The USDCAD pair declined slightly during its recent intraday trading, due to the stability of the key resistance level at 1.3940, attempting to gain positive momentum that may help it break through this resistance, while also trying to ease some of its clear overbought conditions on the relative strength indicators, especially with the beginning of a negative crossover, amid the continuation of positive pressure due to trading above EMA50, which supports the stability and dominance of the main bullish trend in the short term.

USDJPY moves in tight sideways area on its recent intraday levels, attempting to gain bullish momentum that might help it to resume its gains in the upcoming near period, supported by its continued trading above EMA50, which provides dynamic base that reinforces achieving this scenario, especially with the dominance of the main bullish trend on short-term basis and its trading alongside supportive trend line for this path, accompanied by the emergence of positive crossover on the relative strength indicators, after offloading the overbought conditions, which opens the way for targeting new resistance levels.

GBPUSD is holding onto series of consecutive losses in recent intraday trading, leaning on the key support of 1.3180 preparing to break it, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive minor trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full near-term recovery, especially with the emergence of negative signals from the relative strength indicators, despite reaching oversold levels.

Bitcoin (BTCUSD) surged higher during recent intraday trading, breaching the top level of bearish corrective channel’s range that constrained its short-term moves.

This breach accompanied by surpassing EMA50’s resistance, which helped it to surpass the previous negative pressure, supported by the emergence of the positive signals from the relative strength indicators, reinforcing the chances of the bullish momentum continuation, and supports the likelihoods of extending the gains in the upcoming near period.