The (USDCAD) price declined in its last intraday trading, as it reached the resistance of main bearish trend line on short-term basis, accompanied by reaching EMA50, which led it to surrender to this negative pressure, especially with the emergence of negative signals from relative strength indicators, after reaching exaggerated overbought levels compared to the price move, to begin negative divergence.

The (USDJPY) declined in its last trading on the intraday basis, due to the stability of the key resistance at 157.30, which represents an expected target in our previous analysis, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, to gather its positive strength that might help it to breach this resistance, amid its trading alongside bullish corrective trend line on short-term basis, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the renewed bullish momentum.

GBPUSD witnessed positive fluctuating trading on its last intraday levels, after leaning on 1.3365 key support, which represented an expected target in our previous analysis, gaining bullish momentum that reinforced by the emergence of positive signals from the relative strength indicators, after reaching oversold levels, to attempt to recover some previous losses.

This comes amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this track. 

Bitcoin’s price (BTCUSD) settles on clear gains in its recent intraday trading, after breaching $68,000 resistance, in technical signals that reinforces the strength if the current bullish momentum, leaning on a key dynamic support that is represented by its stability above EMA50, supporting the continuation of the dominant bullish correction on short-term basis.

This positive overview is reinforced by the emergence of positive signals from relative strength indicators, despite reaching sharp overbought levels, indicating the strength of the current momentum, with the possibility of a temporary pullback remaining in play if profit-taking intensifies. 

Therefore, we suggest a rise in BTCUSD in its upcoming intraday trading, conditioned by its stability above $68,000, to target the next resistance at $72,000.

Expected trading range is bewteen$66,000 support and $72,000 resistance.

Today’s forecast: Bullish