The (USDCAD) price kept declining in its last intraday trading, amid the dominance of the main bearish trend and its trading alongside supportive minor trendline 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, to indicate fading any bullish momentum around the pair.

The (USDJPY) declined sharply in its last intraday trading, breaking 154.45 key support reflecting an acceleration in selling pressure and a buildup of negative momentum in price action, especially with its trading below EMA50, reinforcing the strength of the dominant bearish trend on short-term basis.

At the same time, relative strength indicators keep sending negative signals, despite reaching oversold levels, indicating the current attempt to rebound, and opens the way for more downside moves before the emergence of any clearer recovery signals on an intraday basis.  

GBPUSD kept rising in its last trading on intraday basis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis with its trading alongside supportive trendline for this trend, noticing the emergence of positive signals from relative strength indicators, despite its stability in overbought levels.

Bitcoin’s price rose during its last intraday trading, taking advantage of $86,000 support stability, which was an expected target in our previous analysis, attempting to recover some of its previous losses, accompanied by its attempts to offload some of its clear oversold conditions on relative strength indicators, especially with emergence of positive overlapping signals that indicate temporary improvement in the momentum.

Despite this rebound, the negative pressure remains dominant on the short-term trading, amid the dominance of the bearish trend and its trading alongside a restrictive trend line, besides the continuation of the trading below its EMA50, which reduces the chances of sustainable recovery on near-term basis.