The (USDCAD) price rose in its last intraday trading, after reaching 1.3565 support, gaining bullish momentum after the stability of this support, attempting to recover some of its previous losses, and attempts to recover some pf its clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals, amid the dominance of the main bearish trend on short-term basis, with its trading alongside minor supportive trend for this trend.

The (USDJPY) rose in its last trading on the intraday levels, after breaking the our expected target at 153.00 support, attempting to recover some of its previous losses, and attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals, amid the dominance of steep bearish wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressures.

GBPUSD declined in its last trading on intraday basis, after breaching our expected target at 1.3780 resistance, to gather the gains of its previous rises, attempting to offload some of its overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish strength that might help it to resume its strong gains, amid the dominance of the main bullish trend on short-term basis.

Bitcoin’s price reinforced its gains during its last intraday trading, benefiting from the positive strength from relative strength indicators, after offloading its overbought conditions due to its previous moves, opening the way for extending this last rise.

The price managed to reach the resistance of EMA50, attempting to decrease the negative pressure, however the main trend remains bearish on a short-term basis, with the continuation of the trading alongside supportive trend line for this negative trend, keeping the cautious valid despite the intraday improvement.

Therefore, our expectations suggest a rise in BTCUSD in its upcoming intraday trading, especially if it settles above $88,000 support, to target $90,000 resistance.

Expected trading range is bewteen$87,500 support and $91,000 resistance.

Today’s forecast: Neutral