand dollar (NZDUSD) attempted to claw back recent losses after Friday’s NFP numbers missed the consensus. The pair has recently struggled against the greenback, which saw over 200 pips wiped off the...
