The (USDCAD) price settled with strong gains in its last intraday trading, benefiting by surpassing the resistance of EMA50, surpassing its negative pressure amid the dominance of the main bullish trend on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
The (USDJPY) continued the rise in its last intraday trading, after breaching 156.50 resistance, which represents our target in our previous analysis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, which reinforces the dominance and stability of the main bullish trend on the short-term basis, especially with its trading alongside trendline, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
The (GBPUSD) price kept declining in its last intraday trading, affected by negative technical formation that formed on the short-term basis ( the falling wedge patter), which formed during a bullish corrective wave, to end any chance for a sustainable recovery on the near-term basis, especially with the continuation of the negative pressure due to its trading below EMA50, despite reaching oversold levels.
Bitcoin (BTCUSD) rose in its last intraday trading, benefiting from stability at the $90,000 support to recover part of previous losses after a sharp bearish wave. This rebound gains bullish momentum with early positive signals on relative strength indicators, reflecting improved near-term buying appetite.
Despite this limited recovery, the price stays under negative pressure below EMA50, confirming short-term bearish dominance, with movement along a bearish trendline restricting any upward attempts unless the price surpasses nearby resistance.