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Evening update for Bitcoin (BTCUSD) -16-07-2025

Economies.com
2025-07-16 18:55PM UTC
AI Summary
  • BTCUSD rose and is aiming to reach resistance at $120,000 due to positive pressure and bullish trend
  • Negative signals on RSI after reaching overbought levels may slow down future price gains

The (BTCUSD) rose in the last intraday levels, preparing to reach the current resistance at $120,000, amid the continuation of the positive pressure due to its trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the upcoming gains of the price.

 

 

 

Evening update for crude oil -16-07-2025

Economies.com
2025-07-16 18:55PM UTC

The (crude oil) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), amid its affection by breaking a main bullish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, preventing the price recovery on the near-term basis.

 

 

 

Evening update for Gold -16-07-2025

Economies.com
2025-07-16 18:55PM UTC

The (Gold) rose in its last intraday trading, due to its lean on the support of its EMA50, providing positive momentum that helped it to achieve these gains, with the emergence of the positive signals on the (RSI), attacking the critical resistance level at $3,365, and under the dominance of the bullish trend and its trading alongside a minor bias line on the short-term basis.

 

 

Evening update for EURUSD -16-07-2025

Economies.com
2025-07-16 18:54PM UTC

The (EURUSD) settled witnessed fluctuated trading in its last intraday levels, where it rallied strongly, supported by the positive signals on the (RSI), after reaching oversold levels to hit the resistance of EMA50, which forces it to bounce lower to shrink some of these gains, amid the dominance of the bearish correctional trend on the short-term basis, and its trading alongside a bias line.