Forecast update for silver -05-05-2025
The silver price rose on its recent intraday trading, leaning on the key support at $31.90, providing positive momentum besides the emergence of the positive signals on the (RSI), after reaching oversold levels, on the other hand, the negative pressure continues due to its trading below EMA50, which might decelerate the continuation of the price rise.
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Forecast update for gold -05-05-2025
The gold price rose on its recent intraday trading, supported by the emergence of the positive signals on the (RSI), to succeed in breaching the bearish correctional trend line on the short-term basis, to surpass the resistance of the EMA50, surpassing its negative pressure.
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Forecast update for EURUSD -05-05-2025
The EURUSD witnessed mixed trading on its recent intraday trading, with the emergence of positive overlapping signals on the (RSI) after reaching oversold levels, and the price remains stable below 1.1340 level, with continuous negative pressure due to its trading below the EMA50, under the domination of a bearish correctional wave on the short -term basis.
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The CADCHF keeps the negativity– Forecast today – 5-5-2025
The CADCHF attempted to recover some losses by its rally correctionally towards 0.6028, taking advantage of stochastic exit from the oversold level, but it couldn’t affect the main bearish channel’s levels that appear in the above image.
The stability of 61.8%Fibonacci correction level near 0.6030 confirms the price confinement within the negative track, which makes us suggest suffering several losses by reaching 0.5915 and breaking this barrier will extend the losses in the medium period towards 0.5785.
The expected trading range for today is between 0.5915 and 0.6020
Trend forecast: Bearish
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