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Bitcoin price (BTCUSD) surpasses the target – Forecast today - 29-10-2024

Economies.com
2024-10-29 04:12AM UTC

Bitcoin price (BTCUSD) opens today with strong rise to surpass our waited target at 70000.00$ and confirm opening the way to achieve more expected gains on the intraday and short-term basis, on its way to visit 73360.00$ - 73818.00$ levels as next main stations.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, which gets continuous support by the EMA50, noting that breaking 68830.00$ will stop the bullish rally and push the price to achieve some bearish correction before turning back to rise again.

 

The expected trading range for today is between 70000.00$ support and 73000.00$ resistance.

 

Trend forecast: Bullish

The USDCHF price faces negative pressure – Forecast today - 29-10-2024

Economies.com
2024-10-29 04:12AM UTC

The USDCHF price faced negative pressure in the previous sessions to break 0.8673 level and settle below it, which represents the first protection factor to the recently suggested positive scenario, as it tests the second key support at 0.8645 now, and the EMA50 meets this level to add more strength to it, accompanied by stochastic entering the oversold areas.

 

Therefore, these factors encourage us to suggest the rise in the upcoming sessions, which targets 0.8730 followed by 0.8778 levels as next main stations, noting that breaking 0.8645 will put the price under additional negative pressure to head towards visiting 0.8543 areas on the near-term basis.

 

The expected trading range for today is between 0.8600 support and 0.8720 resistance.

 

Trend forecast: Bullish

The NZDUSD price tests the resistance – Forecast today - 29-10-2024

Economies.com
2024-10-29 04:11AM UTC

The NZDUSD price tested 0.6000$ level and bounced bearishly from there, to resume the expected bearish trend on the intraday basis, which its next target located at 0.5915$.

 

The bearish channel supports the continuation of the expected decline, which gets good support by the EMA50, reminding you that breaching 0.6000$ will stop the bearish wave and push the price to turn to rise.

 

The expected trading range for today is between 0.5910$ support and 0.6010$ resistance

 

Trend forecast: Bearish

The AUDUSD price keeps declining – Forecast today - 29-10-2024

Economies.com
2024-10-29 04:11AM UTC

The AUDUSD price shows more bearish bias within the bearish channel that appears on the chart, which supports the continuation of the expected bearish trend on the intraday and short-term basis, and the way is open to head towards our main waited target at 0.6500$.

 

The EMA50 keeps supporting the suggested bearish wave, which will remain valid conditioned by the price stability below 0.6625$.

 

The expected trading range for today is between 0.6520$ support and 0.6610$ resistance

 

Trend forecast: Bearish