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The USDCAD prices are leaning on its simple moving average support- Analysis-04-02-2026

Economies.com
2026-02-04 03:11AM UTC

The (USDCAD) price rose in its last intraday trading, affected by leaning on EMA50’s support, which provided it bullish momentum after a downside journey to look for rising low to help it recover and rise, amid the dominance of strong bullish wave on short-term basis, with the relative strength indicators reaching exaggerated oversold levels compared to the price move until gathering bullish momentum.

 

 

The USDJPY is getting ready to reach our expected target-Analysis-04-02-2026

Economies.com
2026-02-04 02:50AM UTC

The (USDJPY) rose in its last intraday trading, preparing to reach the current resistance at 156.25, which represents our expected target in our previous analysis, amid the dominance of strong minor bullish wave on short-term basis, with the continuation of dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending its gains on intraday basis, especially with the emergence of positive overlapping signals on relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains on near term basis.

 

 

 

GBPUSD price is reinforcing its cautious gains- Analysis- 04-02-2026

Economies.com
2026-02-04 02:47AM UTC

GBPUSD rose in its last intraday trading supported by the emergence of positive signals from relative strength indicators, and the price remains under negative pressure due to its trading below EMA50, and under the dominance of steep bearish corrective wave on short-term basis, these last gains are considered as attempts to recover some of the previous losses. 

 

 

 

Bitcoin (BTCUSD) rises after reaching our expected target- Analysis-04-02-2026

Economies.com
2026-02-04 02:42AM UTC

 

Bitcoin’s price rose during its last intraday trading, benefiting from the stability of key support at $74,000, which represents expected target in our previous analysis, which provided bullish momentum that helped it to record limited gains in attempt to recover some of its losses during the last bearish wave.

 

This rise remains surrounded by clear negative pressure, with the continuation of the trading below EMA50, which reinforces the dominance of the main bearish trend on short-term basis, accompanied by the attempts of the relative strength indicators to offload its oversold conditions, and the emergence of positive signals might support the fluctuation of temporary rebound, without necessarily implying a confirmed reversal of the trend at the current time.