|
Forecast update for Bitcoin -07-04-2026
Bitcoin (BTCUSD) deepened its losses during its latest intraday trading, as the price attempts to find a higher low to use as a base that may help it gain positive momentum, allowing it to recover and rise again. This comes amid continued dynamic support from trading above its EMA50.
The price was also influenced by breaking out of a short-term downward corrective price channel. In the background, we notice the beginning of a positive crossover in the relative strength indicators, after reaching heavily oversold levels, excessively compared to price movement, suggesting the formation of a positive divergence that supports the recovery scenario.
Thanks for your feedback.
Forecast update for crude oil -07-04-2026
Crude oil (Crude Oil) resumed its upward movement during its latest intraday trading, recovering much of its earlier losses for the day. This comes amid attempts to break the strong resistance level at $105.00, supported by continued trading above EMA50 which reinforces the stability and dominance of the main bullish trend in the short term.
MoreForecast update for silver -07-04-2026
Silver witnessed fluctuating trading within a narrow sideways range in its recent intraday levels, remaining supported by its EMA50, as it continues attempts to gain positive momentum that may help it maintain the prevailing upward trend in the short term.
MoreForecast update for gold -07-04-2026.
Gold rose in its recent intraday trading, drawing momentum from its steady movement along a short-term bullish corrective trendline. This bullish path is further supported by its stability above EMA50, which acts as an effective dynamic support and keeps buying pressure in place.
More