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The USDCAD prices attempt to offload its overbought conditions- Analysis-03-02-2026

Economies.com
2026-02-03 02:29AM UTC

The (USDCAD) price declined in its last intraday trading, affected by breaching minor bearish trend line previously on a short-term basis, with positive support due to its stability above EMA50. The price is attempting to gather the gains of its previous rises, attempting to gain bullish momentum to help it recover and rise again, and the price is attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there.

 

 

The USDJPY is taking a breather-Analysis-03-02-2026

Economies.com
2026-02-03 02:26AM UTC

The (USDJPY) declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions, especially with the emergence of negative overlapping signals, to gather its bullish momentum that might help it to recover and rise again, with a dynamic support that is represented by its trading above EMA50, with the dominance of strong bullish corrective wave on short-term basis.

 

 

 

GBPUSD price is getting support - Analysis- 03-02-2026

Economies.com
2026-02-03 02:24AM UTC

 

 

GBPUSD rose in its last intraday trading due to its leaning on EMA50, gaining some bullish momentum that helped it to achieve these gains, to recover some of its previous losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of steep bearish corrective wave on short-term basis. 

 

 

Bitcoin (BTCUSD) stabilized at limited gains- Analysis-03-02-2026

Economies.com
2026-02-03 02:20AM UTC

Bitcoin’s price settled at limited gains during its last intraday trading, attempting to recover some of its previous losses within corrective move to calm the intense of the dominant main bearish trend on short-term basis. 

 

This comes mid the continuation of the trading alongside supportive trend line for the bearish track, and the negative pressure remains valid despite the current rebound. At the same time, the price remains under extra negative pressure due to its trading below EMA50, which forms dynamic resistance that limits the strength of any potential rise, and the emergence of negative signals on relative strength indicators reinforces this scenario, after reaching overbought levels, which might suggest a decline in the bullish momentum and a return to the selling pressure in the upcoming period.