GBPUSD shows negative behavior -Analysis-28-04-2025
The GBPUSD price declined in its recent intraday trading, to test the support of its EMA50, which provides temporary stability amid the dominance of a bearish correctional wave on a short- term basis.
This performance came after the appearance of a reversing negative technical formation for the main bullish trend, which is the head and shoulders pattern, where the price is approaching from testing the neckline of this pattern, amid the emergence of the negative signals from (RSI), and that reinforces the possibilities for the weakness of the positive momentum.
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USDJPY attempt to offload its overbought conditions -Analysis-28-04-2025
The USDJPY price declined slightly in its recent intraday trading, continuing its move alongside bearish trend line on the short- term basis, in attempt to gain positive momentum that supports the recovery track and completing the bullish correctional wave strongly.
This performance came while the price attempted to offload its clear overbought condition on the (RSI), especially with the beginning of the emergence of the negative signals, which might temporarily decelerate its ability to move higher.
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USDCAD attempts to exit a bearish channel’s range -Analysis-28-04-2025
The USDCAD price rose in its recent intraday trading, taking advantage of leaning on the support of its EMA50, beside the beginning of the emergence of positive overlapping signals on the (RSI), which added more bullish momentum on its moves.
This rise came with the price attempt to breach the top of a minor bearish channel that was limiting its move on the short-term basis, which confirms resuming the bullish correctional wave.
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AUDUSD exhausting its positive chances -Analysis-28-04-2025
The AUDUSD price declined in its recent intraday trading, after it failed to breach the critical stubborn resistance at 0.6390, amid the emergence of the negative signals from the (RSI), which shows the weakness of the current positive momentum.
The price attempts to settle leaning on the support of the EMA50, seeking a chance for gaining new momentum that might support the upside moves, amid the domination of the main bullish trend on a short- term basis
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