USDCAD breaches the top of a positive technical formation -Analysis-08-05-2025
The (USDCAD) price declined slightly in its recent intraday trading, to gather the gains of its previous rises, and attempts to gain positive momentum that might assist it to recover and rise again.
The price is affected by breaching a previously- formed positive technical formation on the short-term basis, which is the falling wedge pattern, accompanied by surpassing the resistance of its EMA50, to get rid of its negative pressure.
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AUDUSD gets some support -Analysis-08-05-2025
The (AUDUSD) price rose in its recent intraday trading, affected by its lean on the support of its EMA50, which provided some positive momentum that assisted it to achieve some of that gains, to target recovering some of its previous losses, and it attempts to offload some of its oversold levels on the (RSI), especially with the emergence of the positive signals from them.
The price is affected by a negative technical pattern that was formed on the short-term basis, which is the rising wedge pattern, amid bearish correctional wave domination.
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NZDUSD attempts to recover some of its losses -Analysis-08-05-2025
The (NZDUSD) price rose in its recent intraday trading, 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 signals emergence.
This comes due to the effect of breaking a bullish bias line previously on the short-term basis, besides its trading below EMA50, which forms extra negative pressure on the price in the upcoming trading.
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USDCHF attempts to surpass its negative pressure -Analysis-08-05-2025
The (USDCHF) price settled on a rise in its recent intraday trading, by the stability of the pair above the key support level of 0.8200, which provides positive momentum on the short-term basis, amid the dominance of a bullish correctional wave, with the beginning of the positive signals emergence on the (RSI), after reaching oversold levels, which makes the price attempts to get rid of the negative pressure of EMA50, to announce its recovery and resume the rise.
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