The (USDCAD) price settled with strong gains in its last intraday trading, due to the stability of the support level at 1.3820, gaining bullish momentum that helped it to recover some previous losses, accompanied by the relative strength indicators reach to overbought levels, indicating a quick decline in the surrounding bullish momentum, especially with the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside steep trend line.
The (USDJPY) settled on a rise in its last intraday trading, after breaching the top level of the corrective channel that limited its previous trading on the short-term basis, besides its success in surpassing EMA50, getting rid of its negative pressure, reinforcing the chances of extending the gains in the upcoming period, on the other hand, we notice the negative overlapping signals on the relative strength indicators after reaching overbought levels, which reduced the last gains of the price, due to its need to offload this clear overbought condition.
GBPUSD rose in its last trading in the intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after forming positive divergence after reaching oversold levels, returning the bullish momentum preparing to attack the key resistance at 1.3350, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline, and there is positive dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of the recovery on the near-term basis.
Bitcoin’s price witnessed fluctuation in its last intraday trading, affected by the emergence of the negative signals of the relative strength indicators after reaching overbought levels, which pushed it to fluctuate, looking for bullish momentum to recover and rise again.
The price is leaning on EMA5’s support, which provides strong technical base that supports the dominance of the bullish corrective trend on the short-term trading, especially with its trading alongside supportive trend line for this trend, keeping the chances of the gains return valid if the price manages to face the current selling power.