AUDUSD gathers bullish momentum – Analysis – 18-04-2025
The (AUDUSD) settled slightly lower in its recent intraday trading, due to the stubborn critical resistance level at 0.6390. This mild decline made the price attempts to gain positive momentum that might help it to breach that resistance. At the same time, the pair is working to ease the overbought signals that appear on the Relative Strength Index (RSI), with early signs of a bearish overlapping starting to form.
These movements come with the dominance of a strong bullish wave, supported by continued trading above EMA50.
USDCAD attempts to offload its oversold conditions – Analysis – 18-04-2025
The USDCAD price rose slightly in its recent intraday trading, to attempt to recover some of its previous losses, and it attempts to offload some of its clear oversold conditions on the (RSI), especially with the appearance of positive overlapping signals.
This comes with the dominance of the main bearish trend and the trading along a minor trend line on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50.
NZDUSD Price Takes a Breather – Analysis – 18-04-2025
The (NZDUSD) declined slightly during its recent intraday trading, as the price took a breather to secure profits from its recent gains. This also seems to be an attempt to ease the clear overbought condition indicated by the Relative Strength Index (RSI), especially with early signs of a bearish overlapping beginning to emerge, which makes the price regain bullish momentum that could help it resume its upside movement.
This comes after breaching the key resistance level of 0.5940 in yesterday’s trading and it remained above it until now, with the full dominance of the main bullish trend on the short-term basis.
USDCHF creates a confusing trading zone – Analysis – 18-04-2025
The price of (USDCHF) continued its sideways movements during its recent intraday trading, holding above the key support level of 0.8130, in an attempt to determine the next trend.
Although the pair is showing noticeable stability, it continues to suffer from the continuous negative pressure due to trading below EMA50, remaining under the control of the main bearish trend and moving along a short-term minor trend line. This is in addition to the negative signals appearance of the Relative Strength Index (RSI), after reaching overbought areas.