Evening update for Bitcoin -03-08-2026

The price of crude oil fluctuated in its latest intraday trading, benefiting from the stability of the support level at $78.00 support, gaining bullish momentum that helps it to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals on these indicators, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by breaking bullish trend line on the short-term basis.

The price of gold declined during its latest intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, which represents dynamic resistance that reduces the chances of full recovery in the near upcoming period, reinforcing the stability and dominance of the main bearish trend on the short-term basis, noticing that the relative strength indicators began generating negative signals after offloading the oversold conditions, opening the way for recording more losses.

The EURUSD pair declined in its latest intraday trading, with the emergence of negative signals from the relative strength indicators, after reaching overbought levels, attempting to look for a higher low to use it as a base that might help it gain the required bullish momentum, to recover and rise again amid the continuation of the positive support that comes from its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on the short-term basis.