The (USDCAD) price declined in its last intraday trading, reaching 1.3940 support, which represents our expected target in our previous analysis, amid the dominance of bearish corrective wave on the short-term basis, besides the continuation of negative pressure due to its trading below EMA50, which intensifies the negative pressure, on the other hand, we notice the emergence of positive crossover on the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses.
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The (USDJPY) declined in its last intraday trading, amid the attempts of the price to find rising low to take it as a base to rally higher again, to lean onto the support of EMA50, gaining bullish momentum that helped it to reduce a lot of its early losses, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline that reinforces the stability of this track, besides forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of the positive signals.
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The (GBPUSD) price declined sharply during its last intraday trading, reaching our expected target at 1.3265 support, preparing to breaking it amid the continuation of the negative pressure that comes from its trading below EMA50, with the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trendline, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
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Bitcoin (BTCUSD) declined in its last intraday trading, affected by the negative signals on the relative strength indicators, after offloading its oversold conditions, increasing the negative pressure on its trading and pushing it to decline again, and the price is attempting to look for higher low to take it as a new base to help it regain the bullish momentum in the near-term basis.
The decline came with the price approach from the key support at $112,000, accompanied by the support of its EMA50, providing chance to settle and recover again, amid the continuation of the dominant bullish corrective trend on the short-term basis and its trading alongside supportive trendline for this track.
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