The (USDCAD) price extended its strong gains in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, attacking minor bearish trend line on short-term basis, accompanied by its attempts to get rid of the negative pressure of EMA50. If the price manages to reach this level, it will announce its full recovery and reinforce its gains extended on a near-term basis.

The (USDJPY) surged high in its last intraday trading, breaching 154.45 key resistance, amid the dominance of strong bullish corrective wave on intraday basis, due to the effect of positive technical pattern that formed on short-term basis (inverted head and shoulders pattern), to attempt to surpass the negative pressure of EMA50, announcing its momentum to extend its corrective gains, on the other hand, we notice the emergence of negative signals from relative strength indicators, after reaching overbought levels, which might decelerate the price rise temporarily.

GBPUSD settles on a series of losses in its last trading on intraday basis, amid the attempts of looking for higher low to take it as a base to help it gain the required bullish momentum for its recovery, approaching from leaning in EMA50’s support, amid the emergence of negative signals from relative strength indicators, on the other hand, the main bullish trend remains dominant on short-term basis.

Bitcoin’s price declined during its last intraday trading, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, indicating the continuation of the dominant selling pressures, which increases with the trading below EMA50, which turned into dynamic resistance that limits any near recovery attempts.

Noticing the emergence of negative signals from relative strength indicators, after offloading their oversold conditions, opening the way for recording more losses on near-term basis, preferring the continuation of the negative performance unless clear reversal technical signals appear.

Therefore, our expectations suggest a decline in BTCUSD in its upcoming intraday trading, if it settles below $80,000, to target $74,000 support.

Expected trading range is bewteen$74,000 support and $80,000 resistance.

Today’s forecast: Bearish