NZDUSD gets rid of its negative pressure-Analysis-02-10-2025
AI Summary
- NZDUSD price saw strong gains in last intraday trading, removing negative pressure of EMA50
- Trading alongside steep trendline, indicating strength of track with positive signals on relative strength indicators
- BestTradingSignal.com offers high-accuracy trading signals for US Stocks, Crypto, Forex, and VIP Signals for various markets
The (NZDUSD) price settled with strong gains in its last intraday trading, getting rid of the negative pressure of the EMA50, under the dominance of bullish corrective wave on the short-term basis, and its trading alongside steep trendline, indicating the strength of this track besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
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The AUDUSD price gathers positive momentum- Analysis-02-10-2025
The (AUDUSD) price declined in its last intraday trading, due to the stability of 0.6625 resistance, attempting to gain bullish momentum to help it to breach this resistance, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trendline for this track, and there is positive pressure due to its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators.
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The USDCAD is getting ready to attack critical resistance- Analysis-02-10-2025
The (USDCAD) price witnessed fluctuated trading in its last intraday levels, due to the stability of the critical resistance at 1.3955, attempting to gain bullish momentum that might help it to breach this resistance, and offloading some of the overbought conditions on the relative strength indicators at the same time, with the emergence of the negative signals from them, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of breaching this resistance, this comes amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline.
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The USDJPY begins to resume its strong losses -Analysis-02-10-2025
The (USDJPY) declined in its last intraday trading, amid the dominance of steep bearish sub-wave on the short-term basis, indicating the strength of the negative momentum, especially with the continuation of its trading below EMA50, besides the price success in offloading its oversold conditions on the relative strength indicators, intensifying the negative pressure and reduce the chances for its recovery on the near-term basis.
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