The (USDCAD) price declined in its last intraday trading, after its exit from bullish corrective channel’s range that was limiting its previous trading on short-term basis, with the emergence of negative signals from relative strength indicators, to surpass the EMA50’s support, which put it under more negative pressure and opens the way for recording more downside moves on near period.
The (USDJPY) declined in its last intraday trading, attempting to gain bullish momentum that might help it to offload its overbought conditions on relative strength indicators, especially with the emergence of the negative signals from them, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and strength of the dominant bullish corrective trend on the short-term trading.
GBPUSD extended its gains in its last intraday trading, affected by breaching bearish corrective trend line on short-term basis, accompanied by surpassing EMA50, getting rid of the negative pressures, supported by the emergence of the positive signals from relative strength indicators, despite reaching overbought levels, which might reduce the upcoming gains temporarily.
Bitcoin’s price (BTCUSD) declined in its recent intraday trading in natural profit taking phase after previous bullish wave, with its attempts to reduce its clear overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, indicating short-term corrective pressures.
Despite this decline, the technical overview remains positive, affected by breaching minor bearish trend line on short-term basis, besides surpassing the negative pressure due to the trading below EMA50, providing chance for gathering momentum and resuming its gains if the indicators settle.