Bitcoin (BTCUSD) Price Analysis

Expected Scenario

• Bitcoin price (BTCUSD) opens today’s trading with new strong decline to achieve our first waited negative target at 58200.00$, waiting for more decline to head towards 56160.00$ that represents 50% Fibonacci correction level for the entire rise measured from 38500.56$ to 73817.92$.
• Therefore, we expect the continuation of the bearish trend domination in the upcoming sessions, organized inside the bearish channel that appears on the chart, noting that breaching 60330.00$ will stop the expected decline and push the price to build bullish wave that targets testing 63260.00$ areas initially.

Expected Trading Range

Between 56160.00$ support and 60330.00$ resistance.

USDCHF Price Analysis

Expected Scenario

• The USDCHF price faced strong negative pressure yesterday to attack 0.9014 level and attempts to break it, but it closed the daily candlestick exactly at this level, noticing that the technical indicators provide positive signals that we expect to assist to push the price to rise again.
• Therefore, we expect to witness positive trading in the upcoming sessions, its next main target located at 0.9200, taking into consideration that breaking 0.8990 will stop the expected rise and put the price under the correctional bearish pressure again.

Expected Trading Range

Between 0.8950 support and 0.9090 resistance.

NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price approached the waited positive target at 0.6140$, showing sideways trades to settle around the EMA50, waiting to resume the bullish bias to test the mentioned level initially, reminding you that breaching it will push the price towards 0.6228$ on the near-term basis.
• Holding above 0.6070$ is important to the continuation of the expected rise, as breaking it will push the price to decline again and head to target 0.6000$ areas mainly.

Expected Trading Range

Between 0.6070$ support and 0.6170$ resistance.

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price faced solid resistance at 0.6728$, to show temporary sideways trades, settling above 0.6700$ barrier, waiting to gather enough positive momentum to push the price to breach the mentioned resistance followed by rallying towards 0.6800$ as a next main target.
• Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 0.6700$ will push the price to turn to decline and head to test 0.6640$ areas before any new attempt to rise.

Expected Trading Range

Between 0.6670$ support and 0.6770$ resistance.