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Ethereum within intraday bearish channel – Analysis - 16-03-2018

Economies.com
2018-03-16 05:03AM UTC

Ethereum price fluctuates near 565.54 level, and the price moves inside intraday bearish channel that appears on the chart, which organizes the recent bearish wave, supported by the EMA50 that pushes negatively on the price, waiting to break the mentioned level to confirm opening the way to head towards 492.00 as a next station.

 

Therefore, we will continue to suggest the bearish trend in the upcoming period conditioned by holding below 663.12.

 

Expected trading range for today is between 530.00 support and 660.00 resistance

Expected trend for today: Bearish

Bitcoin loses momentum – Analysis - 16-03-2018

Economies.com
2018-03-16 05:03AM UTC

Bitcoin price settles around 8100.00$ level, and the price keeps its stability below 8643.35 level, to keep the negative pressure valid until now, supported by stochastic losing the positive momentum gradually, besides the negative pressure formed by the EMA50.

 

Therefore, the bearish trend will remain suggested in the upcoming sessions conditioned by the price stability below 8643.35, noting that we are waiting to visit 6039.30 level as a next station.

 

Expected trading range for today is between 7000.00 support and 8640.00 resistance

Expected trend for today: Bearish

USDCHF breaches the resistance – Analysis - 16-03-2018

Economies.com
2018-03-16 05:03AM UTC

The USDCHF pair rallied upwards clearly yesterday to breach 0.9488 level and settles above it, opening the way to extend the bullish correction on the intraday and short term basis, to head towards testing 0.9581 level as a next station.

 

Therefore, the bullish trend will be expected in the upcoming sessions, supported by the EMA50 that reinforces the continuation of moving inside the bullish channel that appears on the chart, noting that the continuation of the expected rise depends on the price stability above 0.9488 and 0.9445 levels.

 

Expected trading range for today is between 0.9445 support and 0.9581 resistance.

 

Expected trend for today: Bullish

 

NZDUSD breaks the support – Analysis - 16-03-2018

Economies.com
2018-03-16 05:03AM UTC

The NZDUSD pair broke 0.7281 level strongly and settled below it, to turn the intraday trend to decline, targeting heading towards 0.7185 level again, which represents 38.2% Fibonacci correction level for the rise measured from 0.6779 to 0.7436.

 

Therefore, we are waiting for more decline in the upcoming sessions unless we witnessed clear breach and hold above 0.7281.

 

Expected trading range for today is between 0.7150 support and 0.7320

 

Expected trend for today: Bearish