The (USDCAD) price slipped lower in its last intraday trading, breaking minor bullish trend line on the short-term basis, which puts it under negative pressure on the near-term basis, especially with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, on the other hand, the pair takes advantage of the dynamic support due to its trading above EMA50, forming an obstacle that prevent its turn to the bearish trend in the upcoming session.
The (USDJPY) kept declining in its last intraday trading, with the emergence of the negative signals on the relative strength indicators after reaching oversold levels, to confirm breaking the key support at 156.25, surpassing the support of its EMA50, which intensifies the negative pressures, to surpass main bullish trend line on the short-term basis, in a significant step to confirm resuming the bearish correction in the upcoming period.
The (GBPUSD) price rose in its recent intraday trading, after gathering its previous gains besides offloading its clear overbought conditions on the relative strength indicators, opening the way for achieving extra gains in the upcoming period, it preparing to attack the key resistance at 1.3215, affected by breaching main bearish trend on the short-term basis, supported by its trading above EMA50, to reinforce the chances of extending its gain.
Bitcoin (BTCUSD) rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions gradually, taking advantage of its previous breach to minor bearish trend line on the short-term basis, which provided extra technical push that supports the continuation of its positive trading.
The price attempts to surpass the negative pressure that comes from its stability below EMA50, paving the way for a clear recovery on the near-term basis, if it manages to settle above this level and continues gaining bullish momentum to support the short-term bullish trend.