The (USDCAD) price rose in its last intraday trading, amid the dominance of the bullish correctional trend and its trading alongside a minor bias line on the short-term basis, with the continuation of the positive pressure that comes from its trading above its EMA50, besides the emergence of the positive signals on the (RSI), after reaching exaggerated oversold levels compared to the price move.
The (USDJPY) price declined in its last intraday trading, amid its attempts to gain positive momentum that might assist it to breach the critical resistance level at 149.0, supported by the emergence of the bullish signals on the (RSI), taking advantage of the dynamic support that is represented by its trading above EMA50, supporting the stability of the bullish track especially amid its trading alongside a bullish trend line on the short-term basis.
The (GBPUSD) price declined in its last trading, amid the continuation of the negative pressure that comes from its trading below EMA50, forming dynamic resistance that prevent its recovery in the previous trading, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of positive overlapping signals on the (RSI), after reaching oversold levels, which might decelerate the pair’s losses in its upcoming moves.
The price of Bitcoin (BTCUSD) rose in its last intraday trading, supported by the stability of the critical support at $116,500, providing bullish momentum that assisted it to achieve limited gains, this positive trading amid the main bullish trend dominance on the short-term basis, with the continuation of its trading alongside a supportive bias line, besides the beginning of forming a positive overlapping signals on the (RSI), reinforcing the chances for the continuation of the rise on the near-term basis.
Despite these bullish signals, the price remains facing technical pressures that come from its stability below EMA50, forming an obstacle against the quick recovery attempts, and weakens the ability to target higher resistance levels without breaching this level.