The (AUDUSD) price declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, reaching minor bullish trend line on short-term basis, accompanied by its leaning on EMA50’s support amid the attempts of looking for higher low to use it as a base that might help it to gain the required bullish momentum to recover and rise again.
The (USDCAD) price extended its strong gains in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, attacking minor bearish trend line on short-term basis, accompanied by its attempts to get rid of the negative pressure of EMA50. If the price manages to reach this level, it will announce its full recovery and reinforce its gains extended on a near-term basis.
The (USDJPY) surged high in its last intraday trading, breaching 154.45 key resistance, amid the dominance of strong bullish corrective wave on intraday basis, due to the effect of positive technical pattern that formed on short-term basis (inverted head and shoulders pattern), to attempt to surpass the negative pressure of EMA50, announcing its momentum to extend its corrective gains, on the other hand, we notice the emergence of negative signals from relative strength indicators, after reaching overbought levels, which might decelerate the price rise temporarily.
GBPUSD settles on a series of losses in its last trading on intraday basis, amid the attempts of looking for higher low to take it as a base to help it gain the required bullish momentum for its recovery, approaching from leaning in EMA50’s support, amid the emergence of negative signals from relative strength indicators, on the other hand, the main bullish trend remains dominant on short-term basis.