Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Forecast update for Bitcoin -05-02-2026

Economies.com
2026-02-05 11:33AM UTC

 

BTCUSD price kept declining in its last intraday trading, reaching the main support at $70,000, which represents a target in our previous analysis, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive main and minor trendline for this track, beside the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice positive overlapping signals emergence on the relative strength indicators after reaching oversold levels, which makes us witness some cautious fluctuated moves in the upcoming period.

 

 

Forecast update for crude oil -05-02-2026

Economies.com
2026-02-05 11:29AM UTC

The price of (crude oil) rose in its last intraday trading, supported by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend, especially with its trading alongside supportive trendline for this path, to notice the beginning of positive overlapping signals on relative strength indicators, after offloading overbought levels, opening the way for extending its intraday gains.

 

 

Forecast update for silver -05-02-2026

Economies.com
2026-02-05 11:27AM UTC

The price of (silver) rose carefully to its last intraday levels, attempting to recover some of its previous losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the continuation of the dynamic pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis.

 

 

Forecast update for gold -05-02-2026.

Economies.com
2026-02-05 11:24AM UTC

The price of gold declined in its last intraday trading, after its attempt to offload its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from them by gaining some bullish momentum due to the stability of $4,800, this support was our expected target in our morning analysis, but it surrendered to the negative pressures, amid the dominance of the bearish corrective trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50.