The (USDCAD) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), in attempt to gain a bullish momentum that might assist it to recover and rise again, to lean on the support of a bullish correctional bias on the short-term basis, taking advantage of the dynamic support that is represented by its trading above its EMA50, reinforcing the stability of this positive trend.
The (USDJPY) price continued its decline in its last intraday trading, surpassing the support of EMA50, which puts it under negative pressure, and it is intensified by the beginning of the negative signals appearance on the (RSI), under the dominance of sharp minor bearish wave on the short-term basis, indicating the dominance of the sellers.
The (GBPUSD) price continued it rise in its last intraday trading, supported by the dominance of the main bullish trend and its trading alongside a bias line, accompanied by the continuation of the positive support that comes from its stability above its EMA50, reinforcing the chances for the continuation of the rise, especially with the emergence of the positive signals on the (RSI), despite reaching overbought levels, showing an improvement in the buying momentum, and opening the way towards more of the potential gains.
The price of Bitcoin (BTCUSD) fluctuated in its recent intraday trading, and it is attempting to gain a positive momentum that assists it to rally in a new strong bullish wave, taking advantage of its exit from minor bearish channel’s range that was confining its trading on the short-term basis.
On the other hand, the price is under technical press, due to its clear overbought condition that appears clearly on the (RSI), and negative signals begin to emerge from there, causing this fluctuated trading due to its neediness to offload some of these overbought conditions, opening the way for achieving more of the gains.