Copper price repeats the sideways fluctuation– Forecast today – 29-4-2025
Copper price continued providing sideways trading, to keep the negative stability below the barrier at $4.9100, which forms a main factor that confirms the suggested bearish scenario, note that gathering the negative momentum is important to begin targeting negative stations that are located near $4.6600 and $4.5600.
Noting that the price rally above the current barrier and holding above it, will confirm the negative attack, which provides chances for recording extra gains by its rally towards $4.9600 and $5.0400.
The expected trading range for today is between $4.6600 and $4.8400
Trend forecast: Bearish
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GBPUSD soars high -Analysis-29-04-2025
GBPUSD extended its gains in its last intraday trading, to attack the critical resistance at 1.3420, taking advantage of the continuation of the main bullish trend and its trading alongside supported bias line on the short-term basis.
This performance is supported by the stability above EMA50, besides the emergence of the positive signals on the (RSI), which reinforces the chances for completing the rise
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USDJPY slide downwards -Analysis-29-04-2025
USDJPY declined sharply in its last intraday trading, after hitting a main bearish trendline on the short-term basis, to confirm forming negative technical formation, which is the rising wedge pattern, that limited its previous correctional trading, announcing ending the correctional wave.
The price found temporary support at EMA50, besides the continuation of the negative signals that come from the (RSI), despite its trading in oversold levels.
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USDCAD surrounded by negative pressures-Analysis-29-04-2025
USDCAD declined in its last intraday trading, affected by its move within a minor bearish channel’s range on the short-term basis, amid the continuation of the negative signals appearance on the (RSI), despite reaching oversold levels.
Breaking the support of EMA50 increased the negative pressures, which reinforces the possibilities for the continuation of the downside track in the upcoming trading.
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