Bitcoin (BTCUSD) Price Analysis

Expected Scenario

• Bitcoin price (BTCUSD) begins today with strong decline to succeed achieving our waited target at 56160.00$, and we notice that the price breaks this level to confirm the continuation of the bearish trend domination on the intraday and short term basis, opening the way to achieve additional negative targets that reach 51990.00$ as a next station.
• By taking a deeper look at the chart, we find that the price completes double top pattern now that might push the price to suffer more losses on the longer-term basis, which extend to 44650.00$ followed by 40950.00$ areas, taking into consideration that failing to consolidate below 56160.00$ might push the price to start recovery attempts and build bullish wave that targets testing 60330.00$ areas initially.

Expected Trading Range

Between 52000.00$ support and 57000.00$ resistance.

USDCHF Price Analysis

Expected Scenario

• The USDCHF price couldn’t manage to trade above 0.9014 level again, breaking below 0.8990 and heading towards achieving new bearish correction on the intraday basis, targeting 0.8885 areas as the next main station.
• Therefore, a bearish bias is suggested for today, supported by the price moving below the EMA50, with note that breaching 0.9014 would halt the current negative pressure and potentially push the price to recover.

Expected Trading Range

Between 0.8900 support and 0.9050 resistance.

NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price shows new bullish bias now, crawling towards our awaited target at 0.6140$, with expectations to surpass this level and achieve additional gains up to 0.6228$.
• We continue to suggest a bullish trend for the upcoming period, contingent upon the price maintaining stability above 0.6070$.

Expected Trading Range

Between 0.6070$ support and 0.6170$ resistance.

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price begins today positively to breach 0.6728$ level and attempt to hold above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, paving the way to achieve additional gains that reach 0.6800$.
• The EMA50 keeps supporting the suggested bullish wave, taking into consideration that failing to consolidate above 0.6728$ will put the price under negative pressure that might push it to visit 0.6640$ before any new positive attempt.

Expected Trading Range

Between 0.6690$ support and 0.6790$ resistance.