The (AUDUSD) price witnessed strong gains in its last intraday trading, supported by the emergence of the negative signals on the relative strength indicators, after reaching oversold levels, to offload this oversold conditions and attempt to recover some previous losses, amid the continuation of the negative pressure that comes from its trading alongside minor bearish trendline that intensifies the negative pressure on the price.
The (USDCAD) price witnessed fluctuated trading on its last intraday trading , amid the emergence of the negative signals on the relative strength indicators after reaching overbought levels, attempting to gain bullish momentum that may help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the dominance of the main bullish trend with its trading alongside minor trend line on the short-term basis.
The (USDJPY) rose in its last intraday trading, after a bearish journey to look for rising low to help it gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of its recovery on the near-term basis, especially with its move alongside main bullish trend on the short-term basis, besides the beginning of positive divergence on the relative strength indicators, after reaching exaggerated oversold levels, with the emergence of the positive signals, to indicate entering a renewed bullish momentum.
The (GBPUSD) price declined in its last intraday trading, after retesting the key resistance at 1.3095, affected by negative technical formation on the short-term basis that is represented by the rising wedge pattern, besides the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the dominance of the main bearish trend on the short-term basis with its trading alongside trend line.
Accompanied by the relative strength indicators reaching exaggerated overbought levels compared to the price move, which suggests forming negative divergence, which intensifies the negative pressures around it.