The (USDCAD) price rose in its last intraday trading, due to the continuation of the negative pressure that comes from its trading below its EMA50, affected by its exit from bullish channel’s range that was confining the trading on the short-term basis, attempting to recover some of the previous losses, to attempt to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them.
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The (USDJPY) rose in its last intraday trading, attempting to offload some of the previous losses, and attempting to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals, amid the continuation of the negative pressure due to its trading below EMA50. Moving alongside minor bearish trendline on the short-term basis reinforces the negative pressure.
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The (GBPUSD) price declined in its last trading on the intraday levels, after reaching our last target at 1.3665, to gather the gains of its previous rises, to attempt to gain bullish momentum that might help it to breach this resistance, and it is attempting to offload the clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, accompanied by the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside supportive main and minor trendlines for this trend.
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The price of Bitcoin (BTCUSD) settled after achieving strong gains in its last intraday trading, taking advantage of the positive signals of the relative strength indicators, which helped it to approach from the critical resistance at $117,000 that represents our last suggested target in our previous analysis.
The price keeps its bullish momentum, by its stability above EMA50, providing dynamic support that reinforces the stability of the bullish correctional trend on the short-term basis, especially with the continuation of its trading alongside supportive trendline.
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