The (USDCAD) price settled low in its last intraday trading, after its exit from the bullish correctional channel that was supporting its previous trading on the short-term basis, the price suffers intensive negative pressure due to its trading below its EMA50, to lean on the current support level at 1.3630, providing some positive momentum that assists it to recover some of its previous losses, besides its attempt to offload some of its clear oversold conditions on the (RSI).
The (USDJPY) price settled low in its last intraday trading, after it failed to keep its early gains that it got it by offloading its clear oversold conditions on the (RSI), which opens the way for recording more of the declines, amid the dominance of a minor sharp bearish wave on the short-term basis, suggesting the strength of the negative momentum, besides the continuation of the negative pressure due to its trading below EMA50.
The (GBPUSD) price rose in its last intraday trading, after offloading its clear overbought condition on the (RSI) in its previous trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, besides the continuation of the positive pressure that comes from its trading above its EMA50, reinforcing the stability of the bullish track.
The price of Bitcoin (BTCUSD) declined in its recent intraday trading, attempting to gain the required bullish momentum that might support it to regain its bullish track and recover its last decline, affected by the exit from the bearish correctional channel’s range that limited its previous moves on the short-term basis, providing some flexibility for the bullish trading.
The price keeps getting support from its stability above EMA50, accompanied by the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, to suggest forming a positive divergence that might be the starting point for upcoming bullish moves.