Bitcoin price breached the intraday bearish channel’s resistance to head towards potential test to the most important resistance at 10600.00, accompanied by stochastic loss to the positive momentum and moving inside the overbought areas, waiting to motivate the price to resume the main bearish trend, which its first target located at 9855.80.
We should note that breaching 10600.00 and holding above it will stop the suggested negative scenario and lead the price to turn to rise.
The expected trading range for today is between 9800.00 support and 10600.00 resistance
The expected trend for today: Bearish
The USDCHF pair provided negative trades yesterday affected by stochastic negativity, while it moves inside bullish channel that its signs appear on the chart, which supports the chances of continuing the main bullish trend, waiting to visit 0.9990 level as a next main station.
MoreThe NZDUSD pair provided negative trades yesterday to approach the key support 0.6390, and the EMA50 meets this support to add more strength to it, accompanied by witnessing positive signals through stochastic, thus, we believe that the chances are valid to trade positively today, waiting to visit 0.6470 as a next main target.
MoreThe AUDUSD pair continues to fluctuate at the bearish channel’s resistance, facing contradiction between the positivity of moving above the EMA50 and stochastic negativity, which makes us continue with our neutrality until we get clearer signal for the next trend, which we will get through breaching 0.6885 resistance or breaking 0.6830 support.
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