The (USDCAD) price continued it decline sharply in its last intraday trading, amid the dominance of bearish corrective wave that helped it surpass the support of its EMA50, putting it under intensive negative pressure and reduced the chances of full recovery on the near-term basis, especially with the continuation of the negative signals on the relative strength indicators, despite reaching oversold levels.
The (USDJPY) witnessed fluctuated trading in its last intraday trading, with the beginning of forming negative divergence of the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative signals from there, pressing on the price.
On the other hand, the price is leaning on a main bullish trend line on the short-term basis, accompanied by its leaning on the support of EMA50, leaning to an intraday fluctuating trading in attempt to look for a new trend.
The (GBPUSD) price kept rising in its recent intraday trading, breaching the key resistance at 1.3215, providing renewed bullish momentum that helped it to extend its intraday gains, amid the continuation of the positive support due to its trading above EMA50, and under the dominance of the bullish corrective trend on the short-term basis, besides the emergence of the relative strength indicators, despite reaching overbought levels.
Bitcoin (BTCUSD) surged higher in its last intraday trading, breaching the key resistance at $88,000, accompanied by surpassing the resistance of EMA50, which helped it to get rid of the negative pressure that constrained its trading in the previous sessions, this rise was supported by the positive signals on the relative strength indicators, despite reaching overbought levels.
The price continues its trading within bullish corrective wave on the short-term basis, keeping its trading alongside supportive trend line for this track, providing extra momentum that might help it to expand its gains on the near-term basis.