The USDCAD is extending its gains- Analysis-01-10-2025

The (USDJPY) settled with cautious gains in its last intraday trading, to recover some of its previous losses, attempting at the same time to offload some of its clear oversold condition on the relative strength indicators, especially with the emergence of the negative signals, amid its affection by breaking minor bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances for the price recovery on the near-term basis.

The (GBPUSD) price declined slightly in its last trading on the intraday levels, affected by reaching the resistance of its EMA50, which forced it to bounce lower, especially with the emergence of the negative signals on the relative strength indicators, to suggest forming negative divergence, which will intensify the negative pressure if the negative signals continue, amid the dominance of bearish wave on the short-term basis.

The (crude oil) prices witnessed fluctuated trading on the intraday levels, affected by steep bearish sub-wave on a short-term basis, with the continuation of the negative pressure that comes from its stability below EMA50.