The (USDCAD) price declined in its last intraday levels, in attempt to look for higher low to take a base that might help it to gain the required positive momentum for its recovery, amid the dominance of the main bullish trend and its trading alongside supportive trendline for this track, besides the continuation of the positive pressure that comes from its trading above EMA50, accompanied by the relative strength indicators reach to oversold levels, exaggeratedly compared to the price move, to suggest forming positive divergence.
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The (USDJPY) slipped lower in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, attempting to look for higher low to take a base that help it to gain the positive momentum to recover and rise again, amid the dominance of strong bullish correctional wave on the short-term basis and its trading alongside supportive trendline, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances for the price recovery.
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The (GBPUSD) price extended its gains in its last intraday trading, attempting to recover some of its previous losses, amid the dominance of the bearish correctional trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chance of the price recovery on the near-term basis, with the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels compared by the price movement, to suggest forming negative divergence.
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The (BTCUSD) price extended its gains in their last intraday trading, taking advantage of the positive signals on the relative strength signals, despite its stability on overbought levels, and the price succeeded in breaching minor bearish trend line on the short-term basis, gaining extra momentum that helped it to reinforce its intraday gains.
This momentum pushed the price to hit the resistance of its EMA50, to surpass its negative pressure, paving the way for full recovery and opening the way for targeting new resistance levels on a near-term basis.
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