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Evening Bitcoin Price Forecast Update – 21-03-2025

Economies.com
2025-03-21 19:46PM UTC

Bitcoin (BTCUSD) experienced fluctuating intraday trading in continuous attempts to find an upward base that provides the necessary positive momentum for recovery. In these attempts, it relied on a strong support wall, namely its 50-period simple moving average, which contributed to the formation of positive candles indicating an imminent recovery. This scenario is further reinforced by the emergence of positive signals from the Relative Strength Index after it reached extremely oversold levels, along with the price trading along an ascending corrective trendline.

 

Our outlook remains positive for a rise in Bitcoin's price in the upcoming intraday sessions, provided that the support level at $82,000 holds, so as to target the main resistance level at $90,000.

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Evening EUR/USD Price Forecast Update – 21-03-2025

Economies.com
2025-03-21 19:44PM UTC

The EUR/USD pair stabilized lower during its intraday trading, relying on the key support level at 1.0820. This level represents the neckline of a double top pattern formed on the short term, influenced by bearish pressure as the pair trades below its 50-day simple moving average, and by breaking a short-term ascending trendline.

 

Accordingly, our forecast indicates a decline for the EUR/USD, especially if it breaks below the 1.0820 support, then immediately targeting the first support level at 1.0765.

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Evening Crude Oil Price Forecast Update – 21-03-2025

Economies.com
2025-03-21 19:42PM UTC

Crude Oil advanced during its intraday trading, successfully stabilizing above the stubborn and key resistance level of $68.00 amid the morning attempts by the price to break through it. The recent upward move came after it managed to offload some of its bullish exhaustion, which was evident in the Relative Strength Index, amid the dominance of the ascending corrective trend and trading along a trendline.

 

Our expectations indicate that Crude Oil's price will rise in its upcoming sessions, especially as it remains stable above the $68.00 level, targeting the resistance at $70.00.

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Evening Gold Price Forecast Update – 21-03-2025

Economies.com
2025-03-21 19:41PM UTC

Gold prices (GOLD) are stabilizing lower during recent intraday trading, after breaking an ascending short-term trendline, which prompted them to test the key psychological and primary support level at $3,000. This led to an increase in positive momentum, and we see the price retracing some of its early losses, especially as it approaches the support provided by its 50-day simple moving average, with a positive crossover in the Relative Strength Index emerging after reaching oversold levels.

 

Based on the above, we expect gold’s price to resume its upward movement in upcoming intraday sessions, provided that the support at $3,000 holds, so that it can once again target its most recent resistance at $3,057.

 

 

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