The (USDCAD) price settled lower in its last intraday trading, leaning on the current support at 1.3865, amid the attempts of looking for rising low to use it as a base to help it gain the required bullish momentum for its recovery, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trend line for this track, with the continuation of the dynamic pressure that is represented by its trading above EMA50, to begin forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of positive overlapping signals.
The (USDJPY) kept rising on its last intraday levels, affected by breaching 157.70 key resistance, taking advantage of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis, besides the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis.
GBPUSD rose in its last intraday trading, reaching the current resistance of 1.3475, accompanied by the price attempt to surpass the negative pressure of the EMA50, announcing its full recovery on the near-term basis, amid the dominance of the main bullish trend on the short-term basis, on the other hand, we notice the emergence of negative signals from the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, which may obstruct extending its gains in the upcoming period.
Bitcoin’s price fluctuated on its last intraday levels, amid its continued attempts to gain bullish momentum that might help it to get rid of the negative pressure of EMA50, paving the way for clearer recovery on the near-term basis, after sideways range trading.
Accompanied by the dominance of the main bullish trend on the short-term basis, with the trading alongside supportive trend, supported by the emergence of the positive signals from the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, reinforcing the return of the bullish momentum in the upcoming period.