Evening update for Bitcoin – 03-11-2026

Crude oil extended its decline during its latest intraday trading, reaching the $94.35 support level, which was the last price target in our previous analyses. This comes amid the dominance of a steep short-term bearish corrective wave, with continued negative pressure from trading below EMA50. In addition, a bearish crossover is beginning to emerge on the relative strength indicators after the price managed to ease its oversold conditions, opening the door for further losses in the near term.

Gold rose in its latest intraday trading, supported by the resilience of the $3,900 support level, which provided positive momentum and helped the price achieve these gains. We also note the emergence of a bullish crossover on the relative strength indicators after easing the overbought conditions. This could increase the chances of extending these gains cautiously in the near term.

The EURUSD pair has been fluctuating within a sideways range during its recent intraday trading, while continuing to hold above EMA50’s support, keeping the chances of further gains intact, particularly with a bullish divergence beginning to emerge on the relative strength indicators after they reached excessively oversold levels relative to the pair's price movements. Positive signals are also starting to emerge from these indicators, confirming the dominance of a short-term bullish corrective wave.