The (USDCAD) price declined in its last intraday trading, due to the stability of the current resistance level at 13770, this level was our suggested target yesterday, to gather the gains of its previous rises, and attempts to gain a positive momentum that might assist it to recover and rise again. The price attempts to offload some of its clear overbought conditions on the (RSI), amid the dominance of minor bullish wave, which indicates the strength of this trend
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The (USDJPY) price declined in its last trading on the intraday levels, amid the emergence of the negative signals on the (RSI). The price is looking for a rising low to take it as a base that might help it to gain the required positive momentum to recover, amid the continuation of the positive support that comes from its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a supportive bias line for this trend.
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The (GBPUSD) price rose in its last trading on the intraday levels, supported by the emergence if the positive signals on the (RSI), reaching overbought levels, which suggest ending the bullish momentum that assisted it to recover some of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the main bearish trend on the short-term basis.
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The price of Bitcoin (BTCUSD) declined in its last trading on the intraday levels, affected by the emergence of the negative signals on the (RSI), attempting to gain some of the positive momentum that might assist it to recover and rise again, and it leaned on the support of EMA50, accompanied by retesting the top of a positive technical formation on the short-term basis, represented by the falling wedge pattern.
This comes amid the continuation of the main bullish trend domination on the short-term basis, any potential rebound from these levels is considered a significant sign that might support regaining the positive track.
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