Evening update for Bitcoin -29-07-2026

Crude Oil price extended its gains strongly in its last intraday trading, reaching EMA50’s resistance, threatening these gains and make the price vulnerable for negative rebound, especially with the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, amid the dominance of minor bearish wave on the short-term basis.

Gold settles in its recent intraday trading, breaking the psychological support level of $4,000, amid the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of full recovery in the near upcoming period, especially with the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses.

EURUSD price declined in its last intraday trading, after forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price action, with the emergence of the negative signals from them, amid the dominance of the main bearish trend on the short-term basis with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the pair.