AUDUSD suffers negative pressures -Analysis-24-04-2025
The AUDUSD price declined in its last intraday trading, affected by the stability of the critical resistance at 0.6390 level, which forms a barrier against the rise attempts, which makes the price decline surpassing the support of the EMA50, increasing the negative pressure on its moves.
This decline came amid the emergence of the negative signals on the (RSI), reinforcing the formation of negative technical formation, which is the double top pattern, approaching from the neckline of the technical pattern at 0.6350 support level.
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NZDUSD is running out of its positive chances -Analysis-24-04-2025
The NZDUSD settled bearishly in its last intraday trading, and there are negative signals come from the (RSI), which makes the price look for a rising low to take it as a base that might assist it to gain the required positive momentum for its recovery, amid the dominance of the main bullish trend on the short term basis, to reach in its last decline to lean on the support of EMA50.
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USDCHF catches its breath -Analysis-24-04-2025
The USDCHF recorded a slight rise in its last intraday trading, to gather the gains of its last rises, attempting to offload its clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signals, which makes the price gather its positive strength that might help it to recover and rise again.
This comes amid the price affection by breaching a minor bearish bias on the short- term basis, supported by its continuous trading above the EMA50.
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Gold settles again above $3,300 -Analysis-24-04-2025
Gold jumped strongly in its last intraday trading, getting advantage from the critical support stability at $3,290, accompanied by supporting the EMA50, which provided double support that reinforced its bullish rebound.
This rise came supported by the formation of positive divergence on the (RSI), after reaching extreme oversold levels, which shows a gap between the price movement and the indicators, confirming gold readiness to resume the dominant bullish trend on the short-term basis.
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