The (USDCAD) price rose in its last intraday trading, due to the stability of the support level at 1.3980, gaining some bullish momentum with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, attempting to recover its previous losses, amid its affection by breaking main bullish trendline on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on the near-term basis.
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The (USDJPY) surged high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, amid the dominance of the main bullish trend and its trading alongside minor trendline on the short-term basis that supports this track, besides the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way fpr achieving more of the gains in the upcoming period.
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The (GBPUSD) price declined during its last intraday trading, due to the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and strength of the main bearish trend on the short-term basis, especially with its trading alongside trendline, besides the emergence of negative crossover on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, intensifying the negative pressure.
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Bitcoin (BTCUSD) price moved higher slightly in its last intraday trading, taking advantage of its stability above the critical support at $107,400, which provided bullish push that has reinforced by the emergence of the positive signals on the relative strength indicators, after reaching exaggerated oversold level, this mild improvement indicates the price attempt to offload the selling pressures and regaining some of its previous losses.
Despite this limited rebound, bitcoin price remains affected by the negative pressure that comes from its stability below EMA50, confirming the continuation of the dominant bearish trend on the short-term basis, and its trading alongside supportive trendline for this track.
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