Bitcoin price kept declining yesterday to test the EMA50 that forms good support to protect the price from suffering more losses, meeting the bullish channel’s support line that appears on the chart, accompanied by witnessing clear oversold signals through stochastic.

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, noting that our next target reaches 12852.65, while breaking 10485.00 represents negative factor that will push the price to test 8643.35 areas before any new attempt to rise.

Expected trading range for today is between 10000.00 support and 11500.00 resistance

Expected trend for today: Bullish

The USDCHF pair shows positive trading to approach our first waited target at 0.9424 gradually, noticing that the EMA50 provides positive support to the price, while stochastic overlaps positively on the four hours’ time frame, which supports the chances of breaching the mentioned level followed by opening the way to head towards our next target that reaches 0.9530.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 0.9300 level and holding below.

Expected trading range for today is between 0.9320 support and 0.9480 resistance.

Expected trend for today: Bullish

The NZDUSD pair traded with clear negativity yesterday to approach the key support 0.7281, as the price moves within minor bearish channel that appears on the chart, falling under the EMA50 negative pressure now, which urges caution from the upcoming trading, as breaking the mentioned support will force the price to return to the correctional bearish track and target 0.7185 level as a next station.

On the other hand, breaching 0.7380 will complete forming bullish flag pattern that has the ability to push the price to resume the main bullish trend that its main targets begin at 0.7436 and extend to 0.7550.

Therefore, we prefer staying aside temporarily until the price confirms its next destination clearly through breaching one of the next trend keys represented by 0.7281 support and 0.7380 resistance.

Expected trading range for today is between 0.7220 support and 0.7400

Expected trend for today: Depends on the above mentioned levels

The AUDUSD pair managed to achieve our first waited target at 0.7820 and broke it to settle below it now, which confirms opening the way to head towards our next target at 0.7726, supported by the negative pressure formed by the EMA50.

Therefore, the bearish bias will remain dominant in the upcoming period, noting that breaching 0.7820 will push the price to start recovery attempts and achieve positive targets that begin by testing 0.7936.

Expected trading range for today is between 0.7726 support and 0.7860

Expected trend for today: Bearish