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Bitcoin price (BTCUSD) shows mixed trades – Forecast today - 22-08-2024

Economies.com
2024-08-22 03:47AM UTC

Bitcoin price (BTCUSD) ended yesterday with clear positivity to breach 60326.70$ level, but we notice that the price declines again to move below this level, which keeps the chances valid to continue the intraday bearish trend, which targets 56160.00$ as a next main station.

 

Stochastic shows negative signals that support the continuation of the expected decline, noting that confirming breaching 60326.70$ will stop the negative scenario and lead the price to recover and achieve gains that start by testing 62600.00$ areas and might extend to reach 65483.00$.

 

The expected trading range for today is between 58500.00$ support and 62000.00$ resistance.

 

Trend forecast: Bearish

The USDCHF price resumes the decline – Forecast today - 22-08-2024

Economies.com
2024-08-22 03:46AM UTC

The USDCHF price provided new negative trades to confirm breaking 0.8543 level and move away from it, reinforcing the expectations of continuing the bearish trend in the upcoming period, waiting to visit 0.8430$ as a next main target.

 

Stochastic current positivity might cause sideways fluctuation before resuming the expected bearish trend, which will remain valid unless the price rallied to breach 0.8543 and hold above it.

 

The expected trading range for today is between 0.8450 support and 0.8580 resistance.

 

Trend forecast: Bearish

The NZDUSD price awaits more rise – Forecast today - 22-08-2024

Economies.com
2024-08-22 03:46AM UTC

The NZDUSD price provided clear positive trades yesterday to touch 0.6175$ level, and returns to test the key support base 0.6140$, affected by the RSI negativity, and as we mentioned yesterday, the price needs to hold above this support to keep the bullish trend active, which targets 0.6228$ as a next main target.

 

The EMA50 supports the continuation of the suggested positive scenario, while breaking 0.6140$ will turn the intraday track to decline to head towards 0.6070$ areas before any new attempt to rise.

 

The expected trading range for today is between 0.6110$ support and 0.6210$ resistance

 

Trend forecast: Bullish

The AUDUSD price tests the support – Forecast today - 22-08-2024

Economies.com
2024-08-22 03:46AM UTC

The AUDUSD price continues to fluctuate at 0.6728$ support line and still consolidated above it, to keep the bullish trend scenario active for the upcoming period, supported by stochastic positivity, waiting to visit 0.6800$ as a next main target.

 

On the other hand, we should note that breaking 0.6728$ and holding below it will stop the expected rise and push the price to start bearish wave that targets testing 0.6640$ areas mainly.

 

The expected trading range for today is between 0.6690$ support and 0.6790$ resistance

 

Trend forecast: Bullish