USDCAD remained stable with slight gains during recent intraday trading, as the pair retested the key resistance level at 1.3635 while also touching the EMA50 resistance and testing a major descending trendline. This increases the importance of the current resistance zone, which could determine the pair’s next short-term direction.
At the same time, negative crossover signals are beginning to appear on the relative strength indicators after reaching heavily overbought levels, adding further downside pressure.
USDJPY declined during recent intraday trading amid the dominance of the short-term bearish trend. Negative pressure remains in place as the pair continues to trade below the EMA50, reducing the chances of a near-term recovery and increasing downside pressure, especially with negative crossover signals beginning to appear on the relative strength indicators after the pair managed to ease its oversold conditions, opening the way for further losses.
GBPUSD edged slightly higher during recent intraday trading after successfully easing overbought conditions on the relative strength indicators, giving the pair more room to extend its gains in the near term. The pair is now preparing to challenge the key resistance level at 1.3640, supported by continued trading above the EMA50, which acts as dynamic support and strengthens the short-term bullish trend, alongside movement near a supportive upward trendline.
Bitcoin (BTCUSD) slipped during recent intraday trading after resistance at $82,000 held firm, triggering a corrective move aimed at rebuilding positive momentum for another attempt to resume gains and break this key resistance. The decline appears natural within the broader bullish trend, with no major technical signs suggesting a trend reversal.
The short-term upward trend remains dominant, supported by movement along rising trendlines and continued trading above the EMA50, which provides important dynamic support. Relative strength indicators have also reached heavily oversold levels compared to price movement.