The (USDCAD) price declined in its last intraday trading, leaning on our previously suggested target at 1.3630 key support, to break bullish corrective trend line on short-term basis, intensifying the negative pressure due to its trading below EMA50, with the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for recording new downside moves.

The (USDJPY) continued moving lower in its last intraday trading, in attempt to look for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid the trading within bullish corrective channel that limits its trading on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of near-term recovery.

GBPUSD witnessed fluctuating trading on its last intraday levels, amid its attempts to retest the key resistance at 1.3365, with the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the negative pressure due to its trading below EMA50, accompanied by the beginning of forming negative divergence on relative strength indicators, after reaching exaggerated overbought levels compared to the price move, intensifying the negative pressure on the price.

Bitcoin (BTCUSD) declined slightly in its latest intraday trading, in a move that appears more like a technical pause to catch its breath following a strong upward rally. The price is attempting to take partial profits and relieve the clear overbought condition on the relative strength indicators, especially with a negative crossover beginning to appear on the indicator.

This comes after breaking $72,000 resistance, which we previously identified as a potential price target, reflecting the strength of the prevailing bullish momentum. The price also continues to stabilize above EMA50, while a short-term bullish corrective wave remains dominant, keeping the positive outlook intact if the price keeps trading above nearby support levels.

Therefore, we suggest a rise in BTCUSD in its upcoming intraday trading, by its stability above $72,000, to target initial resistance levels at $76,000.

Expected trading range is bewteen$70,000 support and $76,000 resistance.

Today’s forecast: Bullish