Bitcoin (BTCUSD) declined in its last intraday trading, attempting to look for a rising low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the bullish corrective trend on the short-term, with the trading alongside supportive trend line for this path, besides the continuation of the dynamic support that is represented by its trading above EMA50, noticing that the relative strength indicators reach to oversold levels, exaggeratedly compared to the price move. Forming positive divergence reinforces the chances of price recovery in the upcoming near period.

Ethereum (ETHUSD) declined during recent intraday trading, affected by the stability of the key resistance at $1,800, with the emergence of the negative signals from the relative strength indicators, attempting to gain bullish momentum that might help it to breach this resistance, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, which reinforces the dominance and stability of the bullish corrective trend on the short-term basis, with the trading alongside supportive trend line for this path.

Brent crude oil prices fluctuated in its last intraday trading, attempting to offload its oversold conditions on the relative strength indicators, with the emergence of positive signals from them, attempting to recover some previous losses, amid the dominance of the main bearish trend on the short-term, with its trading below EMA50, representing extra negative pressure.

The GBPCAD pair’s price has recently formed several bullish waves, as we notice it is currently positioned above the main ascending channel support extending toward 1.8745. It is attempting to regain the bullish path by achieving some gains, given its current position near 1.8800.

Repeated stability above the previously mentioned support, along with the main indicators attempting to provide positive momentum, will increase the effectiveness of the bullish path. We expect the price to target the 1.8870 level soon and then pressure the recent high formed near 1.8910.

The expected trading range for today is between 1.8760 and 1.8870.

Trend forecast: Bullish