Evening update for crude oil -05-05-2025
The crude oil price declined on its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside bias line, with the continuation of the positive pressure due to its trading below EMA50, the price succeeded in offloading its oversold conditions on the (RSI) during its previous trading.
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Evening update for gold -05-05-2025
The gold price declined on its last intraday trading, to gather its early gains and attempts to gain positive momentum that might assist it to recover and rise again, and it attempts to offload some of the clear overbought conditions of the (RSI), especially with the emergence of negative overlapping signals, affected by breaching bearish correctional trend line on the short- term basis.
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Evening update for EURUSD -05-05-2025
The EURUSD declined on its last intraday trading, surrendering to the negative pressures after reaching the resistance of its EMA50, with the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought areas exaggeratedly compared to the price move, which indicates the beginning of forming negative divergence, the price is moving within a bearish correctional wave on the short-term basis
Therefore, our expectations suggest more of the downside moves in their upcoming intraday trading, if it settles below 1.1340, to target the support level at 1.1260.
The expected trading range for today is between 1.1260 support and 1.1380 resistance.
Today’s forecast: Bearish
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Dogecoin price receives some support - Forecast today - 05-05-2025
Dogecoin’s currency price edged higher in latest intraday trading after leaning on the support of the 50-day SMA, lending the price some positive momentum, amid the dominance of the upward correctional wave in the short term, while the Stochastic reached oversold levels compared to the price’s movements, bolstering gains.
Therefore we expect more losses for the price, targeting the resistance of $0.21, provided the support of $0.17 holds on.
Today’s price forecast: Bullish
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