The (USDCAD) price declined in its last intraday trading, to gather the gains of its last rises, attempting to gain bullish momentum that might help it to recover and rise again, supported by the continuous trading above EMA50, under the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, to notice the return of the positive signals on the relative strength indicators, despite its stability in overbought levels.
The (USDJPY) declined in its last intraday trading, attempting to gain bullish momentum that may help it recover and begin a new bullish wave, and it succeeded in offloading its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line.
The (GBPUSD) price rose slightly in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, affected by negative technical formation that formed on the short-term basis(the rising wedge pattern), besides forming negative divergence on the relative strength indicators, after reaching overbought levels, with the emergence of the negative signals on the relative strength indicators.
Bitcoin (BTCUSD) declined in its last intraday trading, nearing a break of the $87,000 support, which represents our expected bearish target. The ongoing negative pressure from stability below the EMA50 strengthens sellers’ control, supported by trading along a minor trend line that maintains the short-term bearish bias.