USDCHF gets ready to attack key resistance -Analysis-02-05-2025
The USDCHF price rose in its recent intraday trading, supported by its trading alongside bullish correctional trend line on the short-term basis, taking advantage of the positive pressure that comes from its trading above EMA50, to get ready to attack the critical resistance at 0.8335, the price success in offloading some of the clear overbought conditions on the (RSI) reinforces the positive scenario, and provides better chances for the pair to achieve more of the gains.
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Silver retests a key resistance -Analysis-02-05-2025
Silver price rose in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), to retest the key resistance at $32.70, amid the dominance of a minor bearish wave on the short- term basis, with the continuation of the negative pressure by its trading below EMA50, as we notice the (RSI)reach to exaggerated overbought levels compared to the price current move, which indicated a quick lose for the positive momentum.
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Brent crude oil extends its gains -Analysis-02-05-2025
Brent crude oil continued the rise in its recent intraday trading, affected by the stability of the key support at $60.00, gaining positive momentum that assisted it to achieve strong gains, in attempt to correct the main bearish trend on the short-term basis.
Despite this solid performance, the negative pressure by its trading below EMA50 remains valid, besides its trading alongside bearish bias line, accompanied by the (RSI)reach to exaggerated overbought areas compared to the price move, which indicates the beginning of forming a negative divergence there.
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Ethereum (ETHUSD) is surrounded by positive pressures -Analysis-02-05-2025
Ethereum (ETHUSD) price rose in its recent intraday trading, after a quick rebound to collect its gains and gathers its positive strength by offloading its clear overbought conditions on the (RSI), amid the dominance of the bullish correctional trend on the short- term basis and its trading alongside the bias line, with the continuation of the dynamic support by its trading above its EMA50.
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