The (USDCAD) price settles on gains in its last intraday trading, after leaning on EMA50’s support previously, gaining bullish momentum that helped it to achieve these gains, amid the dominance of bullish corrective wave on short-term basis, with the beginning of forming bullish divergence on relative strength indicators, which might push it to extend this positive track, especially with the emergence of positive signals from these indicators.

The (USDJPY) fluctuated on its last intraday levels, amid the dominance of bullish corrective wave on short-term basis, with its trading alongside supportive trend line, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending the corrective wave, on the other hand, we notice the emergence of negative overlapping signals on relative strength indicators, which might hinder the upside track on its upcoming intraday levels.

GBPUSD declined in fluctuating trading on its last intraday levels, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line, besides the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which reduces the chances of sustainable recovery on near term, especially with the beginning of forming negative divergence on relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals.

Bitcoin’s price declined in its last intraday trading, after the stability of $71,500 key resistance, which stopped the rising attempts, to keep the price under continued negative pressure within its trading below EMA50, which reinforces the continuation and dominance of the main bearish trend on short-term basis.

The relative strength indicators began to send new negative signals after reaching exaggerated overbought levels, and there are signals for forming negative divergence, which might open the way for more downside moves in the near period.

Therefore, we suggest a decline in BTCUSD in its upcoming intraday trading, if the resistance settles at $71,500 to target the initial support levels at $67,000.

Expected trading range is bewteen$67,000 support and $75,000 resistance.

Today’s forecast: Bearish