The USDCAD pair is holding onto strong gains during its recent intraday trading, supported by the emergence of positive signals from relative strength indicators after reaching deeply oversold levels, attempting to recover part of its earlier losses.

However, the short-term trend remains under the control of a descending corrective movement, with the price moving along a downward-sloping trendline. Additionally, continued trading below EMA50 keeps negative pressure in place, limiting the chances of a full recovery in the near term.

The USDJPY pair is holding onto strong gains at the start of the week, supported by the firmness of the key support level at 158.00, providing positive momentum, helping the pair recover part of its previous losses. At the same time, it is attempting to ease its clearly oversold condition on relative strength indicators, especially with the emergence of positive signals.

However, this upward move led the pair to collide with the resistance of its EMA50, which halted the gains and forced the pair to decline.

The GBPUSD pair continued to decline during its recent intraday trading, affected by the firmness of the key resistance level at 1.3580. The pair is attempting to gain positive momentum that could help it recover and move higher again, however it broke a sharply sloped ascending corrective trendline, exposing it to increased negative pressure, especially with the continued emergence of negative signals from relative strength indicators after the pair managed to ease its oversold condition. supported by its EMA50, which helped halt the losses and triggered a slight rebound.

Bitcoin price (BTCUSD) stabilized after a series of consecutive losses during its recent intraday trading, as it attempts to form a higher low that could serve as a base for a new recovery move. This pullback led the price to rely on the support of EMA50, which helped limit selling pressure.

This stability came alongside support from a short-term ascending sub-trendline, giving the price a positive push that helped it rebound and halt its losses, especially with the emergence of positive signals from relative strength indicators after reaching oversold levels. This strengthens the chances of regaining momentum and moving higher in the coming period.