GBPUSD Shows New Positive Signals – Analysis –05-11-2026

Bitcoin (BTCUSD) continues to hold on to its consecutive gains in its latest intraday trading, benefiting from a positive technical pattern that formed earlier over the short term, namely a Double Bottom pattern. This bullish outlook is further supported by the price continuing to trade above EMA50, which provides a dynamic support base and reinforces the chances of resuming its gains in the coming period.

Crude oil extended its sharp losses in its latest intraday trading after breaking below the $91.00 support level, which represented our final price target in previous analysis. The decline subsequently brought the price down to the pivotal support level at $86.50, amid the dominance of a steep short-term bearish wave, alongside continued negative pressure as the price trades below EMA50.

Silver rose in its latest intraday trading, benefiting from a positive technical pattern that formed on the short term, namely a Double Bottom pattern. The price also broke above EMA50’s resistance, eliminating the negative pressure and paving the way for further gains in the near term.