Economies.com
2025-01-31 04:05AM UTC
Silver price managed to touch 31.63$ level to find solid resistance there, as it showed temporary bearish rebound affected by stochastic negativity, waiting to get positive motive that assist to push the price to breach this level and continue the rise within the bullish channel that appears on the chart, noting that the next targets extend to 32.86$.
The positive support provided by the EMA50 reinforces the expectations of continuing the bearish trend, reminding you that it is important to hold above 30.63$ to continue the suggested rise.
The expected trading range for today is between 31.00$ support and 31.95$ resistance.
Trend forecast: Bullish
Gold price records new historical highs – Forecast today – 31-01-2025
Economies.com
2025-01-31 04:05AM UTC
Gold price surpassed 2790.00$ level to record new historical levels, and begins to test 2800.00$ barrier now, waiting to breach this level to head towards the bullish channel’s resistance line at 2808.20$, noting that breaching this level will extend the bullish wave to reach 2850.00$ areas on the near-term basis.
Stochastic current negativity might cause temporary sideways fluctuation before resuming the bullish wave, noting that breaking 2790.00$ will put the price under negative pressure on the intraday basis and might head to visit 2756.30$ areas before any new positive attempt.
The expected trading range for today is between 2780.00$ support and 2820.00$ resistance.
Trend forecast: Bullish
The USDCAD price achieves strong gains – Forecast today – 31-01-2025
Economies.com
2025-01-31 04:05AM UTC
The USDCAD price rallied upwards strongly yesterday, as it breached 1.4467$ and reached 1.4595$ areas, to return to the bullish channel and head towards achieving more positive targets in the upcoming period, noting that the next main station reaches 1.4700$.
Therefore, the bullish trend will be suggested for today, noting that breaking 1.4450$ will push the price to decline again and start bearish correction on the intraday basis.
The expected trading range for today is between 1.4420$ support and 1.4560$ resistance
Trend forecast: Bullish
The USDJPY price touches the first target – Forecast today – 31-01-2025
Economies.com
2025-01-31 04:04AM UTC
The USDJPY price managed to achieve our waited target at 153.75 and settles there, which represents 50% Fibonacci correction level for the rise from 148.64 to 158.87, which means that breaking this level will extend the correctional bearish wave to reach 152.55 direct.
The EMA50 forms continuous negative pressure against the price to support the chances of continuing the bearish trend in the upcoming period, reminding you that the continuation of the bearish wave requires holding below 154.96.
The expected trading range for today is between 153.40 support and 154.90 resistance
Trend forecast: Bearish