Evening update for bitcoin -08-05-2025
The bitcoin price continued the rise in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to surpass the resistance of its EMA50, attacking the critical resistance at $59.65, accompanied by its attempt to breach the main bearish trend line on the short-term basis.
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Evening update for gold -08-05-2025
The gold price continued the decline in its last intraday trading, leaning on the main support level at $3,300, accompanied by its lean on the support level of its EMA50, reinforcing the strength of this area as a support against testing it, amid the dominance of the bullish trend on the short-term basis and its trading along side the bias line, besides reaching the (RSI) indicators to oversold levels.
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Evening update for EURUSD -08-05-2025
The EURUSD declined in its last intraday trading, to break the critical support at 1.1260, completing the dominant bearish correctional track on the short-term basis, with the emergence of the negative signals on the (RSI), despite reaching oversold levels.
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Polygon price tests downward correctional trend line - Forecast today - 08-05-2025
Polygon’s currency price (MATICUSDT) rose in latest intraday trading and tested the downward correctional trend line in the short term, while bumping into the resistance of the 50-day SMA, doubling the strength of this area as a pivotal resistance, while the Stochastic reached overbought levels compared to the price’s movements, hinting at negative divergence.
Therefore we expect the price to decline and target the support of $0.22, provided the resistance of $0.24 holds on.
Today’s price forecast: Bearish
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