The (USDCAD) price settled with gains in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, with its trading alongside minor bullish trend line on the short-term basis, to surpass the resistance of its EMA50, to get rid of its negative pressure, and opening the way for targeting new resistance levels in the upcoming period.
The (USDJPY) kept rising in its last intraday trading, taking advantage of the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line, besides the continuation of the dynamic support that is represented by its trading above EMA50, which reinforced the stability of the bullish movement in the last period, on the other hand, we notice the beginning of negative signals appearance on the relative strength indicators, after reaching overbought levels, which might reduce the gains in the upcoming period.
The (GBPUSD) price declined in its last intraday trading, due to the stability of the resistance at 1.3185, which represents a barrier against extending the current corrective bullish wave, this decline came with the attempt of gaining bullish momentum that might allow it breach this resistance, leaning on the support of its EMA50, taking advantage of its trading alongside supportive trendline for this bullish trend.
On the other hand, the negative signals come from the relative strength indicators, indicating the weakness of the bullish momentum, this technical divergence might reduce the ability to surpass the current resistance in the near period.
Bitcoin (BTCUSD) continued its decline in its last intraday trading, breaking the support level at $93,000, which represented technical target in our previous analysis, this break reactivated the selling pressure, especially with the continuation of its trading below EMA50, which reinforces the dominance of the negative overview on a short-term basis.
Bitcoin is moving alongside main and minor trendlines, indicating the stability of the negative trend, accompanied by extra bearish signals from the relative strength indicators, that indicate recording more declines unless it manages to form a new supportive low.