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USDCHF attempts to correct the bearish trend-Analysis-22-04-2025

Economies.com
2025-04-22 04:35AM UTC

The USDCHF price settled on a rise in its last intraday trading, supported by the positive signals that appear on the (RSI) after reaching oversold levels previously, to attempt to offload some of this oversold condition and correct the main bearish trend, amid its trading alongside sharp bearish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, to retest the critical resistance at 0.8130, to rebound then depending on the stability of this level.

Gold keeps breaking its historical records -Analysis-22-04-2025

Economies.com
2025-04-22 04:26AM UTC

Gold continues to gather its strong gains in its recent intraday trading, after it managed to breach the critical resistance at $3,445, as a clear signal for the continuation of the dominant positive momentum, this rise came with gold price trading alongside the sharp minor bullish trendline on the short term- basis, reinforcing the trust of the investors for the continuation of the bullish track.

 

Despite the continuation of the rises, but the gold managed to offload the overbought conditions on the (RSI), which allow the price to keep its momentum without bearish correction moves.

Silver price declines affected by stubborn resistance -Analysis-22-04-2025

Economies.com
2025-04-22 04:10AM UTC

Silver price declined in its recent intraday trading, due to the stability of the stubborn key resistance at $32.90, to attempt to gain positive momentum that might support it to breach this resistance, amid the dominance of the bullish correctional trend on the short term basis, and its trading alongside a trendline, with the continuation of the positive pressure due to its trading above EMA50, besides the relative strength indicators(RSI) reach to exaggerated oversold levels compared to the price move.

Crude oil is surrounded by positive pressures -Analysis-22-04-2025

Economies.com
2025-04-22 03:59AM UTC

Crude oil settled on upside levels in its recent intraday trading, after a successful retest to the key support at $61,50, forming a new bullish bottom as a base for a new rise, this positive performance is supported by reinforcing signals from the (RSI), besides the continuation of the buying pressure that is caused by its trading above EMA50. The price get advantages from the effect of the previously formed inverted head and shoulders on the short-term basis, which strengthens the technical scenario.