The (USDCAD) price declined in its last intraday trading, amid the dominance of the negative signals on the relative strength indicators, attempting to look for higher low to help it to gain the required bullish momentum to recover and rise again, amid the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances of its recovery on the near-term basis, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline.
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The (USDJPY) continued its decline in its last intraday trading, affected by the negative pressure due to its stability below EMA50, reinforcing the dominance of the sellers on a short-term basis, especially with the trading within bearish corrective channel that supports this track.
Noticing the emergence of the negative signals on the relative strength indicators, after offloading its oversold conditions, preferring the continuation of the selling pressure and increasing the possibilities of extending its losses in the upcoming period.
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The (GBPUSD) price surged high in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions in its previous session, to breach main bullish trendline on the short-term basis, accompanied by surpassing the resistance of its EMA50, getting rid of its negative pressure all at once, to reinforce the extension of its gains on the near-term basis.
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Bitcoin price (BTCUSD) declined in its last trading on the intraday levels, amid the continuation of the bearish wave on a short-term basis, with the stability of the negative pressure that comes from its trading below EMA50, which might confine the chances of sustainable recovery on a near-term basis.
However, we notice the emergence of positive crossover on the relative strength indicators, providing temporary support and helps it to settle for short time before resuming its bearish track again.
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