The AUDUSD is rising steadily -Analysis-08-08-2025
AI Summary
- The AUDUSD price rose in its last intraday trading, with potential for more gains due to offloading overbought conditions and minor bullish wave dominance
- BestTradingSignal.com offers professional trading signals for US stocks, crypto, forex, and VIP signals for various markets
- VIP Trading Signals Performance report for July 28 - August 1, 2025 can be viewed on the website
The (AUDUSD) price rose in its last intraday trading, after its success in offloading its overbought conditions on the (RSI), opening the way for achieving more of the gains, amid the dominance of minor bullish wave on the short-term basis and its trading alongside a supportive bias line for the trend, taking advantage of the dynamic support that is represented by its trading above EMA50.
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The USDCAD is amid negative expectations -Analysis-08-08-2025
The (USDCAD) price settled with fluctuated moves that prefer moving lower on its last intraday levels, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by breaking main bullish trend line previously on the short-term basis, besides the emergence of the negative signals on the (RSI), after its success in offloading its oversold conditions.
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The USDJPY is surrounded by negative pressure -Analysis-08-08-2025
The (USDJPY) price witnessed fluctuated trading in its last intraday levels, amid its affection by breaking a main bullish trend line on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative overlapping signals on the (RSI), after offloading the oversold condition, opening the way for recording more losses on the near-term basis.
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The GBPUSD is testing a bearish trend line -Analysis-08-08-2025
The (GBPUSD) price rose in its last intraday trading, supported by the dominance of correctional wave on the intraday basis, taking advantage of the positive pressure that comes from its trading above EMA50, testing the resistance of a main bearish trend line on the short-term basis, accompanied by reaching overbought levels, indicating that the bullish correctional move is exhausted, suggesting the beginning of negative rebounds that target gaining positive momentum and return the balance for the trading.
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