Silver Price is gathering its positive strength-Analysis-08-08-2025
AI Summary
- Silver price experienced a decline in its last trading session, but is expected to gather positive strength to recover and rise again, supported by the main bullish trend and trading above EMA50.
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The (silver) price declined in its last trading on the intraday levels, amid the emergence of the negative signals on the (RSI), in attempt to offload its clear overbought conditions, to gather its positive strength that might help it to recover and rise again, amid the dominance of the main bullish trend and its moves within a minor wave’s range, indicating the dominance of this trend, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the positive momentum around the price.
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The USDCHF shows more of the negative signals-Analysis-08-08-2025
The (USDCHF) price settled on gains in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by breaking a minor bullish trend line on the short-term basis, the emergence of the negative signals on the (RSI) are intensifying the selling pressures, after its success in its previous trading in offloading oversold levels, opening the way for recording more of the losses on the near-term basis.
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NZDUSD is attacking its current resistance -Analysis-08-08-2025
The (NZDUSD) price rose in its last intraday trading, reaching the current resistance of 0.5970, which represents our yesterday’s suggested target, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a supportive bias line for this trend, with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), after offloading its overbought conditions, providing more of the positive momentum.
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The AUDUSD is rising steadily -Analysis-08-08-2025
The (AUDUSD) price rose in its last intraday trading, after its success in offloading its overbought conditions on the (RSI), opening the way for achieving more of the gains, amid the dominance of minor bullish wave on the short-term basis and its trading alongside a supportive bias line for the trend, taking advantage of the dynamic support that is represented by its trading above EMA50.
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