The (USDCAD) price rose slightly in its last intraday trading, affected by the stability of the current support at 1.3790, gaining some bullish momentum to recover some previous losses, amid the dominance of the main bullish trend on short-term basis with its trading alongside supportive minor trend line for this trend, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative signals from relative strength indicators, despite reaching oversold levels.

The (USDJPY) rose in its last intraday trading, due to its stability on EMA50’s support, gaining bullish momentum that helped it to achieve these gains to reach 158.75 current resistance, affected by offloading the overbought conditions on relative strength indicators, opening the way for extending the gains in the upcoming period, especially with the dominance of the main bullish trend and its trading alongside supportive trend line for this trend.

GBPUSD declined slightly in its last intraday trading, gathering the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its strong gains in the upcoming period, besides offloading some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, and there is dynamic support that is represented by the trading above EMA50, affected by breaching bearish corrective trend line on short-term basis.

Bitcoin’s price rose during its last intraday trading, amid the dominance of fluctuating moves on short-term basis, amid the dominance of steep minor bearish wave, with the continuation of the negative pressure due to its trading below EMA50, which confines the strength of this rise and keeps it temporary.

Despite this rise, the price remains trading below $90,000 key resistance, the technical overview has positive signs, with the emergence of positive overlapping signals on relative strength indicators, after offloading its overbought conditions, which might support extending the gains in the upcoming period, conditioned by the momentum improvement and the trading stability.

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

Expected trading range is bewteen$88,000 support and $92,000 resistance.

Today’s forecast: Neutral