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USDCAD Tests the Simple Moving Average Resistance – Analysis –28-10-2026
The USDCAD pair extended its gains in its latest intraday trading, attempting to cautiously recover some of its previous losses. However, the price has reached resistance at EMA50, threatening these gains and signaling a potential return to the dominance of the short-term corrective bearish trend. This comes as the relative strength indicators begin to show a bearish crossover after reaching deeply overbought territory, which could intensify the negative pressure surrounding the pair.
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USDJPY Struggles to Hold on to Its Gains – Analysis –28-10-2026
The USDJPY pair maintained its upward movement in its latest intraday trading, supported by an earlier break above the resistance of EMA50, which has now turned into dynamic support, strengthening the chances of extending the pair’s gains in the near term. This has also restored the dominance and stability of the short-term uptrend, with the price moving alongside a trend line supporting this path.
MoreGBPUSD Poised to Break a Pivotal Support Level – Analysis –28-10-2026
The GBPUSD pair has suffered a series of consecutive losses in its latest intraday trading, following an earlier break below EMA50, which restored the dominance of the main short-term bearish trend and deepened the pair’s losses. The pair is now poised to break below the key support level at 1.3295, amid continued negative signals from the relative strength indicators, despite having reached deeply oversold territory.
MoreBitcoin (BTCUSD) Faces the Threat of Another Decline – Analysis –28-10-2026
Bitcoin (BTCUSD) cautiously extended its gains in its latest intraday trading, supported by the positive momentum gained from holding above the pivotal $80,000 support level, as well as positive signals emerging from the relative strength indicators after they reached oversold territory.
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