Copper price attempts to keep the positivity– Forecast today – 7-5-2025
Copper price reached the initial positive target by reaching $4.7400 level, which forces it to form sideways fluctuated moves, waiting for the extra positive momentum from the main indicators, to confirm renewing the bullish attempts.
Reminding you that the stability of the moving average 55 near the initial support at $4.5400 level supports the attempts of renewing the bullish attempts, which might target $4.8200 level, then attempts to press on the barrier at $4.9000.
The expected trading range for today is between $4.6000 and $4.8100
Trend forecast: Bullish
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(GBPUSD) attempts to gain positive momentum -Analysis-07-05-2025
The (GBPUSD) price declined in its recent intraday trading, attempting to gain positive momentum that might assist it to recover and rise again, and attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from it.
This performance came amid the main bullish trend on the short-term basis and its trading alongside a bias line, to lean on the support of EMA50 in its recent trading, which supported it to rebound higher a little.
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(USDJPY) attempts to recover some of its losses -Analysis-07-05-2025
The (USDJPY) price rose in its recent intraday trading, attempting to recover some of its previous losses, attempting to offload some of the oversold conditions on the (RSI), especially, with the emergence of positive overlapping signals.
The last rise came after the price exited a bullish correctional channel that was limiting its previous trading, with the continuation of the negative pressure from its trading below EMA50.
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(USDCAD) breaks a critical support -Analysis-07-05-2025
The (USDCAD) price settled low in its recent intraday trading, to confirm breaking the critical support at 1.3780, this level kept the stability of the price in its previous trading on the short-term basis.
The last decline came amid the continuation of the negative pressure due to its trading below EMA50, and its trading within a minor bearish channel range that limits its previous trading on the short- term basis, noticing the emergence of the negative signals on the (RSI).
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