The (USDCAD) price rose in its last intraday trading, amid its attempts to correct the main bearish trend with its trading alongside minor bias line on the short-term basis, to test the bias line besides reaching the resistance of EMA50, this comes with the (RSI) indicators’ reaching to exaggerated overbought levels compared to the price move, which increases the negative pressure on the pair’s moves.
The (USDJPY) price jumped high in its last intraday trading, supported by its continuous trading above its EMA50, affected by the return of the positive signals appearance on the (RSI), after its succeeded in offloading its overbought conditions in its previous trading, to breach a bearish correctional line on the short-term basis, reinforcing the chances for extending the bullish wave.
The (GBPUSD) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, and the price attempts to gain positive momentum that might assist it to breach the critical resistance at 1.3585, with the continuation of the dynamic support that is represented by its trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis.
The price of Bitcoin (BTCUSD) continued its strong rise its recent intraday trading, breaching consecutive resistance levels within a sharp buying wave, supported by its stability above its EMA50, and its continuation to move within bullish track alongside a minor bias line on the short-term basis.
This rise comes with the emergence of the positive signals on the (RSI), despite reaching overbought levels, which indicates the continuation of the bullish momentum and the strength of the demand in the markets.