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Forecast update for Brent crude oil-02-05-2025

Economies.com
2025-05-02 10:18AM UTC

Brent crude oil declined on its recent intraday levels, with the beginning of forming negative divergence on the (RSI) and the beginning of negative overlapping signals appearance, amid the domination of the bearish trend and its trading alongside bias line on the short-term basis, with the continuation of the negative pressure due to its trading below the EMA50.

 

Forecast update for Ethereum-02-05-2025

Economies.com
2025-05-02 10:04AM UTC

Ethereum price (ETHUSD) declined  on the intraday levels, attempting to gains positive momentum that might assist the price to recover and rise again, to succeed in offloading its overbought conditions on the (RSI), amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line, with the continuation of the dynamic support by its trading above the EMA50.

Forecast update for Bitcoin-02-05-2025

Economies.com
2025-05-02 10:11AM UTC

Bitcoin price settled on the upside on its recent intraday levels, attempting to gain positive momentum that might assist the price to breach the current resistance of $97,400, and attempts to offload its clear overbought conditions on the (RSI), with the continuation of its trading above EMA50, and under the domination of the main trend on the short-term basis.

 

The CADCHF resumes the rise– Forecast today – 2-5-2025

Economies.com
2025-05-02 07:57AM UTC

The CADCHF succeeded in activating the bullish track again by surpassing 61.8%Fibonacci correction level at 174.45, to notice recording clear gains by reaching 175.72.

 

The continuation of forming extra support and providing positive momentum by the main indicators, which will increase the chances for recording new gains, to expect reaching 176.10, and surpassing this barrier will make the price succeed to press on %78.1Fibonacci correction level at  176.85.

 

The expected trading range for today is between 174.90 and 176.10

 

Trend forecast: Bullish

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $68.45 (2025-07-16 17:14PM UTC)