Economies.com
2025-02-06 04:10AM UTC
Silver price attempts to resume the bullish trend, and it needs to get rid of the negative momentum and get positive motive that assist to push the price to achieve our second waited target at 32.86$.
Until now, we continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 31.63$, as breaking this level represents the key to turn to decline and start bearish wave that its first main target located at 30.63$.
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Gold price keeps rising – Forecast today – 06-02-2025
Economies.com
2025-02-06 04:09AM UTC
Gold price is testing the intraday bullish channel’s support line that appears on the chart, waiting to lean on this support to resume the main bullish wave, which targets 2900.00$ as a next station, noting that breaching this level will push the price to achieve additional gains and record more historical levels.
Holding above 2840.00$ is important to the continuation of the expected rise, as breaking it might force the price to decline and test the key support areas around 2790.00$ before any new attempt to rise.
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The USDCAD price faces solid support – Forecast today – 06-02-2025
Economies.com
2025-02-06 04:09AM UTC
The USDCAD price managed to touch our waited target at 1.4268$ and found solid support there, to show some slight bullish bias, affected by stochastic positivity, noticing that the indicator is losing its positive momentum gradually, waiting to provide negative motive that push the price to break the mentioned level and open the way to achieve more bearish correction in the upcoming period, reminding you that the next target reaches 1.4106$.
The negative pressure formed by the EMA50 supports the suggested bearish wave, taking into consideration that the consolidation of 1.4268$ level against the negative attempts will push the price to achieve intraday gains and test the key resistance 1.4470$ before any new attempt to decline.
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The USDJPY price hits the new target – Forecast today – 06-02-2025
Economies.com
2025-02-06 04:09AM UTC
The USDJPY price succeeded to touch our waited target at 152.55, and begins today with new decline to break this level and open the way to achieve more bearish correction, on its way to visit 151.05 as a next negative target.
Therefore, we expect the continuation of the bearish bias on the intraday and short-term basis, affected by the completion of the double top pattern that its signs appear on the chart, noting that breaching 152.55 will push the price to test the key resistance formed at 153.75 before any new attempt to decline.
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