The GBPUSD approaches from key resistance -Analysis-11-08-2025
AI Summary
- GBPUSD price shows bullish momentum with positive signals on RSI after offloading overbought conditions
- Expectations suggest a rise in intraday trading if resistance at 1.3475 is breached, targeting 1.3585
- Trading range expected between 1.3400 support and 1.3520 resistance
The (GBPUSD) price witnessed fluctuated trading on its last intraday levels, amid the dominance of bullish correctional wave alongside a trend line, indicating the strength and the volume of the bullish momentum of the pair, with the continuation of the positive pressures that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), after offloading the overbought conditions, opening the way for achieving more of the gains on the near-term basis.
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Bitcoin (BTCUSD) breaches its current resistance -Analysis-11-08-2025
The price of Bitcoin (BTCUSD) opened this week with strong gains on its last intraday levels, to breach the current resistance level at $118,00, supported by the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, reinforcing the strength of the positive momentum.
The price is supported by the trading above EMA50, besides the clear bullish signals on the (RSI), despite reaching overbought levels, which might open the way for more upside moves if the price settles above the new support levels.
Therefore, our expectations suggest a rise in (BTCUSD) price in the upcoming intraday trading, if it settles above $118,800, to target the initial resistance levels at $120,700.
The expected trading range is between $118,000 support and $120,700 resistance.
Today’s forecast: Bullish
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Crude oil prices deepen its losses-Analysis-11-08-2025
The (crude oil) price kept declining in its last intraday trading, keeping its sharp bearish track alongside a minor bearish bias line on a short- term basis, and the selling pressures remain valid due to their stability below EMA50, these technical factors indicate the weakness of the bullish momentum and the continuation of the seller’s dominance on the trading.
The (RSI) began sending clear bearish signals, after reaching overbought levels, reinforcing the possibilities of the decline’s continuation in the upcoming period, especially if the price failed to break the near resistance levels.
Therefore, our expectations suggest a decline in (crude oil) prices in their upcoming intraday trading, if the price settles below $63.75, to target the support levels at $62.00.
The expected trading range is between $62.00 support and $64.40 resistance.
Today’s forecast: Bearish
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Gold opens this week with sudden losses -Analysis-11-08-2025
The (Gold) declined in its last intraday trading, by the stability of the main resistance at $3,400, with the negative signals on the (RSI), despite the attempts to gain positive momentum to recover and breach this resistance, amid the dominance of minor bullish wave on the short-term basis, and the positive pressure that comes from its trading above EMA50.
The (RSI) reached oversold levels, suggesting a potential bullish rebound on a near-term basis, this contradiction between the current selling pressures and the potential positive technical indicators makes $3,400 resistance represents a key level for detecting the next trend for the precious metal.
Therefore, we suggest a rise in (Gold) price in its upcoming intraday trading, by the stability of $3,360 support, to target $3,400resistance, preparing to attack it.
The expected trading range is between $3,350 support and $3,420resistance.
Today's forecast: Bullish
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