The (USDCAD) price declined in its last trading on the intraday levels, amid the emergence of the negative signals on the relative strength indicators, to break main trendline on the short-term basis, accompanied by surpassing the support of its EMA50, intensifying the negative pressure, and increasing the chances for extending the bearish corrective wave on the near-term basis.
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The (USDJPY) declined in its last intraday trading, to gather the gains of its previous rises and attempts to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, to gather its bullish strength that might help it to recover and rise again, where it is leaning on the support of its EMA50, which represents a dynamic support that reinforces the chances of its recovery, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline.
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The (GBPUSD) price witnessed weak fluctuated moves on its last intraday levels, due to its leaning on the support of its EMA50, with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, which limited the negative impact due to the negative technical formation on the short-term basis, which is represented by the rising wedge pattern, amid the dominance of the main bearish trend.
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Bitcoin (BTCUSD) price declined in its last intraday trading, erasing its yesterday’s profits and returns to trading below the resistance of its EMA50, this sharp decline indicates the weakness of the bullish momentum and confirms renewing the selling pressure on the price amid the dominance of the bearish trend on the short-term basis.
This performance is accompanied by the emergence of the negative signals on the relative strength indicators, after ending the oversold condition, opening the way for more downside moves in the near-term basis, and the current trading shows the neediness of technical support to stop this bearish track temporarily, the continuation of the losses is preferred unless the price regains the momentum above the moving average again.
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