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GBPUSD shows more positive signals- Analysis-02-10-2025

Economies.com
2025-10-02 02:15AM UTC
AI Summary
  • GBPUSD price showing positive signals for recovery and potential rise, with bullish momentum and support above EMA50
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The (GBPUSD) price witnessed fluctuated trading in its last intraday levels, in attempt to gather the gains of its previous rises, and attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of bullish corrective wave on the short-term basis and its trading alongside a relatively steep trendline, indicating the strength and dominance of this trend, especially with the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis, besides the emergence of the positive overlapping signals on the relative strength indicators, after the price success in offloading its overbought condition, opening the way for achieving more of the gains.

 

 

 

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Bitcoin price breaks key resistance- Analysis-02-10-2025

Economies.com
2025-10-02 02:11AM UTC

Bitcoin price (BTCUSD) surged in its latest intraday trades, successfully breaking through the key resistance level of $117,800, which represented our previous target. This performance came amid the dominance of a powerful short-term bullish wave, supported by continued positive momentum as the price holds above its 50-period simple moving average, reinforcing the strength of the current uptrend.

 

Although the Relative Strength Index has signed overbought conditions, the price managed to absorb this pressure without showing significant weakness, highlighting the strength of prevailing bullish momentum and increasing the likelihood of testing new resistance levels in the upcoming period.

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Crude oil is rising, affected by critical support-Analysis-02-10-2025

Economies.com
2025-10-02 02:07AM UTC

The (crude oil) prices rose in the last intraday trading, affected by the stability of the critical support level at $61.50, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, which pushed the price to attempt to recover its previous losses and offload this oversold condition.

 

On the other hand, the negative pressure remains dominant, due to the trading below EMA50, reducing the chances of recovery on near-term basis, this comes amid the continuation of steep bearish sub- wave on the short-term basis, indicating the strength of the negative momentum.

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Gold price is attempting to gain positive momentum - Analysis-02-10-2025

Economies.com
2025-10-02 02:02AM UTC

The (Gold) price declined in its last trading on the intraday levels, affected by the negative signals that come from the relative strength indicators, after reaching the overbought levels previously, however, it entered exaggerated oversold levels compared to the price movement, to indicate fading a big part of the negative momentum in the last trading.

 

This decline comes amid the continuation of the positive support due to its trading above EMA50, besides the dominance of the main bullish trend on the short-term basis, with the stability of the trading alongside supportive trend line, providing new opportunity to regain its bullish momentum in the upcoming period.

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