The (USDCAD) price declined in its last intraday trading, amid the dominance of the main bearish trend with the dominance of steep minor bearish wave on short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, which represents a dynamic resistance that reduces the chances of the price sustainable recovery on near-term basis, on the other hand, we notice the emergence of positive signals from relative strength indicators, after offloading its overbought conditions.
The USDJPY price extended its gains during its latest intraday trading after relying on the support of EMA50. This provided positive momentum that helped the pair achieve those gains, benefiting from positive signals coming from the relative strength indicators after reaching heavily oversold levels. This comes while a short-term upward wave continues to dominate, with the price moving alongside a supportive trendline for this path.
The GBPUSD price rose during its latest intraday trading, supported by the firmness of the key support level at 1.3400, which represents the neckline of a short-term technical formation known as the double bottom pattern.
This rise comes while dynamic support continues as the pair trades above EMA50. In addition, the relative strength indicators have reached levels that may help the pair start gathering positive momentum during the coming period.
Bitcoin price (BTCUSD) settles in a decline during its latest intraday trading after rebounding downward following the firmness of the resistance level at 71,500, which had represented a price target in our previous analyses. This decline comes while the price is currently relying on the support of EMA50, which may provide a technical base that helps it regain recovery during the coming period.
At the same time, the price has succeeded in easing the overbought conditions on the relative Strength Index indicators, giving it more room to attempt targeting new resistance levels. This comes while the short-term corrective upward trend continues to dominate, with the price moving alongside a supportive trendline for this path.