Silver Price is rising steadily-Analysis-07-08-2025
AI Summary
- Silver price rose in last intraday trading, breaching resistance at $37.90, supported by bullish trend and trading above EMA50
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The (silver) price rose in its last intraday trading, breaching its current resistance at $37.90, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive support that comes from its trading above EMA50. This rise came after its success in offloading some of its clear overbought conditions on the (RSI), which allowed the price to achieve more gains on the near-term basis.
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The USDCHF breaks a bullish correctional trend line-Analysis-07-08-2025
The (USDCHF) price declined in its last intraday trading, to break bullish correctional trend line on the short-term basis, putting it under negative pressure that intensified after surpassing the support of EMA50, reinforcing the negative momentum, especially after its success in its last trading in offloading the oversold condition on the (RSI), with the emergence of negative overlapping signals, opening the way for recording more losses.
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NZDUSD is attempting to offload its overbought conditions -Analysis-07-08-2025
The (NZDUSD) price rose in its last intraday trading, attempting to gain a bullish momentum that might help it to recover and rise again, and attempting to offload some of its overbought conditions on the (RSI), amid the dominance of bullish correctional wave on the short-term basis and its affection by breaching a minor bearish trend, and there is a positive pressure due to its trading above EMA50, reinforcing the stability of the positive track on the near-term basis.
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The AUDUSD is amid positive expectations -Analysis-07-08-2025
The (AUDUSD) price settled high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of minor bullish wave on the short-term basis and its trading alongside a bullish bias line, indicating the strength of this track, with the emergence of the positive signals on the (RSI), despite their reach to overbought levels.
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