Bitcoin price continues to fluctuate around the bearish channel’s resistance, and the EMA50 meets this resistance to protect the continuation of trading inside the mentioned channel, to keep the chances valid to continue the bearish trend on the intraday and short term basis, waiting to break 10748.00 level to confirm opening the way to head towards 8643.00 level.

Therefore, we will continue to suggest the bearish trend for today unless breaching 11575.00 level and holding above it.

Expected trading range for today is between 10000.00 support and 12500.00 resistance

Expected trend for today: Bearish

The USDCHF pair suffered strong losses yesterday after confirming breaking 0.9418 level, to approach our next waited target at 0.9250 and rebounds upwards clearly to settle near 0.9418, and as long as the price is below the last level, the negative pressure will remain dominant in the upcoming sessions.

Stochastic loses its positive momentum clearly to reach the overbought areas, to provide negative motive that we are waiting to assist to push the price to resume the expected bearish trend.

Expected trading range for today is between 0.9300 support and 0.9560 resistance.

Expected trend for today: Bearish

The NZDUSD pair tested the bullish channel’s support line and kept its stability above it, to keep the bullish trend scenario valid until now, supported by the EMA50 that keeps carrying the price from below, and the price needs to breach 0.7375 to confirm extending the bullish wave towards 0.7558.

The continuation of the expected bullish trend depends on holding above 0.7310 and 0.7261 levels, as breaking these levels will push the price to achieve negative targets that start at 0.7167.

Expected trading range for today is between 0.7261 support and 0.7440

Expected trend for today: Bullish

The AUDUSD pair begins today’s trading with bullish bias after approaching the bullish channel’s support that appears on the chart, as the price gets good support by the EMA50, while stochastic moves near the oversold areas.

Therefore, the bullish trend scenario will remain active for the upcoming period, and breaching 0.8125 will open the way to head towards 0.8200 as a next station, while the expected rise will remain valid unless breaking 0.7995 followed by 0.7936 levels and holding below them.

Expected trading range for today is between 0.7995 support and 0.8150

Expected trend for today: Bullish