The (USDCAD) price witnessed fluctuated trading in its last intraday trading, attempting to gain a bullish momentum that might assist it to recover and rise strongly, amid its affection by breaching a main bearish trend line previously on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, on the other hand, we notice the emergence of the negative signals on the (RSI), which might decelerate the rise.
The (USDJPY) price declined in its last intraday trading, to gather the gains of its last rises, and attempts to offload some of its overbought conditions on the (RSI), especially with the beginning of negative overlapping signals appearance, to gather its positive strength that might assist it to attack the critical resistance at 148.00, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The (GBPUSD) price settled low in its last trading, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, approaching form the current support at 1.3415 preparing to break it, on the other hand, we notice the emergence of the positive overlapping signals on the (RSI), after reaching oversold levels, providing some intraday bullish rebounds, to attempt to offload some of these conditions.
The price of Bitcoin (BTCUSD) declined in the last intraday trading, in attempt to find a new rising low to form a new bullish base that supports its recovery and the return of the positive momentum, this decline comes within the continuation of the negative signals on the (RSI), which indicates the weakness on the buying momentum.
Despite this pressure, the (RSI) indicates entering exaggerated oversold levels, which suggest the beginning of forming positive divergence, accompanied by the dominance of the main bullish trend on the short-term basis, and the price is trading alongside a bullish bias line, which provides a chance for regaining its balance on the near-term basis.