Forecast update for silver-29-04-2025
silver price witnessed a sharp rise on its intraday levels, after leaning on the support of the EMA50, accompanied by testing a bullish bias line on the short-term basis, providing positive momentum that helped it to rally higher, on the other hand there are negative overlapping signals appearing on the (RSI), after reaching overbought levels, which might decelerate the intraday rise.
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Forecast update for gold -29-04-2025
The gold price declined on its intraday levels, after hitting the resistance of its EMA50, attempting to gain positive momentum that might assist it to surpass this negative pressure, at the same time, it attempts to offload some of the clear overbought conditions on the (RSI), especially, with the beginning of the negative signals appearance, accompanied with the dominance of the bullish trend on the short-term basis and its trading alongside trend line.
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Forecast update for EURUSD -29-04-2025
The EURUSD price declined in its last intraday trading, affected by the stability of the resistance at 1.1420, attempting to gain positive momentum that might assist it to breach this resistance, besides its attempt to surpass the negative pressure of the EMA50.
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The CADJPY settles within the bearish track – Forecast today – 29-4-2025
The CADJPY formed a main bearish channel in the last period trading, to notice the stability of the moving average 55 near the resistance at 105.20, to increase the efficiency of the negative attack, to settle near 102.80.
By the above image, we notice the trading stability below 61.8%Fibonacci correction level at 103.45, to form an extra barrier against the negative trading, to begin preferring targeting new negative stations by the price decline towards 102.10 and 101.35.
The expected trading range for today is between 102.10 and 103.10
Trend forecast: Bearish
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