The USDCAD price settles with series of consecutive gains in its last intraday levels affected by breaching a bearish corrective trend line on the short-term basis, with clear improvement in the bullish momentum, especially with a dynamic support that is represented by its trading above EMA50, which reinforces the chances of extending these gains in the near upcoming period, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains temporarily.

The USDJPY price surged higher during its recent intraday sessions, breaching the key resistance of 162.80, which was our expected target in our previous analysis, with the emergence of positive signals from the relative strength indicators, despite reaching overbought levels, besides the continuation of the positive pressure due to its trading above EMA50, which reinforces the dominance and stability of the main bullish trend on the short-term basis.

GBPUSD settles with sharp consecutive losses in its recent intraday trading, after breaking the main bullish trend on the short-term basis, accompanied by its decline below EMA50, signaling increasing bullish pressure and weakening bullish momentum.

The bearish outlook reinforces by the continuation of the negative signals emergence from the relative strength indicators, increasing the likelihoods of continuing the decline in the near upcoming period and reduces the chances of recovery, unless the price manages to trade above the main technical resistance levels.

Bitcoin (BTCUSD) resumed its rise during its recent intraday trading after offloading part of its overbought conditions on the relative strength indicators, which reactivated positive momentum and opened the way for rising in the near term.

The technical outlook remains supportive of further gains, amid the dominance of the short-term uptrend and the trading along a supportive trendline, alongside continued trading above EMA50, which continues to act as dynamic support. With momentum continuing to improve, the chances of reaching higher resistance levels remain intact if the price holds above its current support levels.