The (USDCAD) price rose in its last trading on intraday basis, preparing to reach 1,3720 key resistances, amid its trading within bullish corrective channel on short-term basis, supported by its continuous trading above EMA50, reinforcing the chances of extending its gains on near-term basis, especially with the emergence of positive signals from relative strength indicators.
The (USDJPY) rose strongly in its last intraday trading, benefiting from the dynamic support that is represented by its trading above EMA50, and under the dominance of bullish corrective wave on short-term basis, with its trading alongside supportive trend line for this bullish track, especially with the emergence of positive pressures.
GBPUSD declined in its last intraday trading, amid the emergence of the negative signals from relative strength indicators after reaching overbought levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the bearish corrective trend on short-term basis, especially with its trading alongside supportive trend line for this negative track.
Bitcoin’s price (BTCUSD) declined in its recent intraday trading, to break $65,000 key support, in negative technical signals that indicate increasing the selling pressures and the acceleration of the decline, this comes amid the stability and dominance of the main bearish trend on short-term basis and confirms the weakness if any previous rebound attempts.
This decline is accompanied by offloading the oversold conditions on relative strength indicators, opening the way for the continuation of the bearish track without clear momentum obstacles on near-term basis.