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USDCAD is Preparing to Break Our Target – 20-07-2026

Economies.com
2026-07-20 02:34 UTC

 

 

USDCAD settles lower in its last intraday trading, preparing to break 1.4000 support, which was our previous expected target, amid the dominance of the bearish corrective trend on the short-term basis, with the trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.

 

 

USDJPY Attempts to Gains Bullish Momentum– Analysis – 20-07-2026

Economies.com
2026-07-20 01:11 UTC

 

USDJPY declined in its last intraday trading, with the emergence of the negative signals from the relative strength indicators, attempting to offload some of its overbought conditions, to gather its positive strength, which may help it gain the required bullish momentum for its recovery.

 

This comes amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive minor trend line for this path.

 

 

 

 

GBPUSD Attempts to Recover – Analysis – 20-07-2026

Economies.com
2026-07-20 01:08 UTC

 

 

GBPUSD rose in its recent intraday trading, after series of downside moves to look for a higher low to use it as a base to help it gain the required positive momentum for its recovery, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive pressure due to its trading above EMA50, which represents a dynamic support that reinforces the chances of near term recovery, especially with the emergence of the positive signals from the relative strength indicators after reaching oversold levels.

 

 

 

Bitcoin Price Challenges Stubborn Resistance – Analysis – 20-07-2026

Economies.com
2026-07-20 01:04 UTC

 

 

Bitcoin (BTCUSD) rose in its latest intraday trading, continuing to pressure the key resistance level at $64,500 in an attempt to break above it and pave the way for higher price targets, while the price remains aligned with a short-term ascending trendline.

 

The price continues to receive strong technical support from trading above EMA50, which acts as dynamic support. Meanwhile, the relative strength indicators started to generate a bullish crossover after easing from overbought territory, opening the way to extend its gains in the near term, if resistance is decisively breached and held.