The (USDCAD) price rose slightly in its last intraday trading, after our target at the support of 1.3685, gaining some positive momentum due to the stability of this level, bouncing higher amid the continuation of the positive signals on the (RSI), after reaching exaggerated oversold levels compared by the price current move, the price still keeping the bullish correctional trend on the short-term basis.
The (USDJPY) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, affected by breaking a bullish correctional trend line on the short-term basis, this decline came after offloading some of its clear oversold conditions on the (RSI), especially with the emergence of positive signals from there, however it couldn’t settle more than that, representing a clear signal for its momentum to begin a new bearish wave.
The (GBPUSD) price rose in its last intraday trading, after reaching our yesterday’s target at the critical resistance at 1.3630, duet o the stability of this resistance the price bounced lower in attempt to gain a bullish momentum that might assisted it to breach this resistance, succeeding in offloading some of its clear overbought conditions on the (RSI), reinforcing its bullish track amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line.
The price of Bitcoin (BTCUSD) rose in its recent intraday trading, after it succeeded in offloading its clear overbought condition on (RSI), providing wider space to achieve extra gains, these moves are supported by the return of the positive signals on the technical indicators, reinforcing the current bullish momentum.
The price takes advantage of its dynamic support that comes from its stability above its EAM50, besides its exit from minor bearish channel’s range that confined its move on the short-term basis, these factors reinforce the possibility of the rise continuation, unless strong resistance appears to decelerate this track.