Silver Price attacks stubborn resistance-Analysis-28-08-2025
AI Summary
- Silver price rose in trading, reaching overbought levels which may reduce upcoming gains, attacking stubborn resistance at $38.70
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The (silver) price rose in its last trading on its intraday levels, taking advantage of the dynamic support that is represented by its trading above EMA50, with the emergence of the positive signals on the (RSI), despite reaching overbought levels, which might reduce the upcoming gains, attacking the critical stubborn resistance level at $38.70, depending in the dominance of the bullish trend and its trading alongside a minor bias line on the short-term basis.
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The USDCHF breaks significant support-Analysis-28-08-2025
The (USDCHF) price continued its decline in its last intraday trading, to break the key support at 0.8020,intensifying the negative pressure on the pair, especially with its trading below EMA50, and under the dominance of the bearish correctional trend on the short-term basis and its trading alongside a supportive bias line for the bearish trend, on the other hand, we notice the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, which might reduce the losses temporarily.
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NZDUSD struggles to get rid of its negative pressures-Analysis-28-08-2025
The (NZDUSD) price rose in its last trading on its intraday trading, to confirm breaching a minor bearish bias line on the short-term basis, supported by the emergence of the positive signals on the (RSI), gaining more confidence and bullish momentum to surpass the resistance of the EMA50, in a major step to surpass the negative pressures, opening the way for achieving more of the gains on the near-term basis.
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The AUDUSD expands its gains -Analysis-28-08-2025
The (AUDUSD) price rose in its last intraday trading, after breaching the critical resistance previously at 0.6495, amid the dominance of strong bullish wave on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability of this bullish scenario, especially with the emergence of the positive signals on the (RSI).
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