AUDUSD exhausting its positive chances -Analysis-28-04-2025
The AUDUSD price declined in its recent intraday trading, after it failed to breach the critical stubborn resistance at 0.6390, amid the emergence of the negative signals from the (RSI), which shows the weakness of the current positive momentum.
The price attempts to settle leaning on the support of the EMA50, seeking a chance for gaining new momentum that might support the upside moves, amid the domination of the main bullish trend on a short- term basis
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NZDUSD suffers negative pressure -Analysis-28-04-2025
The NZDUSD declined in its last intraday, to surpass the support of its EMA50, facing negative pressure, especially with its lean on the neckline of under forming technical formation on the short-term basis, , which is the head and shoulders pattern, which will be confirmed by breaking the current support at 0.5940, which increases the negative pressure on the upcoming trading, to complete the dominant bearish correctional wave on the short term-basis.
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USDCHF shows more of the positive signs -Analysis-28-04-2025
The USDCHF price moved higher slightly in its last intraday trading, amid the domination of a bullish correctional wave on the short-term basis, after breaking a main bearish bias, supported by its continuous trading above its EMA50, reinforcing the positive momentum, especially, with the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, exaggeratedly compared to the price move, which suggests forming positive divergence.
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Evening update for Bitcoin -25-04-2025
Bitcoin soars high in its last intraday trading, amid the domination of the main bullish trend and its trading alongside the trendline, besides the return of the positive signals on the (RSI), increasing the positive momentum, especially with its stability above $92,500.
Therefore, if the price settles above this support, our expectations for bitcoin will suggest an upside movement in the upcoming intraday trading, to target the resistance level at $97,400
The expected trading range for today is between $92,500 support and $97,400 resistance.
Today’s forecast: Bullish
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