Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

EURUSD Price declines, affected by solid resistance - Analysis-12-05-2026

Economies.com
2026-05-12 01:20AM UTC

 

EURUSD declined in its latest intraday trading, due to the stability of the key and stubborn resistance at 1.1790, to attempt to gain bullish momentum that might help it to breach this resistance, and attempts to offload some of its clear overbought conditions on the relative strength indicators, with the emergence of negative overlapping signals.

 

this comes amid the dominance of the main bullish trend on the short-term basis, with the continuation of the positive pressure due to its trading above EMA50, which represents dynamic support base that reinforces the chances of a recovery and a rise.

 

 

Evening update for Bitcoin -11-05-2026

Economies.com
2026-05-11 16:18PM UTC

Bitcoin (BTCUSD) rose in its last intraday trading, approaching the key stubborn resistance at $82,000, supported by its continued trading above EMA50, which reinforces the main bullish trend on the short-term basis, with the beginning of positive overlapping signals emergence on the relative strength indicators, after reaching severe oversold levels compared to the price move, as a strong signal for a new bullish momentum that might push it to target new resistance levels on the near-term basis.

Evening update for crude oil -11-05-2026

Economies.com
2026-05-11 16:16PM UTC

Crude oil prices rose in its recent intraday trading, attempting to recover some of its early losses for today, amid the continuation of the negative pressure that comes from its trading below EMA50, which threatens any recovery attempts in the near upcoming period, especially with the emergence of negative signals from the relative strength indicators, after reaching overbought levels.

 

 

 

Evening update for gold-11-05-2026

Economies.com
2026-05-11 16:13PM UTC

Gold surged higher in its recent intraday trading, to settle again above $4,700 resistance, as a key positive signal that reinforces the chances of extending its gains in the upcoming near period, especially with the continuation of the dynamic support that is represented by its trading above EMA50, with the formation of positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from there.