Bitcoin price shows sideways and tight trades since yesterday, settling below 10000$ barrier, while the EMA50 keeps pushing negatively on the price.

Until now, the bearish trend scenario still valid as long as the price remains stable below 10748.00 and the most important 11160.00, noting that our next target is located at 8643.35, which breaking it represents negative factor that will push the price to head towards 6039.30 as a next main station.

Expected trading range for today is between 8600.00 support and 10748.00 resistance

Expected trend for today: Bearish

The USDCHF pair provided negative trades yesterday to test the recently recorded low at 0.9288, and the price falls under continuous negative pressure formed by the EMA50, which keeps our bearish overview valid until now, reminding you that our waited targets begin at 0.9250 and extend to 0.9035 on the near term basis.

In general, the bearish trend will remain suggested unless breaching 0.9418 level and holding with a daily close above it.

Expected trading range for today is between 0.9240 support and 0.9380 resistance.

Expected trend for today: Bearish

The NZDUSD pair could not manage to hold for long time above 0.7375, to trade negatively and move below it again, noticing that the EMA50 managed to form good support base to stop the price’s last decline, while stochastic reaches the oversold areas’ thresholds now.

Therefore, we believe that the chances are valid to resume the main bullish trend in the upcoming sessions, noting that our next main target reaches 0.7558, while holding above 0.7340 represents the first condition to achieve it.

Expected trading range for today is between 0.7300 support and 0.7470

Expected trend for today: Bullish

The AUDUSD pair traded with clear negativity on yesterday’s evening to push on the bullish channel’s support, and the price keeps the stability of the daily close above the mentioned support line until now, noticing that the EMA50 keeps the attempts to protect the price from suffering more losses, while stochastic approach to provide positive overlapping signal.

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which its targets begin at 0.8125 and extend to 0.8200, taking into consideration that closing the daily candlestick below 0.8050 will stop the expected rise and push the price to test 0.7936 areas before any new attempt to rise.

Expected trading range for today is between 0.7970 support and 0.8140

Expected trend for today: Bullish