The (USDCAD) price declined in its last intraday trading, amid the continuation of dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this track, attempting to gain bullish momentum that might help it to recover and rise again, and it attempts to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there.
The (USDJPY) declined in its last intraday trading, surpassing EMA50’s support, to lean on main bullish trend line on a short-term basis, gaining bullish momentum that helped it to rebound quickly to reduce its early losses, especially with the beginning of forming positive divergence on relative strength indicators, and the emergence of positive signs, which supports the scenario of a recovery on near-term basis.
GBPUSD fluctuated in its last intraday trading, to attempt to recover some previous losses, amid the dominance of the bearish corrective trend on a short-term basis with its trading alongside supportive line for this trend, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price’s recovery on a near-term basis, especially with the emergence of negative signals from relative strength indicators.
Bitcoin’s price slipped lower during its last intraday trading, affected by the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for the return of the selling pressures and recording new losses on a near-term basis.