The (USDCAD) price expanded its gains in its last intraday trading, attacking the critical resistance level at 1.3875, amid the dominance of the main bullish trend and its trading alongside a minor supportive bias line for this trend, with the continuation of the positive pressure due to its trading above EMA50, beside the emergence of the positive signals on the (RSI), despite reaching overbought levels, which opens the way for some correctional rebounds that target to offload this overbought condition.
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The (USDJPY) price declined in its last intraday trading, in an attempt to gain positive momentum that might assist it to recover and rise again, and it remains leaning on the support of its EMA50, affected by breaching bearish correctional trend line previously on the short-term basis, accompanied by the (RSI) reach to the oversold levels, exaggeratedly compared to the price moves, indicating the beginning of forming positive divergence.
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The (GBPUSD) price declined on its last intraday trading, affected by breaking a bullish correctional bias line on a short-term basis, with the emergence of the negative signals on the (RSI), surpassing the support of its EMA50, which might intensify the negative pressure around the price, opening the way for recording more of the losses on the near-term basis.
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The price of Bitcoin (BTCUSD) continued its decline in its last intraday trading, affected by the dominance of minor bearish wave on the short-term basis, as a signal for the strength of the dominance negative momentum, and the price resumes its trading below EMA50, reinforcing the negative pressure.
At the same time, the negative signs are coming from the (RSI), despite reaching sharp oversold levels, which might provide some chances for the temporary rebound attempts, but the main trend remains preferring more downside moves unless it regains key technical levels that support the recovery.
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