Copper price is weak– Forecast today – 12-5-2025
Copper price rally above the moving average 55, will not affect the negative suggestion for the current trading, because of the formation of consecutively lower peaks, keeping its stability below the main barrier at $4.9100.
The price might keep forming weak trading until gathering the negative momentum, that assist to confirm breaking $4.5000 level, then begin targeting new negative stations by breaching $4.4500 reaching $4.3100.
The expected trading range for today is between $4.5000 and $4.7000
Trend forecast: Bearish
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GBPUSD surrenders to the negative pressures -Analysis-12-05-2025
The (GBPUSD) price declines in its recent intraday trading, affected by reaching the resistance of its EMA50, which put it under negative pressure, especially with the dominance of a bearish correctional wave on the short-term basis, besides the emergence of negative overlapping signals on the short-term basis, besides the reaching exaggerated overbought levels compared by the price move, which indicates the beginning of forming a negative divergence, which reinforces the bearish trend scenario.
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USDJPY surges high -Analysis-12-05-2025
The (USDJPY) price surges in its recent intraday trading, to settle again above the resistance at 145.52, representing 50%Fiboancci correction level for the last bearish wave on the short-term basis (from 151.20 to 139.88).
This performance comes from the price trading alongside a bullish correctional trend line on a short-term basis, with the continuous positive pressure due to its trading above its EMA50, besides the emergence of the positive signals on the (RSI), after offloading the price’s clear overbought conditions.
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USDCAD attempts to gather positive momentum -Analysis-12-05-2025
The (USDCAD) price rose slightly in its recent intraday trading , amid its stability above the critical resistance at 1.3900, to attempt to gain positive momentum that might supports it to resume the bullish correctional rise on the short-term basis, affected by a main bearish trend line previously, and there is a continuous positive support due to its trading above EMA50, accompanied by the positive signals on the (RSI), despite its stability on overbought levels.
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