The (USDCAD) price declined in its last intraday trading, in an attempt to gain positive momentum that might help it to recover and rise again, leaning on the support of the EMA50, amid its trading alongside a main bullish trend on the short-term basis, with the emergence of the positive signals on the (RSI), after the price success in offloading overbought conditions previously.
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The (USDJPY) price rose in its last intraday trading, after gaining positive momentum in sudden declines, to look for a rising low to take it as a base to rise, leaning on the support of its EMA50, accompanied by testing a main bullish trend line on the short-term basis, gaining some positive momentum that helped it to achieve new gains, and helps it to reach the(RSI) reach to exaggerated oversold levels compared by the price movement.
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The (GBPUSD) price declined in its last intraday trading, gathering its previous rises, attempting to gather positive momentum that might assist it to resume its sharp rise, and it attempts to offload some of its clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signal from there.
This decline comes amid the stability of the price above 1.3475 resistance, as a clear signal for confirming breaching this resistance, amid the dominance of bullish correctional wave on the short-term basis and its trading alongside supportive bias line for this trend.
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The price of Bitcoin (BTCUSD) declined in its last intraday trading, after its reached the main resistance level of $120,000, in attempt to gain positive momentum that might allow it to breach this key psychological barrier, amid the continuation of the main bullish trend on the short-term basis, and trading alongside a minor bias line that supports the positive track.
The technical image is reinforced by the price stability above EMA50, besides the positive signals that come from the (RSI), showing sharp oversold signals that might open the way for a new bullish wave, if the price surpassed the current resistance.
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