USDJPY gets ready to attack its current resistance -Analysis-08-05-2025
The (USDJPY) price settled on a rise in its recent intraday trading, supported by its trading above EMA50, and under the dominance of a bullish correctional wave on the short-term basis, alongside the bias line, the pair is preparing to attack the current resistance level at 144.00.
On the other hand, we notice the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought levels, which might decelerate the rise and provide chances for bearish correctional rebounds that the price attempt to use it to offload these overbought conditions and gain the required positive momentum to breach the mentioned resistance.
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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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