The (AUDUSD) price rose in its last intraday trading, due to its leaning on the support of its EMA50, gaining bullish momentum that helped it to achieve these gains, especially with the emergence of the positive signals on the relative strength indicators, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive trendline.
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The (USDCAD) price declined in its last intraday trading, due to the stability of the critical resistance at 1.3955, with the emergence of negative signals on the relative strength indicators. The price attempts to gain bullish momentum that might help it to recover and breach this resistance, amid the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability of the main bullish trend on a short-term basis.
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The (USDJPY) witnessed sharp gains suddenly in its last intraday trading, where it opened this week trading with a bullish gap to surpass the resistance of its EMA50, getting rid of its negative momentum, announcing its full recovery, preparing to attack the critical resistance at 149.95, amid the dominance of minor bullish wave on the short-term basis, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
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The (GBPUSD) price declines in its last intraday levels, amid the dominance of the main bearish trend and its trading alongside supportive trendline on the short-term basis, leaning on the support of its EMA50, which helped it to settle and bounce higher in attempt to recover some of its early losses, accompanied by the beginning of forming negative divergence of the relative strength indicators, after reaching overbought level, exaggeratedly compared to the price movement, with the emergence of the negative signals from there, indicating the weakness of the positive momentum around the price.
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