The (USDCAD) price settles on a decline in its last intraday trading, amid the emergence of negative signals from relative strength indicators, despite reaching exaggerated oversold levels compared to the price move, indicating a quick decline for the surrounding negative pressure, amid the dominance of the bullish corrective trend on a short-term basis, with its trading alongside supportive trend line for this trend, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the pair’s recovery on near-term basis.

The (USDJPY) declined in its last intraday trading, amid the attempts to correct the main bullish trend on a short-term basis, with the emergence of negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for recording more downside moves in the upcoming period.

On the other hand, the pair remains supported by its continued trading above EMA50, which reinforces the stability and dominance of the main bullish trend, especially with its trading alongside supportive trend line for this trend on a short-term basis.

GBPUSD fluctuated on its last intraday levels, to attempt to recover some previous losses, and attempts to offload some of its clear oversold levels from the relative strength indicators, especially with the emergence of positive signals from them.

This comes amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the price’s full recovery on a near-term basis, especially with its trading alongside bearish corrective trendline on a short-term basis.

Bitcoin’s price declined during its last intraday trading in a corrective move to look for a new higher low to use as a technical base to help it rebuild the bullish momentum and recover and rise again in the upcoming period.

This decline comes amid the continuation of the dynamic support that is represented by the trading above EMA50, which reinforces the stability and dominance of the main bullish trend on the short-term basis, accompanied by the relative strength indicators’ entering sharp oversold levels, which suggests beginning forming positive divergence that might support the bullish rebound scenario.