Ethereum price shows calm negative trading to approach 821.06 level gradually, and the price needs to break this level to confirm extending the bearish wave towards 723.48.
The EMA50 continues to push negatively on the price to support the expectations to decline, which keeps the bearish trend scenario valid and active for the upcoming period conditioned by the price stability below 884.42.
Expected trading range for today is between 800.00 support and 880.00 resistance
Expected trend for today: Bearish
Bitcoin price shows calm bullish bias, organized inside the bullish channel that appears on the chart, noticing that the price rebounds from the recently recorded top at 11780.00, which might force the price to lean on the bullish channel’s support before resuming the positive attempts.
In general, we believe that the chances are valid to continue the bullish trend on the intraday and short term basis conditioned by the price stability above 10748.00 level, noting that our next main target reaches to 12852.65.
Expected trading range for today is between 10748.00 support and 12850.00 resistance
Expected trend for today: Bullish
The USDCHF pair shows sideways trading around the EMA50, noticing that the EMA50 shows clear negative signals on the four hours’ time frame, while the price settles below the intraday bullish channel’s support line that appears on the chart.
Therefore, we will continue to suggest the bearish trend in the upcoming period conditioned by the price stability below 0.9440 level, noting that breaking 0.9373 is required to confirm the extension of the bearish wave towards 0.9186.
Expected trading range for today is between 0.9300 support and 0.9460 resistance.
Expected trend for today: Bearish
The NZDUSD pair’s recent trades are confined within bearish pennant pattern that its signs appear on the chart, which means that breaking 0.7215 will motivate the price to continue the correctional bearish trend and break 0.7185 level to push trading towards 0.7107 as a next main station.
The EMA50 forms continuous negative pressure against the price, while stochastic loses its bullish momentum clearly, thus, we believe that the chances are valid to resume the bearish trend in the upcoming sessions, reminding you that holding below 0.7281 is important to achieve the suggested targets.
Expected trading range for today is between 0.7150 support and 0.7300
Expected trend for today: Bearish