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Bitcoin price tests the channel’s resistance – Analysis - 12-09-2019
Bitcoin price provided positive trading to test the intraday bearish channel’s resistance that appears on the chart, and the EMA50 meets this resistance to add more strength to it, while stochastic reaches the overbought areas.
Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin by breaking 9855.80 to open the way to head towards 9350.00 as a next main target, reminding you that the continuation of the bearish wave depends on the price stability below 10600.00.
The expected trading range for today is between 9500.00 support and 10400.00 resistance
The expected trend for today: Bearish
The USDCHF rises calmly – Analysis - 12-09-2019
The USDCHF pair shows calm positive trades to crawl gradually towards our waited target at 0.9990, thus, the bullish trend scenario will remain valid and active in the upcoming sessions, supported by the EMA50, reminding you that it is important to hold above 0.9836 to continue the expected rise.
MoreThe NZDUSD resumes rising – Analysis - 12-09-2019
The NZDUSD pair opens today’s trading with new positive trades to approach our first waited target at 0.6470, getting positive signals through stochastic and the EMA50, which supports the chances of breaching the mentioned level and open the way to extend the bullish wave on the short term basis, as the next target reaches 0.6530.
MoreThe AUDUSD tests the resistance – Analysis - 12-09-2019
The AUDUSD pair continues to fluctuate at the bearish channel’s resistance at 0.6885, and the price still stuck between the trend confirmation levels represented by the mentioned resistance and 0.6830 support, which makes us continue with our neutrality until the price confirms surpassing one of these levels.
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