GBPUSD gets advantages from the support-Analysis-24-04-2025
The GBPUSD rose in its last intraday trading, amid the price attempts to form rising low that might form a technical support base that help it to regain the required positive momentum to complete its bullish track.
This rebound is supported by the price lean on the EMA50, which reinforces the chances for recovery, besides the continuation of the dominant bullish trend on a short-term basis.
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USDJPY gathers deserved gains -Analysis-24-04-2025
The USDJPY price declined slightly in its last intraday trading, in a correctional move to catch its breath and gather gains after the consecutive losses, where the price attempts to gain new positive momentum that supports resuming the bullish correctional trend.
This decline came from the price affection by its exit from minor bearish channel that limits its movement on the short-term basis, with the continuation of the positive signals emergence on the (RSI), despite reaching overbought levels.
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USDCAD gathers its positive strength -Analysis-24-04-2025
The USDCAD declined slightly in its recent intraday trading, in attempt to gain positive momentum that might support the correctional rise, amid its affection by the formed positive technical formation on the short- term basis (the falling wedge pattern), supported by its trading above EMA50, besides the emergence of the positive signals on the (RSI), despite reaching the overbought levels.
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AUDUSD suffers negative pressures -Analysis-24-04-2025
The AUDUSD price declined in its last intraday trading, affected by the stability of the critical resistance at 0.6390 level, which forms a barrier against the rise attempts, which makes the price decline surpassing the support of the EMA50, increasing the negative pressure on its moves.
This decline came amid the emergence of the negative signals on the (RSI), reinforcing the formation of negative technical formation, which is the double top pattern, approaching from the neckline of the technical pattern at 0.6350 support level.
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