The (NZDUSD) price declined in its last intraday trading, amid attempts to look for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, leaning on EMA50’s support, reinforcing the chances of the recovery on near-term basis, especially with its trading alongside main bullish trend line on short-term basis, on the other hand, we notice the beginning of negative overlapping signals on relative strength indicators, forming an obstacle against the upside attempts in the upcoming period.
The (AUDUSD) price rose in its last intraday trading, due to its leaning on EMA50’support, gaining bullish momentum that helped it achieve these gains, amid the dominance of the main bullish trend on short-term basis, with its trading alongside minor supportive trend line for this path, besides the emergence of positive signals from relative strength indicators after reaching oversold levels.
The (USDCAD) price declined in its last intraday trading, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure, accompanied by the emergence of negative signals from relative strength indicators after reaching overbought levels.
The (USDJPY) rose in its last intraday trading, attempting to recover some previous losses, and attempts to offload some of its oversold conditions of relative strength indicators, especially with the emergence of positive overlapping signals, amid the dominance of the bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressures on the pair.