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The USDCAD reaches critical resistance -Analysis-07-07-2025

Economies.com
2025-07-07 03:45AM UTC
AI Summary
  • USDCAD price rose, supported by positive signals on RSI and surpassing a bearish trend line
  • Price attacking key resistance level at 1.3615 but facing negative pressure from trading below EMA50
  • Continuous negative pressure may decelerate pair's attempts to rise and correct main bearish trend

The (USDCAD) price rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), surpassing a minor bearish trend line on the short-term basis, attacking the key resistance level at 1.3615, on the other hand, the price remains suffering from the continuous negative pressure due to its trading below EMA50, which might decelerate the pair’s attempts to rise, in order to correct the main bearish trend.

 

 

 

The USDJPY gets positive push -Analysis-07-07-2025

Economies.com
2025-07-07 03:45AM UTC

 

The (USDJPY) price rose in its last intraday trading, affected by the dynamic support that is represented by its trading above EMA50, gaining positive momentum due to its lean on it, amid the dominance of the bullish correctional trend on the short- term basis and its trading besides a bias line, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.

 

 

 

 

The GBPUSD dominates bearish correctional wave -Analysis-07-07-2025

Economies.com
2025-07-07 03:45AM UTC

 

The (GBPUSD) price declined in its last intraday trading, affected by the dominance of bearish correctional wave on the short-term basis, which decreases the positive momentum and limits the recovery attempts. This decline came amid the continuation of the trading below EMA50, reinforcing the current negative overview on the near-term basis.

 

The emergence of the negative signals on the (RSI) increases the selling pressure, indicating the situation of losing the buying momentum and supports the continuation of the bearish correction, these factors keep the eyes on the next support levels that might be tested if the selling pressure continues.

 

 

 

Bitcoin (BTCUSD) rose alongside a bullish trend line -Analysis-07-07-2025

Economies.com
2025-07-07 03:07AM UTC

The price of Bitcoin (BTCUSD) rose in its recent intraday trading, taking advantage of its stability above EMA50, which represents a dynamic support that reinforces the possibilities of the bullish track continuation, besides the move besides a bullish trend line on the short-term basis, indicating the dominance of the buying powers on the trading until now.

 

On the other hand, there are negative signs begin to appear on the (RSI), with the formation of negative overlapping signals and reaching exaggerated overbought levels, indicating the buying exhaustion, which might confine the upcoming gains or lead to some temporary downside moves, to offload this condition and gathering the required momentum to continue the rise later.

Frequently asked questions

What is the price of USD/CAD today?

The price of USD/CAD is $1.3691 (2025-07-11 23:05PM UTC)