USDJPY in a truce to catch its breath -Analysis-09-05-2025
The (USDJPY) price declined in its recent intraday trading, attempting to gather the gains of its previous rises, to gather its positive strength that might help it to resume the strong bullish wave, and it attempts to offload some of its clear overbought conditions on the (RSI).
This performance comes amid the dominance of the bullish correctional trend on the short-term basis, with its stability above the resistance of 145.50, this level represents 50% Fibonacci correction level for the last bearish wave on the short-term basis(from 151.20 to 139.88)
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USDCAD extends its gains -Analysis-09-05-2025
The (USDCAD) price rose in its recent intraday trading, to confirm breaching the key resistance at 1.3900, amid the dominance of a bullish correctional wave on the short-term basis, affected by a positive technical pattern that was formed on the short-term basis (the falling wedge pattern), supported by its continuous trading above its EMA50.
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AUDUSD deepens its losses -Analysis-09-05-2025
The (AUDUSD) price continued its decline in its recent intraday trading, affected by the previously- formed negative technical pattern on the short-term basis, which is the double top pattern. A dominant bearish correctional wave still extended by continuous negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the (RSI), despite entering oversold levels.
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NZDUSD breaks the support of double top -Analysis-09-05-2025
The (NZDUSD) price deepens its losses in its recent intraday trading, amid the continuation of the negative pressure due to its trading below the EMA50, with the emergence of the negative signals on the (RSI), despite reaching oversold levels, to surpass the critical support at 0.5890 level, this level forms a neckline of a negative technical formation that reverses the main bullish trend, which is the double top pattern.
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