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...
by David Kindley | May 2, 2025 | Tecchnical Analysis
USDCAD remains bearish Trade tariffs have been the centre of attention in the past few months as the worries over an upcoming recession seem more and more likely. As the greenback continues its sell-off, traders have given up on a potential rebound. With a host of...
by Rami Abu-Draa | May 2, 2025 | Tecchnical Analysis
The Dow advanced above the key resistance of 40915 on big tech earnings. As we see over the chart, the market managed yesterday to test a downtrend line resistance and target of 41100-200 which could create a correction toward 40600 and 40000. Above 41200 more advance...
by Rami Abu-Draa | May 2, 2025 | Tecchnical Analysis
Gold hit some rebound before testing the support of 3187-93. As we see over the intraday chart, prices are facing resistance inside 3265-80 which could push again for another drop wave towards 3187-93. Above 3280, the advance scenario could control the market for an...
by Rami Abu-Draa | May 2, 2025 | Tecchnical Analysis
Crude Oil rebounded yesterday and looking at the intraday chart, prices are in a downtrend around 59.90-60.25, which could look for another drop. Above 60.25 more advance will be expected with resistances around 61.50 and 63.50. SUPPORT RESISTANCE LEVEL1 57.60...
by Rami Abu-Draa | May 2, 2025 | Tecchnical Analysis
USDJPY so far managed to hold above the support zone of 144.00 and added more advance above 145.15. As we see over the chart and as long as the market holds above 144.00, more advance toward 147.15-30 will be expected. Below 144.00 a chance for a drop to test...
