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Forecast update for EURUSD -05-08-2025

Economies.com
2025-08-05 11:20AM UTC
AI Summary
  • EURUSD price declined due to stability of key resistance level at 1.1575 and negative signals on RSI
  • Continued negative pressure with trading below EMA50, attempting to gain positive momentum
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The price of (EURUSD) declined in its last intraday trading, due to the stability of the key resistance level at 1.1575, with the emergence of the negative signals on the (RSI), with a continued negative pressure due to its trading below EMA50, to attempt to gain positive momentum that might assist it to get rid of the negative pressure. This scenario is supported by the (RSI) reach to oversold levels, which suggest ending the attempts to gain this positive momentum soon.

 

 

 

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The GBPCHF fluctuates within the bearish channel– Forecast today – 5-8-2025

Economies.com
2025-08-05 05:18AM UTC

The GBPCHF price formed some bullish correctional trading, to approach from the moving average of 55 near 1.0765, taking advantage of providing positive momentum by stochastic, to retest an important barrier again.

 

The main stability within the bearish channel’s levels, which forms an extension for the main resistance at 1.0810 level besides forming an extra barrier at 1.0775 level, these factors make us wait for gathering the negative momentum, which allows it to renew the negative attempts that might target 1.0710 and 1.0660.

 

The expected trading range for today is between 1.0770 and 1.0710

 

Trend forecast: Bearish

Natural gas price begins to decline– Forecast today – 5-8-2025

Economies.com
2025-08-05 05:18AM UTC

Natural gas price activated with the negativity of the main indicators to break the neckline of the head and shoulders pattern at $3.050, to open the way for activating the suggested bearish track by its fluctuation near $2.950.

 

The continuation of providing negative momentum by the main indicators will reinforce the chances of confirming breaking the previously mentioned neckline, which makes us prefer targeting several negative stations that might begin at $2.710 reaching extra support at $2.390.

 

The expected trading range for today is between $2.710 and $3.050

 

Trend forecast: Bearish

 

The EURJPY is under strong bearish pressure– Forecast today – 5-8-2025

Economies.com
2025-08-05 06:15AM UTC

The EURJPY pair was under strong bearish pressure that comes from stochastic reach to 20 level, which forces it to decline below the extra support at 170.45, announcing its surrender to the bearish correctional scenario, beginning to gather the gains by its stability near 170.00.

 

The continuation of the negative pressure will force it to suffer more of the losses, to expect forming initial negative target at 169.35 level reaching 168.45.

 

The expected trading range for today is between 168.45 and 170.70

 

Trend forecast: Bearish