Evening update for Bitcoin – 29-10-2026

Crude oil prices extended their consecutive losses in recent intraday trading, breaking below a main short-term bullish trend line, signaling a potential reversal of the bullish trend. This comes amid continued negative signals from the relative strength indicators, despite reaching deeply oversold territory. Prices are currently relying on their last opportunity to gain positive momentum that could support a recovery, namely the support provided by EMA50.

Gold declined in recent intraday trading, weighed down by continued negative pressure as prices remain below EMA50. The main short-termbearish trend remains dominant, with prices moving alongside a trend line that reinforces this bearish trajectory. In addition, the relative strength indicators continue to generate negative signals, warning of further declines in the near term.

The EURUSD pair rose in its latest intraday trading, supported by the key support level at 1.1115. Holding above this support has provided the pair with positive momentum, helping it achieve these gains, accompanied by positive signals despite reaching overbought territory.