Platinum price approaches from the target– Forecast today – 16-4-2025
Platinum price succeeded to resume the bullish attempts by attacking the moving average 55, to approach from the positive target at $966.00, the continuation of the positive pressures by stochastic reach to the overbought level will increase the chances for forming new bullish waves, to attempt to settle again within the bullish channel’s levels, to increase the chances for recording extra gains that might extend to $981.00 and $994.00.
The price failure to enter the bullish channel’s levels will confirm its surrender to the sideways bias domination, noting that there is a chance for forming temporary negative rebound to target $945.00 and $930.00.
The expected trading range for today is between $950 and $981.00
Trend forecast: Bullish
Copper price keeps the positive stability– Forecast today – 16-4-2025
Copper price surrendered to the sideways bias domination by its repeated fluctuation between 38.2% Fibonacci correction level, which represents extra support at $4.5000, while 50%Fibonacci correction level at $4.6600 represents an extra barrier against the attempt of resuming the bullish attack.
Noticing the stability of the moving average 55 above the current extra support, to reinforce the chances for renewing the bullish attempts, and surpassing $4.6600 level is important for opening the way for achieving extra gains that might extend towards $4.7500 and $4.8200.
The expected trading range for today is between 3.7500 and 4.0500
Trend forecast: Bullish
EURUSD price begins to recover – Analysis – 16-04-2025
The price of the EURUSD rose in its last intraday trading, after it declined in its previous trading in order to look for a rising bottom to take it as a abase that might help it to gain positive momentum to recover, this decline makes it begin forming positive divergence in the (RSI), after reaching oversold levels, exaggerated compared with the price move, with the beginning of Positive signals appear, which adds more positive momentum on the upcoming trading.
GBPUSD price soars high – Analysis – 16-04-2025
The price of the GBPUSD rose in its recent intraday trading, after it succeeded to gain positive momentum by offloading some of the overbought conditions that appeared on the (RSI), now, we witness the beginning of positive overlapping signals, within the stability of the trading above 1.3200 level, supported by strong bullish wave on the short- term basis.