The (USDCAD) price rose in its last trading on the intraday basis, breaching the stubborn and critical resistance at 1.3955, supported by the emergence of the positive signals on the relative strength indicators, with the continuation of its trading above EMA50, forming a dynamic support that prevented the price’s decline in the previous period, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline.
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The (USDJPY) extended its gains in its last trading on the intraday levels, to breach 152.00 resistance, which represents our expected target in our previous analysis, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of steep bullish sub-wave on the short-term basis, indicating the dominance of the buying powers on the near trading, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, which might force the price for some corrective rebounds that target gathering the achieved gains.
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The (GBPUSD) price declined in its last intraday trading, to break the key support of 1.3415, confirming its dominance on clear bearish sub-wave on the short-term basis, with the continuation of its trading alongside supportive trendline for this track. This decline comes amid the continuation of the negative pressure due to the price’s stability below EMA50, reinforcing the dominance of the sellers in the current trend.
Noticing the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, indicating that the weakness might continue in an intraday basis before the price takes its breath.
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Bitcoin price (BTCUSD) settled high in its last intraday trading, after its attempt to form new rising low to take it as a base to rally towards recording new all-time highs in yesterday's trading, amid the continuation of the main bullish trend on the short-term basis, with the price’s stability above its EMA50, which reinforces the bullish momentum.
Noticing the beginning of the positive signal’s emergence on the relative strength indicators, after reaching oversold levels, opening the way for the price to recover and achieve more rises on a near- term basis.
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