The (USDCAD) price declined in its last intraday trading, due to the stability of 1.3800 resistance, accompanied by reaching EMA50’s resistance, which put the price under intensive negative pressure, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trend line, preparing to break 1.3730 key support, on the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold level, which might reduce the upcoming losses.
The (USDJPY) slipped lower in its last intraday trading, breaking 156.95 support, which led to increase the bearish momentum to surpass minor bullish trend line on the short-term basis, which intensifies the negative pressures.
On the other hand, the price takes advantage of the dynamic support that is represented by its trading above EMA50, making the intraday declines limited and temporary until finding rising low to take it as a base to help it recover again, especially with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence.
GBPUSD kept rising in its last intraday trading, breaching the key resistance at 1.3435, this resistance represents a target in our previous analysis, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend, besides the emergence of positive signals on relative strength indicators, despite its stability in overbought levels.
Bitcoin’s price declined in its last intraday trading, affected by the stability of the current resistance at $89,000, facing clear selling pressures accompanied by the emergence of negative signals on the relative strength indicators after reaching overbought levels, which might push the price to enter limited corrective move.
On the other hand, the price is leaning on EMA50’s support in attempt to gain bullish momentum that may help it to recover and resume the rise again, especially with the dominance of the bullish corrective trend on the short-term basis, and the continuation of its trading alongside supportive trend line for this trend.