The (USDCAD) price declined in its last intraday trading, due to the stability of the key resistance of 1.3735, to gather the profits of its previous rises, attempting to gain bullish momentum that might help it to breach this resistance, and the price is attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, this comes amid the continuation of the positive pressure due to its trading above EMA50, under the dominance of minor bullish wave on short-term basis.

The GBPUSD rose during its latest intraday trading, amid the dominance of the main downward trend in the short term. The pair is moving alongside a supporting trend line for this path, while negative pressure continues as it trades below EMA50, which increases the negative pressure surrounding the pair.

The NZDUSD jumped higher during its latest intraday trading, as the pair attempts to recover part of the losses it previously suffered. At the same time, it is trying to ease its clear oversold condition on the relative strength indicators, especially as positive signals have started to appear.

USD/JPY edges lower after four days of losses, trading around 159.60 during the Asian hours on Monday. On the daily chart, technical analysis indicates a persistent bullish bias as the pair remains within the ascending channel pattern.

The USDJPY price declined during its latest intraday trading, as the pair attempts to gain positive momentum that may help it maintain the main upward trend in the short term, especially as it moves along a supporting trend line for this path. This comes with the continuation of positive dynamic support as the pair trades above EMA50.

The EURUSD pair rose during its latest intraday trading, in attempt to recover some of its previous losses, and attempting to offload the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals from them.

The dollar index fell toward 100 on Monday, trimming last week’s gains as reports that the US will soon announce a coalition of countries to escort ships through the Strait of Hormuz reduced demand for the safe-haven currency.Markets are also weighing the potential for US-Iran negotiations as the M…

The EUR/USD pair remains on the defensive around 1.1430 during the early Asian session on Monday. However, the potential upside for the major pair might be limited as escalating Middle East tensions could boost safe-haven flows.

With three decisive breakouts in the past two weeks, the narrative around USD/JPY has shifted back in strong favour of the bulls. Having cleared a prolonged period of consolidation, attention is now t…

The war in the Middle East intensified over the weekend, leading to opening gaps across the FX board.