The USDCAD declines along a minor bearish bias line -Analysis-04-07-2025
AI Summary
- USDCAD price declined in last intraday trading, following main bearish trend on short-term basis
- Trading alongside bias line and below EMA50, reinforcing bearish track
- Negative signals on RSI indicate continuation of negative pressure
The (USDCAD) price declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the bearish track with the emergence of the negative signals on the (RSI), after it success in offloading some of its oversold conditions in its previous trading.
The USDJPY gathers its gains -Analysis-04-07-2025
The (USDJPY) price declined in its last intraday trading, gathering the gains of its last rises and attempts to recover and rise again, and it is attempting to offload some of the clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signals from them, amid the dominance of bullish correctional wave on the short-term basis and its trading alongside a bias line, supported by its trading above EMA50.
The GBPUSD is under negative pressure -Analysis-04-07-2025
The (GBPUSD) price declined slightly in its last intraday trading, settling below the key resistance at 1.3670, at the same time it is under negative pressure due to its trading below EMA50, and under the dominance of bearish correctional wave on the intraday basis, besides the appearance of negative overlapping signals on the (RSI), after reaching overbought levels.
Bitcoin (BTCUSD) declines affected by critical resistance -Analysis-04-07-2025
The price of Bitcoin (BTCUSD) declined in its recent intraday trading, affected by the stability of the critical resistance of $110,500, which stopped the bullish wave temporarily, this decline was an attempt to gain the required bullish momentum to breach this resistance, with the continuation of the bullish trend effect on the short-term basis, where the price moves alongside a bias line that supports the overall bullish track.
The price attempts to offload the clear overbought conditions on the (RSI), especially with the beginning of the negative signals appearance from them, opening the way for gathering the required momentum to resume the rise.
Therefore, our expectations suggest a rise in (BTCUSD) price in the upcoming intraday sessions, conditioned by breaching the mentioned resistance at $110,500 initially, and its next target is located at $112,400.
The expected trading range is between $108,400 support and $111,500 resistance.
Today’s forecast: Bullish