The (USDCAD) price witnessed a fluctuated trading in its last intraday trading, due to the stability of the support level at 1.3570, providing some positive momentum to recover its previous losses, attempting to offload some of its clear oversold conditions on the (RSI), especially with the beginning of the positive signals from them, this comes amid the continuation of the negative pressure that comes from its trading below its EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line.
The (USDJPY) price rose in its last intraday trading, amid its trading alongside a main bullish trend on the short-term basis, to succeed in its last rise to surpass he resistance of its EMA50, getting rid of its negative pressure, on the other hand, we notice the emergence of the negative overlapping signals on the (RSI), after reaching overbought levels, which makes its moves fluctuated due to the pressure that might decrease the upcoming gains.
The (GBPUSD) price declined sharply in its last intraday trading, after its attempts to gain the required positive momentum to assist it to attack the critical resistance level at 1.3600, to lean on the support of its EMA50.
This performance comes with the beginning of forming a positive divergence on the (RSI), after reaching oversold levels, besides the beginning of the positive signals on the indicators, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The price of Bitcoin (BTCUSD) rose slightly in its recent intraday trading, affected by a negative technical formation on the short-term basis that weakens the chances for the continuation of the recovery (rising wedge pattern), especially as it remains under the pressure of its trading below the EMA50, which forms a dynamic resistance against the rising attempts,
Noticing the continuation of the negative signals on the (RSI), after reaching overbought levels previously, reinforcing the possibilities for the return of the decline if the price couldn’t gather a real positive momentum that pushes it to breach the near resistance levels.