Platinum prices ease the way for a new rise– Forecast today – 4-6-2025
Platinum price ended yesterday’s trading by providing a positive close above $1071.00 level, announcing its move to a new bullish station, achieving some of the gains by its stability near $1083.00.
The continuation of forming extra support at $1056.00 level and the continuation of providing positive momentum by the main indicators make us suggest a strong bullish rally, which presses on the barrier at $110.00 to target new stations that might begin at $1125.00.
The expected trading range for today is between $1075.00 and $1100.00
Trend forecast: Bullish
Copper price renews the positive action– Forecast today – 4-6-2025
Copper price confirmed the stability of the bullish track, forming extra support at $4.6600 level, to form a bullish rally and settles above the barrier at$4.8100 level.
The unionism of the main indicators on providing positive momentum makes us expect to reach the obstacle at $4.8900 and surpassing it will open the way towards recording new gains that might extend to $4.9600 and $5.0300.
The expected trading range for today is between $4.7500 and $4.8900
Trend forecast: Bullish
The GBPUSD is surrounded by positive pressures-Analysis-04-06-2025
The (GBPUSD) price rose in its last intraday trading, taking advantage of its stability above its EMA50, which provided dynamic support that assisted it to achieve its last gains, with the continuation of its trading alongside a minor bullish bias on the short-term basis.
The (RSI) reinforces the bullish trend, after the appearance of clear positive signals due to surpassing oversold levels, showing the improvement of the bullish momentum, and supports the possibility for the continuation of the rise in its upcoming moves.
The USDJPY shows more negative signals -Analysis-04-06-2025
The (USDJPY) price declined in its last intraday trading, affected by the stability of the current resistance at 144.40, amid the domination of the bearish correctional trend on the short-term basis and its trading alongside a bias line.
Noticing the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought levels, exaggeratedly compared to the price move, which suggests the formation of a negative divergence, which might increase the negative pressures.