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Bitcoin price around the moving average – Analysis - 16-09-2019
Bitcoin price settles around the EMA50, moving inside the intraday bearish channel that appears on the chart, to keep the bearish trend scenario valid and active for the upcoming period, waiting to visit 9855.80 level mainly.
Holding below 10600.00 level is important to continue the expected decline, as breaching it will push the price to achieve gains that reach 11342.10 on the near term basis.
The expected trading range for today is between 9800.00 support and 10600.00 resistance
The expected trend for today: Bearish
The USDCHF within the bullish channel – Analysis - 16-09-2019
The USDCHF pair shows some bearish bias to test the bullish channel’s support line that appears on the chart, while the EMA50 provides the positive support to the price, to support the chances of bouncing bullishly and resume the main bullish trend, which targets visiting 0.9990 level mainly.
MoreThe NZDUSD breaks the support – Analysis - 16-09-2019
The NZDUSD pair broke 0.6390 support and settled below it, but it begins today with bullish bias in attempt to step above it again, getting positive support by stochastic, which encourages us to suggest the bullish bias in the upcoming sessions, which targets 0.6470 level mainly.
MoreThe AUDUSD around the resistance – Analysis - 16-09-2019
The AUDUSD pair continues to fluctuate at the bearish channel’s resistance, and the price still stuck between the trend keys represented by 0.6830 support and 0.6885 resistance, as the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.
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