Ethereum price managed to break 821.06 level and settles below it, which supports our bearish trend expectations for the upcoming period, paving the way to head towards 723.48 that represents our next main target.
Therefore, the bearish trend will remain dominant for today, supported by the negative pressure formed by the EMA50, unless breaching 881.42 level and settling above it.
Expected trading range for today is between 770.00 support and 840.00 resistance
Expected trend for today: Bearish
Bitcoin price fluctuates around the key resistance 10748.00, and the EMA50 attempts to protect the price from achieving more decline, to keep the bullish trend valid until now, supported by stochastic move inside the oversold areas.
Therefore, we are waiting for positive trades in the upcoming sessions, as our next target is located at 12852.65, while breaking 10748.00 represents negative factor that will push the price to decline towards 8643.35 initially.
Expected trading range for today is between 10000.00 support and 11600.00 resistance
Expected trend for today: Bullish
The USDCHF pair continues to fluctuate around the EMA50, starting today with slight bearish bias on its way to test the key support at 0.9345, which forms the neckline of the head and shoulders’ pattern that its signs appear on the chart, which means that breaking this support will confirm the continuation of the bearish trend in the upcoming sessions and push the price towards our main waited target at 0.7186 direct.
Therefore, our bearish overview will remain valid and active unless breaching 0.9415 level and holding above it.
Expected trading range for today is between 0.9280 support and 0.9415 resistance.
Expected trend for today: Bearish
The NZDUSD pair rallied upwards clearly yesterday to attack 0.7281 level and settles above it, but it begins today with bearish bias affected by stochastic negativity, to move below the mentioned level, which keeps the chances valid to continue the correctional bearish trend in the upcoming period, waiting to head towards 0.7185 as a first station.
Therefore, we will continue to suggest the correctional bearish trend unless the price ends today’s trading above 0.7281.
Expected trading range for today is between 0.7185 support and 0.7330
Expected trend for today: Bearish