Platinum price without any news– Forecast today – 6-5-2025
Platinum price remains affected by the contradiction between the main indicators, which forces it to delay the negative attack by its repeated fluctuation above the extra support at $950.00, achieving some gains by reaching $973.00.
Reminding you that the stability of the price below $983.00 level, will increase the chances for renewing the negative trading in the current trading, to keep waiting for attacking the support at $950.00, while surpassing the barrier will cancel the negative suggestion, to open the way towards activating the bullish rally, which might target $1000.00 level initially.
The expected trading range for today is between $950.00 and $983.00
Trend forecast: Fluctuated within the bearish track
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Copper price activates positively– Forecast today – 6-5-2025
Copper price began activating with the positivity of the main indicators, forming some of the bullish waves, to settle above $4.660 level, attempting to regain the bullish attempts, and the stability of the moving average 55 near the support at $4.5400 reinforces the chances for targeting positive stations, to wait to reach $4.7300, then repeating the pressure on %61.8 Fibonacci correction level near $4.8200.
Noting that reaching below the mentioned support and providing negative closes below it, will assist to confirm the negative scenario again, to expect suffering several losses by reaching $4.4500 and $4.3100.
The expected trading range for today is between $4.5900 and $4.7300
Trend forecast: Bullish
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The (GBPUSD) suffers negative pressures -Analysis-06-05-2025
The (GBPUSD) declined in its recent intraday trading, where it keeps moving within a bearish correctional wave on the short-term basis, trading alongside the bias line, with the continuation of the technical pressures that come from its trading below EMA50, the pressures increase with the continuation of the negative signals on the (RSI), reinforcing the possibilities for the continuation of the decline in the upcoming trading.
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The (USDJPY) gets a positive push -Analysis-06-05-2025
The (USDJPY) rose in its recent intraday trading, leaning on a bullish correctional bias line on the short- term basis, accompanied by leaning on the support of the EMA50, reinforcing this area as a support for the upside track, especially, with the emergence of the positive signals on the (RSI), after reaching oversold levels.
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