The (USDCAD) price settled with cautious gains in its last intraday trading, amid the attempts of recovering some of its previous losses, to succeed to offload its oversold conditions on the (RSI), to begin sending negative signals, especially with the pair’s trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line.
The (USDJPY) price rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels previously, to offload this condition which might open the way for recording new losses, amid the dominance of minor bearish wave on the short-term basis, to retest the critical resistance level at 143.75.
The (GBPUSD) price settled high in its last intraday trading, after it succeeded to gain the required positive momentum to recover, and it succeeded to offload its clear overbought condition on the (RSI), with the beginning of positive overlapping signals appearance, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive support due to its trading above EAM50.
The price of Bitcoin (BTCUSD) continued its decline in its recent intraday trading, breaking the critical support at $106,200, which is considered as a strong sign, accompanied by breaking the support of EMA50, adding more pressure on the price.
This decline comes after the success in offloading some of the clear oversold conditions on the (RSI), opening the way for extra space to move lower without big technical obstacles.