The (USDCAD) price continued its sharp decline in its last intraday trading, after breaking the key support at 1.3900, which represents our target in our previous analysis, amid the dominance of the main bearish trend and its trading alongside steep bearish trend line that reinforces the stability and dominance of this track, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
The (USDJPY) declined in its last intraday trading, amid its trading within bearish corrective channel’s range that limited its previous trading on the short-term basis, with continued negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators after reaching overbought levels.
GBPUSD rose slightly in its last trading on the intraday levels, preparing to attack the key resistance at 1.3350, supported by its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis and its trading alongside supportive trend line for this trend, accompanied by reaching exaggerated oversold levels by the relative strength indicators, indicating a quick fading to the bearish momentum.
Bitcoin’s price rose in its last intraday trading, recovering most of its recent losses for today, taking advantage of its stability above EMA50, which forms dynamic support that reinforces the stability of the positive trading.
This rise comes amid the dominance of bullish corrective wave on the short-term basis, with the trading alongside supportive trend line for this track, accompanied by the emergence of the positive signals on the relative strength indicators, supporting the continuation of the bullish attempts in the near sessions.