|
AUDUSD Price Reaches the Resistance of the Simple Moving Average – Analysis – 03-09-2026
The (AUDUSD) price posted strong gains during its latest intraday trading, reaching the resistance level of its EMA50, which stopped these gains specifically with the retesting the bullish channel’s support that limited its previous trading on the short-term basis, with the emergence of the negative signals from the relative strength indicators, after offloading its oversold levels, intensifying the negative pressures.
USDCAD Breaks Below the Support of a Bearish Technical Pattern – Analysis –03-09-2026
The (USDCAD) price slipped lower during its latest intraday trading, pressured by continued negative signals from the relative strength indicators. The pair broke below the support of a short-term bearish technical pattern, namely a rising wedge, reinforcing the likelihood of the bearish wave continuing in the near term.
MoreUSDJPY Breaks Below a Rising Corrective Trend Line – Analysis – 03-09-2026
The (USDJPY) price is trading with sharp losses in its latest intraday movements, after breaking EMA50’s support, exposing it to negative pressure and forcing it to deepen its losses. The pair broke below a rising corrective trend line in the short term, weakening its chances of recovery in the near term.
MoreGBPUSD Prepares to Break Our Price Target – Analysis – 03-09-2026
The (GBPUSD) price declined in its latest intraday trading, with the pair currently preparing to break below the current support level of 1.3480, which was a price target in our previous analysis. This comes amid the dominance of a short-term bearish corrective wave, with the price moving alongside a steep trend line supporting this scenario, in addition to continued negative pressure resulting from trading below EMA50, which represents dynamic resistance and intensifies the negative pressure surrounding the pair, accompanied by the emergence of a bearish crossover on the relative strength indicators, after offloading the oversold conditions, paving the way for further declines in the near term.
More