Bitcoin (BTCUSD) is gathering gains -Analysis-09-05-2025
Bitcoin price (BTCUSD) declined slightly in its recent intraday trading, to gather the gains of its strong rise of yesterday’s trading and attempts to offload the clear overbought conditions on the (RSI) indicators, after the emergence of the negative signals from them, to gather its positive strength that might help it to complete the bullish track.
This comes amid the dominance of the main bullish trend on the short-term basis and its trading along side bias line, with its trading above the dynamic support of the EMA50, which represents a pushing power for the positive momentum
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Crude oil gets rid of its negative pressures -Analysis-09-05-2025
Crude oil price rose in its upcoming intraday trading, affected by breaching a main bearish trend line on the short -term basis, supported by its trading above its EAM50, which represents adynamic support fort he upcoming trading, attempting to breach the key resistance level at $59.65 now, to announce the continuation of the bullish correctional trend, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decrease the price’s gains.
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Gold leans on bullish trend line -Analysis-09-05-2025
The gold price rose slightly in its recent intraday trading, after its lean on the support of a bullish trend line on the short-term basis, providing positive momentum, especially with the emergence of positive overlapping signals on the (RSI), after reaching oversold levels.
On the other hand, the precious metal remains stable below $3,300, by negative pressure due to its trading below EMA50, which represents a key threshold against the price attempt to recover.
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EURUSD breaks critical support -Analysis-09-05-2025
The EURUSD settled on a decline in its recent intraday trading, confirming breaking the critical support at 1.1260, reinforcing the continuation of the dominant bearish correctional trend on the short-term basis with the price’s trading alongside the bias line.
The pair is still facing extra technical pressure, with its stability below EMA50, besides the continuation of the negative signals emerging on the (RSI), despite its stability within the oversold levels, which indicates the weakness of the positive momentum.
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