AUDUSD returns its positive momentum -Analysis-01-05-2025
The AUDUSD price rose in its last trading on the intraday levels, taking advantage of the positive support that came from its trading above its EMA50, amid the dominance of the main bullish trend on the short-term basis, but the price moves in sideways range in the last period, the emergence of the positive signals on the (RSI) is increasing the positive pressure on the price.
Therefore, our expectations suggest more of the upside moves for the (AUDUSD) price in its upcoming intraday trading, to target the key resistance at 0.6440, this resistance represents a critical point to detect the upcoming trend.
The expected trading range is between 0.6345 support and 0.6450 resistance.
Today’s forecast: Bullish
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NZDUSD retests a key resistance -Analysis-01-05-2025
The NZDUSD price rose in its last trading on the intraday levels, supported by the emergence of the positive signals on the (RSI), to reach in its last rise to retest the key resistance at 0.5940, amid the dominance of the bearish correctional trend on the short term basis and its trading alongside a bias line, with the continuation of the negative pressure that comes from its trading below it EMA50.
Therefore, our expectations suggest the return to the downside in the upcoming intraday trading, especially if the resistance settles at 0.5940, to target the support level at 0.5890.
The expected trading range is between 0.5900 support and 0.5960 resistance.
Today’s forecast: Bearish
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USDCHF breaches a main bearish trend line -Analysis-01-05-2025
The USDCHF price settled on a rise in its last trading on the intraday levels, supported by its continuous trading above the EMA50, which formed a dynamic support for its last moves, especially with the emergence of the positive signals on the (RSI), to succeed in its last rise to breach a main bearish trend line on the short-term basis, which supports the positive scenario.
Therefore, our expectations suggest more of the upside moves in the upcoming intraday trading, conditioned by the stability of the support at 0.8220, to target the key resistance at 0.8335.
The expected trading range is between 0.8220 support and 0.8335 resistance.
Today’s forecast: Bullish
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Silver suffers from negative pressures -Analysis-01-05-2025
Silver price declined in its last trading on the intraday levels, amid the stability of its trading below $32.70, under the domination of a minor bearish wave on the short-term basis, with the continuation of the negative pressure that cause by the trading below EMA50, this decline came after the price success in its previous trading to offload its oversold conditions that appeared clearly on the (RSI), noticing the beginning of negative overlapping signals appearance, which represents a signal for losing the positive momentum quickly.
Therefore, our expectations suggest more of the downside moves in the upcoming intraday trading, conditioned by its stability above $32.70, to target the initial support level at $31.90
The expected trading range is between $31.90 support and $32.70 resistance.
Today’s forecast: Bearish
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