Ethereum price succeeded to reach our main waited target at 723.48, noticing that the price completed forming double top pattern that appears on the above chart, which means that the price will face more expected negative pressure in the upcoming period, and breaking the mentioned level will extend Ethereum price losses to reach 663.10 and extend to 565.54 on the short term basis.

Therefore, we expect the continuation of the bearish trend unless the price managed to breach 821.06 followed by 881.42 levels and hold above them.

Expected trading range for today is between 680.00 support and 780.00 resistance

Expected trend for today: Bearish

Bitcoin price traded with strong negativity on yesterday’s evening to confirm breaking 10748.00 level and settles below the bearish trend line that appears on the above chart, to head towards achieving more decline on the intraday and short term basis, and the way is open to test 8643.35 level that represents the next main station.

Therefore, the bearish trend will be expected in the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 10748.00 will stop the current pressure and push the price to achieve gains again.

Expected trading range for today is between 8600.00 support and 10200.00 resistance

Expected trend for today: Bearish

The USDCHF pair traded positively yesterday to breach 0.9415 level and settles above it, to cancel the negative formation mentioned in our last report, and the price is stuck now between the key levels represented by 0.9373 support and 0.9488 resistance, as it needs to breach one of these levels to detect the next destination clearly.

Therefore, we will stay aside until we get clearer signal for the next trend, and the contradiction between the EMA50 positivity and stochastic negativity provides another reason for neutrality, noting that breaching 0.9488 will push the price for more bullish correction that its next target located at 0.9581, while breaking 0.9373 will bring the price back to the main bearish track that its next main target located at 0.9186.

Expected trading range for today is between 0.9360 support and 0.9500 resistance.

Expected trend for today: Depends on the above mentioned levels

The NZDUSD pair begins today’s trading positively to move above 0.7281 level, as the price is affected by the double bottom pattern that was completed previously, which its signs appear on the above chart, supporting the chances of achieving more gains in the upcoming sessions, to start the positive targets at 0.7335 and extend to 0.7436.

Therefore, we expect witnessing positive trades for today unless breaking 0.7281 and holding above it again.

Expected trading range for today is between 0.7200 support and 0.7380

Expected trend for today: Bullish