Bitcoin price showed positive trades yesterday to test the bullish channel’s resistance that appears on the above chart, located now at 11685.00, as the EMA50 meets this level to add more strength to it, accompanied by witnessing clear overbought signals through stochastic.

Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin by breaking 10748.00 level to confirm opening the way to head towards 8643.00, taking into consideration that breaching 11685.00 will stop the expected decline and lead the price to achieve positive targets that begin at 12852.65.

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

Expected trend for today: Bearish

The USDCHF pair succeeded to reach our waited target at 0.9418 and settles there now, falling under strong negative pressure that makes us suggest the continuation of the bearish trend domination for the upcoming period, noting that confirming breaking this level will extend the pair’s losses to reach 0.9250 as a next station.

Therefore, the bearish trend will remain expected on the intraday and short term basis unless the price managed to breach 0.9564 and hold above it.

Expected trading range for today is between 0.9340 support and 0.9500 resistance.

Expected trend for today: Bearish

The NZDUSD pair showed mixed trades and strong decline on yesterday’s evening to move below 0.7375 level, but it begins today with clear bullish bias to surpass the mentioned level, hinting the continuation of the bullish trend that moves organized inside the bullish channel that appears on the chart.

Therefore, we believe that the chances are valid to continue the bullish trend in the upcoming sessions, supported by stochastic approach to the oversold areas, reminding you that our next target is located at 0.7558, while achieving it conditions holding above 0.7310 and 0.7261 levels.

Expected trading range for today is between 0.7300 support and 0.7460

Expected trend for today: Bullish

The AUDUSD pair continues the bullish rally to reach the thresholds of the previously recorded top at 0.8125, and continues to move inside the bullish channel that appears on the chart, which reinforces the chances of surpassing the mentioned level and extend the bullish wave to reach 0.8200 as a next station.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions, supported by the EMA50, conditioned by holding above 0.7995 and the most important above 0.7936 levels.

Expected trading range for today is between 0.7995 support and 0.8200

Expected trend for today: Bullish