USDCAD attacks the top of a minor bearish channel -Analysis-02-05-2025
The USDCAD settled in its recent intraday trading near yesterday’s highest level, attacking the top of the minor bearish channel that was limiting its previous trading on the short-term basis, accompanied with hitting the resistance of its EMA50, creating a strong resistance area that forced the price to rebound in attempt to gain the required positive momentum for this breach to surpass all of its negative pressures, and it attempts to offload some of the clear overbought conditions on the (RSI)
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AUDUSD moves in sideways range trading -Analysis-02-05-2025
The AUDUSD rose in its recent intraday trading, supported by the positive signals on the (RSI), to complete its moves in sideways range on short- term basis, between the resistance at 0.6440 and the support at 0.6340, moving around its EMA50, creating a confused area that will form the upcoming trend on the short-term basis in case of exiting it.
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NZDUSD attempts to offload its oversold condition -Analysis-02-05-2025
The NZDUSD rose in its recent intraday trading, due to its lean on the support of a bearish correctional channel, the price moves within its range on the short- term basis, attempting to recover some of its previous losses, and it attempts to offload some of its clear oversold conditions on the (RSI), especially, with the beginning of positive overlapping signal appearance, due to the negative pressure that comes from its trading below EMA50.
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USDCHF gets ready to attack key resistance -Analysis-02-05-2025
The USDCHF price rose in its recent intraday trading, supported by its trading alongside bullish correctional trend line on the short-term basis, taking advantage of the positive pressure that comes from its trading above EMA50, to get ready to attack the critical resistance at 0.8335, the price success in offloading some of the clear overbought conditions on the (RSI) reinforces the positive scenario, and provides better chances for the pair to achieve more of the gains.
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