GBPUSD suffers from negative pressure -Analysis-01-05-2025
The GBPUSD declined in its recent intraday trading, with the emergence of the negative signals on the (RSI), which caused the loss of the previous positive momentum, and that led it to break a minor bullish bias line that represents a dynamic support for the price of recent trading.
The pressure increased with surpassing the support of EMA50, which is considered as an extra confirmation for the weakness of the previous bullish trend, and the price move to a clear correctional station that threatens for more downside moves, especially after losing technical support that might limit the negative momentum.
Therefore, our expectations suggest more of the downside movement for the GBPUSD price in its upcoming intraday trading, if the price settles below 1.3345, to target the critical support at 1.3230.
The expected trading range is between 1.3270 support and 1.3365 resistance.
Today’s forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
USDJPY rises modestly -Analysis-01-05-2025
The USDJPY price rose in its recent intraday trading, amid the domination of the bullish correctional trend on the short- term basis and its trading alongside bias line, which shows the strength of this wave until this moment, with the continuation of the positive pressure due to its trading above EMA50, adding more of the positive momentum on the current bullish trend, on the other hand, we notice the beginning of the negative signals emergence of the (RSI), after entering overbought levels, which decreased the last gains of the pair.
Therefore, our expectations suggest more of the correctional rise for the USDJPY price in its upcoming intraday trading, if the support level settles at 142.25, to target the critical resistance at 144.00.
The expected trading range is between 142.25 support and 144.00 resistance.
Today’s forecast: Bullish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
USDCAD leans on critical support -Analysis-01-05-2025
The USDCAD price settled bearishly in its last trading on the intraday levels, leaning of the critical support at 1.3780, with continuous negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the (RSI), despite reaching oversold areas, therefore, the price moves within a minor bearish channel’s range on the short-term basis.
Therefore, our expectations prefer the decline in the USDCAD price in its upcoming intraday trading, conditioned by breaking the key support level at 1.3780, followed by targeting the next support level at 1.3700.
The expected trading range is between 1.3780 support and 1.3890 resistance.
Today’s forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
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
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.