The (AUDUSD) price rose in its last intraday trading, due to is leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this path, noticing the emergence of positive signals from relative strength indicators, after reaching oversold levels.
The (USDCAD) price declined in its last intraday trading, affected by breaching minor bearish trend line previously on a short-term basis, with positive support due to its stability above EMA50. The price is attempting to gather the gains of its previous rises, attempting to gain bullish momentum to help it recover and rise again, and the price is attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there.
The (USDJPY) declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions, especially with the emergence of negative overlapping signals, to gather its bullish momentum that might help it to recover and rise again, with a dynamic support that is represented by its trading above EMA50, with the dominance of strong bullish corrective wave on short-term basis.
GBPUSD rose in its last intraday trading due to its leaning on EMA50, gaining some bullish momentum that helped it to achieve these gains, to recover some of its previous losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of steep bearish corrective wave on short-term basis.