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Evening update for Bitcoin -05-08-2026
Bitcoin rose during the latest intraday trading session, to confirm surpassing the bearish corrective price channel that had constrained its short-term price action, supported by its trading above EMA50, which provides dynamic support and strengthens the prospects for extending its gains in the near term, despite the emergence of negative signals from the relative strength indicators, which has reached heavily overbought territory. However, these signals have not affected the price action, indicating that bullish momentum remains strong.
Evening update for crude oil -05-08-2026
Crude Oil prices declined during the latest intraday trading session after the market managed to ease its oversold conditions on the relative strength indicators. This has renewed downside pressure, allowing the bearish corrective trend to regain control. The price also remains under pressure as it continues to trade below EMA50, which acts as a dynamic resistance and limits the chances of a near-term recovery.
MoreEvening update for gold-05-08-2026
Gold extended its strong gains during the latest intraday trading session, successfully breaking above the $4,200 resistance level, which was our final upside target in previous analysis, supported by a short-term bullish corrective trend, while continuing to trade above EMA50.with the continuation of the positive signals from the relative strength indicator, despite reaching overbought levels, besides the big volume of the bullish momentum, which reinforces the chances of extending these gains in the near upcoming period.
MoreEvening update for EURUSD-05-08-2026
The EURUSD pair continued its upward move during the latest intraday trading session, reaching the 1.1555 resistance level, which was our target in previous analysis. The pair continues to benefit from positive support as it trades above EMA50, while a short-term bullish corrective wave remains in control.
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