USDCAD Breaks Below the Support of a Bearish Technical Pattern – Analysis –03-09-2026

The (USDJPY) price is trading with sharp losses in its latest intraday movements, after breaking EMA50’s support, exposing it to negative pressure and forcing it to deepen its losses. The pair broke below a rising corrective trend line in the short term, weakening its chances of recovery in the near term.

The (GBPUSD) price declined in its latest intraday trading, with the pair currently preparing to break below the current support level of 1.3480, which was a price target in our previous analysis. This comes amid the dominance of a short-term bearish corrective wave, with the price moving alongside a steep trend line supporting this scenario, in addition to continued negative pressure resulting from trading below EMA50, which represents dynamic resistance and intensifies the negative pressure surrounding the pair, accompanied by the emergence of a bearish crossover on the relative strength indicators, after offloading the oversold conditions, paving the way for further declines in the near term.

Bitcoin (BTCUSD) rose slightly during its latest intraday trading, supported by the stability of the key support level at $76,000, providing some positive momentum, which was reinforced by the emergence of positive signals from the relative strength indicators after they reached extremely oversold levels. As a result, the price is attempting to recover part of its previous losses.