The (USDCAD) price rose slightly in fluctuating trading on its last intraday levels, due to the stability of the key support at 1.3865, gaining some bullish momentum to recover some of its previous losses, and attempting to offload its clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals from there, affected by breaking bullish corrective trend line on a short-term basis, with negative pressure due to its trading below EMA50.
The (USDJPY) witnessed fluctuated trading on its last intraday levels, in attempt to surpass the negative pressure of EMA50, in a significant step for its recovery, amid the emergence of positive signals from relative strength indicators on a short-term basis, with its trading alongside supportive trend line for this track, reinforcing the chances of the price rally in the upcoming period.
GBPUSD declined slightly in its last intraday trading, as it reached the resistance of EMA50, accompanied by testing bearish corrective trend line on a short-term basis, increasing the strength and importance of this area as a key resistance to detect the upcoming track, besides the beginning of forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals.
Bitcoin’s price fluctuated clearly during its last intraday trading, amid the dominance of sharp minor bearish wave on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which increases the negative pressures on the price.
The price is benefiting from holding on main bullish trend line on a short-term basis, providing support that limited its losses, to attempt to offload its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, which might pave the way for the price to settle or rebound in the upcoming period.