EUR/USD price settled lower in calm trading in the intraday levels, amid the dominance of the downward correctional trend in the short term, while the price trades within a price channel, with ongoing negative pressure due to trading below the 50-candle SMA, countered with positive signals from the Stochastic after reaching oversold levels, lending the price some transient support which helped it stabilize against these negative pressures.
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GBP/USD price edged lower in latest intraday trading after a session marked with sideways trading, amid ongoing negative pressure due to trading below the 50-candle SMA, while the price is hurt by piercing the main upward trend line in the short term, however, it’s countered by a stream of positive signals from the Stochastic, lending the price some positive momentum, which helped it stabilize against these negative pressures.
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USD/JPY price rose in latest intraday trading after leaning on the support of an upward correctional trend line in the short term, lending the price positive momentum, accompanied by positive signals from the Stochastic, after the price managed to vent off overbought saturation there, thus trying once more to shake off negative pressure from the 50-candle SMA.
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USD/CAD price skidded in latest intraday trading and erased all of this week’s profits so far, while exposed to new negative pressure after trespassing the support of the 50-candle SMA, as the price trades alongside a downward secondary trend line in the short term, with negative signals emerging from the Stochastic despite reaching oversold levels, which could help the price stabilize even temporarily.
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