The USDJPY witnessed limited sideways range trading on the intraday levels, settled by the stability of the current support at 140.70, which helped it to steadfast and attempt to offload the appear oversold conditions on the (RSI), it made it due to the (RSI) reach exaggerated overbought levels compared to the limited move of the price.
Amid the dominance of the main bearish trend on the, and its trading alongside minor trendline on the short-term basis, reinforcing the negative scenario.
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
This signal is provided by Best Trading Signal, and we are not responsible for any losses. This is for illustrative purposes only.
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
The USDCAD declined slightly in its recent trading on the intraday levels, before retesting the key resistance at 1.3850, and the stability of this resistance led the price to rebound, especially after the beginning of the emergence of negative overlapping signals on the (RSI), then reaching the overbought levels, exaggeratedly compared with the price movement, which suggest the beginning of forming negative divergence, which will increase the negative pressures.
Amid the dominance of the main bearish trend on the short term basis, and its trading alongside the trendline, beside the continuation of the negative pressure due to its trading below the EMA50.
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
The AUDUSD price moved higher slightly in its recent trading on the intraday levels, after it succeeded in its last trading to offload some of its clear overbought conditions on the (RSI), with the emergence of positive overlapping signals, within the stability of its trading above the key resistance at 0.6390, confirming breaching it, amid the dominance of the main bullish trend on the short-term basis.
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.