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USDCAD Attempts to Get Bullish Momentum– Analysis – 02-07-2026

Economies.com
2026-07-02 02:46 UTC

 

 

USDCAD fluctuated in its last intraday trading, amid its attempts to gain bullish momentum that might lead it to breach the stubborn key resistance at 1.4245, supported by its continued trading above EMA50, gaining renewed bullish momentum, especially with the dominance of the main bullish trend on the short-term basis, with its trading alongside minor supportive trend line, on the other hand, there are negative signals come from the relative strength indicators, which reduces the recovery.

 

 

USDJPY Shows Supportive Signals for the Bullish Trend – Analysis – 02-07-2026

Economies.com
2026-07-02 00:55 UTC

 

 

USDJPY rose slightly in its last intraday trading, keeping its trading above 162.50 resistance, as a signal for reinforcing the chances of a near term recovery, especially with beginning of forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price action.

 

This comes amid the continuation of the positive support due to its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line.

 

 

GBPUSD Keeps its Gains – Analysis – 02-07-2026

Economies.com
2026-07-02 00:52 UTC

 

 

GBPUSD settles with series of consecutive gains in its recent intraday trading, with the continuation of the bullish corrective wave dominance on the short-term basis, supported by its move alongside bullish trend line that reinforces the stability of this path.

The price benefits from the dynamic support due to its trading above EMA50, which provides renewed bullish momentum that helps it to keep the gains, with the emergence of positive signals from the relative strength indicators, reinforcing the chances of the bullish moves continuation and targeting higher resistance levels in the upcoming near period if the supported technical factors remain valid.

 

Bitcoin (BTCUSD) Bounces Lower with the Return of the Negative Signals – Analysis – 02-07-2026

Economies.com
2026-07-02 00:48 UTC

 

 

(BTCUSD) declined during recent intraday trading, after it failed to breach the key resistance at $61,000, besides reaching EMA50’s resistance, and hitting a main bearish trend line on the short-term basis, intensifying the selling pressures and forcing the price to rebound lower.

 

This decline was accompanied by the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, indicating the decline of the positive momentum and reinforces the likelihoods of the bearish trend continuation in the near upcoming period, and the negative technical overview remains valid as long as the price moves below the current resistance levels.