Bitcoin (BTCUSD) breaks bullish trend -Analysis-05-05-2025
Bitcoin (BTCUSD) price declined sharply in its recent intraday trading, breaking the main bullish trend line on the short-term basis, indicating the weakness on the upside momentum and a potential change on the upcoming movement, this decline accompanied by breaking the support of the EMA50, increasing the negativity on the technical scene, reinforcing the possibilities for the continuation of the selling pressure.
Besides the emergence of the negative signals from the (RSI), despite its stability in oversold levels, which signals that the decline might be extended.
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crude oil slides down -Analysis-05-05-2025
The crude oil price declined clearly in its recent intraday trading, breaking the key resistance at $56.45, confirming the strength of the dominant bearish trend on the short-term basis, which leads the price to move alongside the bias line.
This decline came with the continuation of the negative pressure of its trading below EMA50, which increasing the selling pressure, as the (RSI) indicators reinforce this negative scenario, with the continuation of the negative signals from them, which supports the continuation of the decline in the upcoming sessions.
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Gold rises amid the negative pressures -Analysis-05-05-2025
The Gold price rose in its recent intraday trading, attempting to shrink its losses by its move in a bearish correctional wave, which remains dominating its move alongside a bearish bias on the short-term basis.
Thus rise comes despite the continuation of the negative pressures that were caused by the stability of the price below its EMA50, which indicates the weakness of the positive momentum and the (RSI) indicators keep sending negative signals, and that decreases the ability of resuming the rise stably, to retest the key resistance of 3,265, which represents an obstacle against any extra extension to the upside, unless breaching it.
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EURUSD retests a key resistance -Analysis-05-05-2025
The EURUSD rose in its recent intraday trading, retesting the resistance at 1.1340, affected by the formation of a negative technical formation on the short term basis represented by the head and shoulder pattern, with the continuation of the negative pressure due to its trading below EMA50, besides the negative signals on the (RSI), after reaching overbought levels, reinforcing the possibilities of rebounding and resuming the bearish wave.
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