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Bitcoin price resumes the decline – Analysis - 29-03-2018
Bitcoin price begins today’s trading with clear bias to move away from 8000$ barrier, which supports the continuation of our bearish overview efficiently in the upcoming period, motivated by stochastic that appears clearly now, and the way is open to head towards our next main target that reaches 6039.30.
The negative effect of the minor double top pattern still active, noting that the continuation of the expected decline depends on holding below 8643.35 and 9260.00 levels.
Expected trading range for today is between 6800.00 support and 8200.00 resistance
Expected trend for today: Bearish
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USDCHF rallies upwards – Analysis - 29-03-2018
The USDCHF pair traded with strong positivity yesterday to breach 0.9488 level and rallies towards 0.9581 direct, as the price settles below this level, starting today with slight bearish bias that hints the return to decline again, especially that stochastic shows clear overbought signals.
MoreNZDUSD at the first target – Analysis - 29-03-2018
The NZDUSD pair succeeded to touch our waited target at 0.7185 and settles there, which represents 38.2% Fibonacci for the rise that appears on the chart, which means that breaking it will extend the bearish wave to reach 0.7107 as a next station.
MoreAUDUSD touches the first target – Analysis - 29-03-2018
The AUDUSD pair settles at our first waited target at 0.7650, and the price falls under continuous negative pressure coming by the EMA50, which keeps the chances valid to continue the bearish trend in the upcoming period, noting that breaking the mentioned level will push the price towards 0.7500 as a next main station.
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