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GBPUSD price turns green - Analysis- 08-04-2026
(GBPUSD) recorded sharp gains during recent intraday trading, supported by positive signals from the relative strength indicators, despite reaching heavily overbought levels. The pair managed to break above EMA50, getting rid of the negative pressure that prevented its recovery in the previous period.
This led to a strong extension of gains, allowing the pair to break a major short-term downward trendline, which is a strong signal of a trend shift and the potential dominance of a corrective upward movement in the near term.
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Bitcoin (BTCUSD) reaches our target - Analysis-08-04-2026
Bitcoin (BTCUSD) reinforced its gains during recent intraday trading, benefiting from being held above EMA50, which provided strong dynamic support and gave the price clear positive momentum. This momentum pushed the price toward testing the key resistance level at $71,500, which represented a target in previous analysis.
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Crude oil prices declined during recent intraday trading, affected by increasing selling pressure alongside negative signals from the Relative Strength Index after reaching overbought levels. This decline led the price to break below the 50-period simple moving average, causing it to lose its role as a dynamic support and intensifying the surrounding bearish pressure.
MoreSilver price surpasses our target - Analysis- 08-04-2026
Silver surged during its recent intraday trading, achieving notable gains and successfully surpassing the key resistance level at $75.85, which represents preferred target in previous analysis. This strong performance comes amid a short-term corrective bullish wave, with price movements continuing alongside a supportive trendline that reinforces the stability of this positive path.
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