Evening update for EURUSD -29-08-2025
AI Summary
- EURUSD rose in last intraday trading, gaining bullish momentum after offloading overbought levels on RSI
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The (EURUSD) rose high in its last intraday trading, after its lean on the support of EMA50, gaining bullish momentum that helped it to recover and achieve these gains, especially after its success in offloading its overbought levels on the (RSI), opening the way for achieving more of the gains, especially with the emergence of the positive signals, amid the dominance of minor bullish wave on the short-term basis.
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Forecast update for Ethereum -29-08-2025
The price of (ETHUSD) declined in its last intraday levels, amid the continuation of the negative pressure that comes from its trading below EMA50, with the emergence of the negative signals on the (RSI), to break the main bullish trend line on the short-term basis, ending the hopes of the recovery on the near-term basis, to intensify the negative pressures, and increasing the chances for targeting new support levels in the upcoming period.
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Forecast update for Bitcoin -29-08-2025
The price of (BTCUSD) deepened its losses in its last intraday trading, amid continuation of the negative pressure that comes from its trading below EMA50, forming a resistance level that prevented the previous recovery attempts, amid the dominance of the main bearish trend on the short-term basis, and its trading alongside a supportive bias line for this negative track, on the other hand, we notice the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, which might reduce the losses temporarily.
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Forecast update for Brent crude oil -29-08-2025
The price of (Brent) rose in its last intraday trading, amid its attempts to breach the current resistance at $67.60, amid the dominance of the bullish correctional trend on the short-term basis, and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability of this positive scenario, despite the emergence of the negative signals on the (RSI), after entering overbought levels, in an attempt to offload some of this overbought condition.
VIP Trading Signals Performance by BestTradingSignal.com (August 18–22, 2025)
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