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USDCAD Leans on the Support of the Simple Moving Average – 08-07-2026

Economies.com
2026-07-08 02:28 UTC

 

 

USDCAD fluctuated in its last intraday trading, leaning on EMA50’s support, accompanied by its stability on a main bullish trend line on the short-term basis, to continue its attempts to gain bullish momentum that might help it to recover and rise again, especially with the beginning of forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from them.

 

 

USDJPY extends its gains– Analysis – 08-07-2026

Economies.com
2026-07-08 02:25 UTC

 

USDJPY kept rising in its last intraday trading, benefiting from the positive momentum due to its stability of EMA50, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, noticing the emergence of the positive signals from the relative strength indicators, which reinforces the chances of extending these gains in the upcoming near period.

 

 

GBPUSD is looking for higher low – Analysis – 08-07-2026

Economies.com
2026-07-08 02:23 UTC

 

 

GBPUSD declined in its recent intraday trading, to attempt to look for a higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this track, with a dynamic positive support that is represented by its trading above EMA50, reinforcing the chances of a recovery in the near upcoming period, especially with the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels.

 

 

Bitcoin Keeps Its Corrective Bullish trend with Strong Technical Support – Analysis – 08-07-2026

Economies.com
2026-07-08 01:24 UTC

 

 

Bitcoin (BTCUSD) rose slightly in its latest intraday trading, supported by the stability of the $63,000 level, which provided a solid base for a positive rebound. At the same time, the relative strength indicators started to generate bullish signals after easing their previous overbought conditions, helping restore upside momentum.

 

The price continues to trade above EMA50, which acts as dynamic support and reinforces the short-term corrective uptrend, and it moves alongside supportive trend line for this path, which supports a potential rise and targeting higher resistance levels.