The (USDCAD) price continued the decline in its last intraday trading, after reaching the resistance of EMA50, which puts it under intensified negative pressure amid the dominance of bearish corrective wave on the short-term basis, affected by breaking main bullish trend line, preparing to break the key support level at 1.3980, especially with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels previously.
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The (USDJPY) rose in its last intraday trading, preparing to attack the key resistance level at 153.25, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside minor trendline that reinforces the stability of this track, besides offloading its overbought conditions on the relative strength indicators, opening the way for testing new resistance levels in the upcoming period.
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The (GBPUSD) price rose slightly during its last intraday trading, amid the dominance of the main bearish trend on the short-term and its trading alongside supportive trendline for this track, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the pair’s recovery on the near-term basis, besides the emergence of the negative signals on the relative strength signals, intensifying the negative pressures around the price.
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Bitcoin (BTCUSD) price continued its rise in its last intraday trading, approaching from testing the resistance level at $115,800, which represents our expected target in our previous analysis, this rise comes amid the continuation of the bullish corrective trend on the short-term basis, where the price moves alongside supportive trendline that confirms the strength of the dominant bullish momentum in the market.
Bitcoin takes advantage of the continuation of the dynamic pressure that comes from its trading above its EMA50, reinforcing the chances of the rise continuation, accompanied by the emergence of positive signals from the relative strength indicators, despite reaching overbought levels, which might ease the way for a temporary profit-taking wave before resuming the main bullish trend.
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