The (USDCAD) price settled low in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line, with its trading below EMA50, forming a dynamic resistance that prevents the rise, besides the emergence of the negative signals on the (RSI) after reaching overbought levels.
The (USDJPY) price declined in its last intraday trading, affected by the stability of the current resistance level at 144.65, amid the dominance of a sharp bearish wave on the short-term basis, indicating the dominance of the selling powers, with the continuation of the negative pressure due to its trading below its EMA50, besides the beginning of the negative signals emergence on the (RSI), after reaching overbought levels.
The (GBPUSD) price rose in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, besides the beginning of forming a positive divergence on the (RSI), after reaching oversold levels, with the emergence of the positive signals form there, reinforcing the bullish overview around the price.
The price of Bitcoin (BTCUSD) surged high in its recent intraday trading, to breach the current resistance level at $1.8,000, as a clear signal for renewing the buying momentum, this rise was supported by the continuation of the bullish overview on a short-term basis.
The price was affected by its exit from the bearish correctional channel’s range that limited its move previously, supported by the (RSI) after it began showing clear bullish signs, after reaching oversold levels, which indicates the continuation of the bullish trend in its upcoming moves.
Therefore, our expectations suggest a rise for the (BTCUSD) price in the upcoming intraday sessions, conditioned by confirming breaching the resistance at $108,000 with a good close above it, to target its next resistance at $110,500.
The expected trading range is between $107,000 support and $110,500 resistance.
Today’s forecast: Bullish