USDCAD suffers negative pressures -Analysis-23-04-2025
The USDCAD price declined in its last intraday trading, during its stability below the critical resistance, amid the dominance of the main bearish trend on the short term basis, and its trading alongside the minor trend line, beside the beginning of forming negative divergence on the (RSI), after reaching extreme overbought levels, exaggeratedly compared to the price movement, accompanied with the beginning of negative signals emergence, and amid the continuation of the negative pressure due to its trading below EMA50.
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AUDUSD shows more of the positive signals -Analysis-23-04-2025
The AUDUSD price jumped higher in its last intraday trading, due to its stability of the support of EMA50, providing positive momentum that assist it to recover and rise strongly, to settle again above the critical resistance at 0.6390, with the emergence of the positive signals on the (RSI), after reaching oversold levels, amid the dominance of the main bullish trend on the short term basis.
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NZDUSD begins to recover -Analysis-23-04-2025
The NZDUSD price rose in its recent intraday trading, after its decline yesterday, attempting to look for a rising bottom to support gaining the required positive momentum for its recovery, amid the domination of the main bullish trend on the short- term basis, with the continuation of the positive support due to its trading above its EMA50.
Noticing the emergence of positive overlapping signals on the (RSI), after reaching exaggerated oversold levels compared to the price current move, which suggest the begin of forming positive divergence, reinforcing the positive scenario.
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USDCHF declines affected by a key resistance -Analysis-23-04-2025
USDCHF price declined in its last intraday trading, due to the stability of the key resistance at 0.8255, attempting to gain positive momentum that help it to breach this resistance, in the same time, the price attempts to offload some of its clear overbought conditions on the (RSI), especially with the emergence of negative signals from there, amid the price affection by breaching a bearish bias line on the short term basis, and its exit from a minor bearish channel’s range. The price gets advantage from the positive support that comes from its trading above EMA50.
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