Silver Price is attacking significant resistance-Analysis-06-08-2025
AI Summary
- Silver price has reached a significant resistance level at $37.90, supported by positive signals on the RSI and breaching a bearish correctional line, indicating a stable positive scenario.
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The (silver) price settled with sharp gains in its last intraday trading, reaching the current resistance level at $37.90, taking advantage of surpassing the negative pressure of the EMA50, supported by the emergence of the positive signals on the (RSI), despite reaching overbought level, amid the price affection by breaching bearish correctional line on the short-term basis, reinforcing the stability of the positive scenario.
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The USDCHF is getting support-Analysis-06-08-2025
The (USDCHF) price rose slightly in its last intraday trading, due to its lean on minor bullish correctional trend line on the short-term basis, accompanied by its lean on the support of its EMA50, providing positive momentum that assisted it to achieve these gains, especially with the (RSI) reach to oversold levels, reinforcing the chances for the recovery on the near-term basis.
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NZDUSD is breaching a minor bearish bias -Analysis-06-08-2025
The (NZDUSD) price rose in its last intraday trading, supported by the positive signals on the (RSI), after reaching oversold levels, to breach a minor bearish trend line on the short-term basis, as a signal for reinforcing these gains in the near basis, on the other hand, the price remains suffering from the dynamic resistance that is represented by its trading below EMA50, which obstacles the recovery attempts.
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The AUDUSD attempts to get rid of its negative pressure -Analysis-06-08-2025
The (AUDUSD) price rose in its last trading on the intraday levels, amid its affection by breaching a bearish correctional trend line on the short-term basis, supported by the emergence of the positive signals on the (RSI), preparing to attack the critical resistance level at 0.6490,on the other hand, the pair remains under negative pressure that comes from its trading below EMA50, which puts a pressure on the recovery attempts on the near-term basis.
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