The (AUDUSD) price rose in its last intraday trading, affected by it leaning on the support of EMA50, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline, besides the emergence of the positive signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, to indicate the beginning of forming positive divergence to reinforce the recovery chances on the near-term basis.
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The (USDCAD) price settled at a sharp rise in its last intraday trading, attacking 1.3980 resistance, accompanied by reaching the resistance of EMA50, in attempt to surpass the negative pressure and the price attempts to attack the bearish corrective trendline on the short-term basis, however the price stopped to gather the gains of its previous rises, and to gather its positive strength that might help it rise again, besides the attempt of offloading its overbought conditions on the relative strength indicators, with the emergence of the negative signals.
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The (USDJPY) declined in its last intraday trading, after reaching 154.30 resistance, which represents our expected target in our previous analysis, which stopped the rise, taking temporary truce to catch its breath and gather gains, besides its attempt to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, to gather its positive strength that might help it to breach this resistance, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline.
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The (GBPUSD) price settles downside during its last intraday trading, amid the dominance of the main bearish trend on the short-term basis with its trading alongside trendline that confirms the extension of this negative track, accompanied by the continuation of the technical pressure due to its trading below EMA50, reducing the possibilities of sustainable recovery currently.
Noticing the emergence of the negative signals on the relative strength indicators, which supports the negative overview and increases the possibilities for extending the range of the losses on the near-term basis, unless the price success in recovering main resistance levels that return the bullish momentum again.
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