by David Kindley | Oct 16, 2025 | Tecchnical Analysis
Banking stocks are back in the headlines as Morgan Stanley and Bank of America reported strong results. With indices attempting to regain their composure, could another trade conflict cause another correction? Timestamps DOW 00:25 SPX500 01:40 Test your trading...
by Rami Abu-Draa | Oct 16, 2025 | Tecchnical Analysis
The Dow managed yesterday to hit around 80 pips above the resistance at 46600, as the market moved back to hit the daily close, which was a sign of a false break. We still holding our previous outlook for Dow that if prices hold below 46600, this could threaten a...
by Rami Abu-Draa | Oct 16, 2025 | Tecchnical Analysis
Gold met the target of 4235 and price action looks to be building a Rising Wedge formation, which is considered to be a challenge for the uptrend wave. So far, the market is showing the chance for a trading zone between 4200 and 4245-50. Above 4250, this could lead...
by Rami Abu-Draa | Oct 16, 2025 | Tecchnical Analysis
As we see over the previous chart, prices face the chance for a trading zone between support 57.60 and resistance 59.80-60.25. The market managed to hit this rebound correction toward 59.00 yesterday. Below 57.60 the downtrend pressure could sustain with support at...
by Rami Abu-Draa | Oct 16, 2025 | Tecchnical Analysis
USDJPY fell below the first support at 150.90 as the market still faces a second support around 149.75. As we advised before and if the market holds above the support of 149.75, the advance wave could sustain toward the target of 154.65. Below 149.75 the market...
by Rami Abu-Draa | Oct 16, 2025 | Tecchnical Analysis
The pair managed to re-test the resistance zone at 1.3420-60 today. As we see over the previous chart, and as long as the market holds below the resistance zone of 1.3420-60, the drop pressure could continue. Prices facing a support zone at 1.3140 which could keep...
