USDCAD rose in its last intraday trading, affected by its stability on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, preparing to reach the key stubborn resistance at 1.4245, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside minor trend line that supports the positive trend, to notice the new bullish momentum that may push the pair to breach this resistance in the upcoming near period.
USDJPY declined in its last intraday trading, to gathers the gains of its previous rises, to attempt to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, to gather its positive strength that might help it to resume its strong gains in the upcoming near period, with a dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on the short-term basis.
GBPUSD kept rising in its recent intraday trading, amid the dominance of the bullish corrective trend on the short-term basis with its trading alongside supportive trend line, with the continuation of the positive pressure that comes from its trading above EMA50, which represents a dynamic support that reinforces the chances of extending these gains in the upcoming near period, especially with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.
(BTCUSD) declined during its latest intraday trading as part of a natural profit-taking phase following its previous bullish wave, with the price seeking to build fresh bullish momentum that could support resuming its gains in the near term.
The technical outlook remains supportive for the bullish moves, as the price continues to trade above EMA50, which maintains its role as dynamic support and reinforces the strength of the short-term bullish corrective trend. If the price remains above this technical support, the current pullback is viewed as a normal corrective move, while the potential for the uptrend to resume and target higher resistance levels remains intact.