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Bitcoin price confirms surpassing the target – Analysis - 21-12-2018
Bitcoin price succeeded to confirm breaching 3920.00 level after ending yesterday’s trading above it, which supports the expectations of extending the correctional bullish wave, to open the way to head towards 4424.00 that represents our next main target.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, supported by the EMA50, noting that breaking 3920.00 is considered as a first negative signal to stop the current positive scenario and the price return to decline again.
Expected trading range for today is between 3700.00 support and 4400.00 resistance
Expected trend for today: Bullish
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USDCHF reaches the second target – Analysis - 21-12-2018
The USDCHF price succeeded to reach our second waited target at 0.9835 after the strong decline that it witnessed yesterday, as it broke 0.9900 level strongly, and the price falls under continuous negative pressure coming by the EMA50, which supports the chances of continuing the decline within the correctional bearish channel that appears on the chart.
MoreNZDUSD loses momentum – Analysis - 21-12-2018
The NZDUSD pair tested 0.6795 level and keeps its stability below it, accompanied by stochastic reach to the overbought areas, while the EMA50 forms continuous negative pressure agains the price.
MoreAUDUSD retests successfully – Analysis - 21-12-2018
The AUDUSD pair keeps its stability below the neckline of the head and shoulders’ pattern, which keeps this pattern’s effect active until now, supporting the chances of heading towards our main waited target at 0.7020.
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