GBPUSD receives positive push -Analysis-23-04-2025
the GBPUSD rose in its recent intraday trading, after it declined yesterday, attempting to look for a rising bottom to take it as a base that might help it to gain the required positive momentum to recover, to approach in its last trading from leaning on the support of the EMA50, which forms positive pressure that pushed the price to rebound to return its early losses into slight gains.
This came amid the dominance of the main bullish trend on the short-term basis, and the beginning of forming positive divergence on the (RSI), after reaching exaggerated oversold levels compared with the price current movement, and the beginning of positive overlapping signals on them.
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USDJPY suffers negative pressures -Analysis-23-04-2025
The USDJPY declined in its recent intraday trading, as it reached the resistance of its EMA50, which forces it to bounce lower to attempt to gain positive momentum that assist it to surpass the negative pressure, and it attempts to offload some of its clear overbought conditions that appear on the (RSI), especially with the emergence of negative overlapping signals.
This came due to the price affection by its exit from a minor bearish channel that limited its previous trading on a short-term basis.
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USDCAD suffers negative pressures -Analysis-23-04-2025
The USDCAD price declined in its last intraday trading, during its stability below the critical resistance, amid the dominance of the main bearish trend on the short term basis, and its trading alongside the minor trend line, beside the beginning of forming negative divergence on the (RSI), after reaching extreme overbought levels, exaggeratedly compared to the price movement, accompanied with the beginning of negative signals emergence, and amid the continuation of the negative pressure due to its trading below EMA50.
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AUDUSD shows more of the positive signals -Analysis-23-04-2025
The AUDUSD price jumped higher in its last intraday trading, due to its stability of the support of EMA50, providing positive momentum that assist it to recover and rise strongly, to settle again above the critical resistance at 0.6390, with the emergence of the positive signals on the (RSI), after reaching oversold levels, amid the dominance of the main bullish trend on the short term basis.
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