The (USDCAD) price declined in its last intraday trading, after offloading its clear oversold conditions previously, which opened the way for recording more of the losses, amid the dominance of minor bearish wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the chances for the price’s decline on the near-term basis.
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The (USDJPY) price settled low in its last intraday trading, breaking the current support at 146.25, amid the dominance of a bearish correctional wave on the short-term basis, affected by breaking a bullish trend line, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI), after it success in offloading its oversold conditions previously, which allowed it to record more losses.
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The (GBPUSD) price kept rising in its last intraday trading, supported by the positive pressure that comes from its stability above its EMA50, besides its trading within a strong minor bullish wave on a short-term basis.
Despite this bullish momentum, the (RSI) indicates the price reaches overbought levels, which might form a temporary pressing factor on the upcoming trading, with a possibility for correction or stability to offload this condition before resuming the rise again.
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The price of Bitcoin (BTCUSD) settled high in its last intraday trading, after it succeeded in surpassing the negative pressure that comes from EMA50, to take advantage of its dynamic support that helps it to reinforce its positive stability.
This improvement is accompanied by the continuation of the main bullish trend on the short-term basis, and the price trading alongside a supportive bias line, besides the emergence of the positive signals on the (RSI), after reaching oversold levels previously.
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