The AUDUSD price attempts to gain bullish momentum -Analysis-02-09-2025
AI Summary
- AUDUSD price declined in last intraday trading due to negative signals from RSI
- Bullish momentum expected to help price recover and rise again
- BestTradingSignal.com offers high-accuracy trading signals for US stocks, crypto, forex, and VIP signals for various markets
The (AUDUSD) price declined in its last intraday trading, amid the emergence of the negative signals from the (RSI), after reaching overbought levels, in attempt to offload this overbought level condition, gathering its bullish strength that might help it to recover and rise again, amid the dominance of bullish correctional wave on the short-term basis and its trading alongside bias line.
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The USDCAD rises, affected by significant support -Analysis-02-09-2025
The (USDCAD) price rose in its last intraday trading, due to the stability of the key support at 1.3745, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside supportive bias for this track, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals from the (RSI), after the price success in offloading its oversold conditions.
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The USDJPY tests a bearish correctional trend line -Analysis-02-09-2025
The (USDJPY) reinforced its gains in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to surpass the resistance of EMA50, testing bearish correctional trend line on the short-term basis, accompanied by the (RSI) reaching overbought levels, which will intensify the negative pressures on the price in the upcoming period.
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The GBPUSD attempts to offload its overbought levels -Analysis-02-09-2025
The (GBPUSD) price declined in its last intraday trading, gathering the gains of its previous rises, and attempts to gain bullish momentum that might help it to recover and rise again, besides offloading its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from them, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the bullish trend on the short-term basis and its trading alongside supportive bias line for this track.
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