The (USDCAD) price decline in its last intraday trading, after reaching our expected target at the significant resistance at 1.3890, gathering the gains of its previous rises, to attempt to gain bullish momentum that might help it to breach this resistance, besides the attempts of offloading some of the clear overbought conditions on the relative strength indicators, with the dominance of minor bullish wave that indicates the strength of the momentum.
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The (USDJPY) declined slightly in its last intraday trading, to gather the gains of its previous rises, and attempting at the same time to offload some of the clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, this decline provide a space for the price to catch its breath before resuming the attempts to rise again.
The price remains under positive pressure due to its trading above its EMA50, reinforcing the chances of its recovery, with the dominance of minor bullish wave, indicating the strength of the bullish trend on a near-term basis.
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The (GBPUSD) price rose slightly in its last intraday trading, attempting to recover some of its previous losses, taking advantage of offloading the clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals from there.
On the other hand, the price remains under negative pressure due to breaking main bullish trend line on the short-term basis, with the continuation of its trading below EMA50, which intensifies the surrounding pressures and limits the chances of its near recovery.
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The (BTCUSD) slipped lower in their last intraday trading, affected by the dominance of minor bearish wave on the short-term basis, with the continuation of its trading alongside supportive trendline for the negative track, the price stability below its EMA50 reinforces the negative pressure, and reduces the chances of recovery on a near-term basis.
Accompanied by forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price movement, and the negative signals begin to appear, opening the way for more downside moves in its upcoming trading.
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