The (GBPUSD) price declines in its recent intraday trading, affected by reaching the resistance of its EMA50, which put it under negative pressure, especially with the dominance of a bearish correctional wave on the short-term basis, besides the emergence of negative overlapping signals on the short-term basis, besides the reaching exaggerated overbought levels compared by the price move, which indicates the beginning of forming a negative divergence, which reinforces the bearish trend scenario.
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The (USDJPY) price surges in its recent intraday trading, to settle again above the resistance at 145.52, representing 50%Fiboancci correction level for the last bearish wave on the short-term basis (from 151.20 to 139.88).
This performance comes from the price trading alongside a bullish correctional trend line on a short-term basis, with the continuous positive pressure due to its trading above its EMA50, besides the emergence of the positive signals on the (RSI), after offloading the price’s clear overbought conditions.
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The (USDCAD) price rose slightly in its recent intraday trading , amid its stability above the critical resistance at 1.3900, to attempt to gain positive momentum that might supports it to resume the bullish correctional rise on the short-term basis, affected by a main bearish trend line previously, and there is a continuous positive support due to its trading above EMA50, accompanied by the positive signals on the (RSI), despite its stability on overbought levels.
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The (AUDUSD) price fluctuated in its recent intraday trading settled on a slight rise, after retesting the key resistance at 0.6435, accompanied by reaching the resistance of its EMA50, which increased the negative pressure on the pair, amid the dominance of a bearish correctional wave on the short-term basis, affected by the negative double top pattern, besides the emergence of the negative signals on the (RSI).
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