Bitcoin (BTCUSD) soars high-Analysis-08-05-2025
Bitcoin price extended its gains in its recent intraday trading, taking advantage of the positive momentum of the (RSI), despite entering sharp overbought areas.
This strong performance accompanied by the clear bullish track of the price on the short-term basis and its trading alongside the bullish bias line, besides the dynamic support by its stability above EMA50.
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Crude oil attempts to offload its oversold conditions -Analysis-08-05-2025
The crude oil price jumped high in its recent intraday trading, affected by the stability of the current support level at $57.40, providing some positive momentum that assisted it to achieve intraday gains, in attempt to recover some of its previous losses, attempting at the same time to offload some of its clear oversold conditions on the (RSI), especially with the beginning of the positive signal emergence.
This comes amid the dominance of the main bearish trend and its trading alongside the bias line, with the continuation of the negative pressure that is caused by its continuous trading below its EMA50.
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Gold attempts to recove -Analysis-08-05-2025
The GOLD price jumped high in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, which forms a positive divergence that increases the positive momentum, to settle above the main resistance at $3,400.
This comes amid the dominance of the main bullish trend and its trading alongside the bias line, supported by continuous positive support due to its trading above its EMA50.
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EURUSD suffers from negative pressure -Analysis-08-05-2025
The EURUSD declined in its recent intraday trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels previously, to surpass the support of its EMA50, which increases the negative pressure on its upcoming trading.
The last decline led the price to settle again below 1.1340, which reinforces the negative scenario amid the dominance of the bearish correctional trend on the short-term basis.
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