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Bitcoin recovers – Analysis - 19-10-2017
Bitcoin price bounced upwards strongly after approaching from 5000.00 barrier yesterday, as it showed bearish correction for the rise measured from 2972.00 to 5846.40, leaning well on 23.6% Fibonacci correction level to resume the main bullish track again.
Therefore, we expect the continuation of the bullish trend on the short term and medium term basis, noting that breaching 5820.00 will confirm rallying to achieve more positive targets that extend to reach 6220.00 followed by 6300.00.
Expected trading range for today is between 5400.00 support and 5900.00 resistance
Expected trend for today: Bullish
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USDCHF tests the resistance – Analysis - 19-10-2017
The USDCHF pair continued its positive trading to test the key resistance 0.9815 and keeps its stability below it until now, which keeps the bearish trend scenario valid until now, waiting to break 0.9700 level to confirm the continuation of the bearish bias towards 0.9625 followed by 0.9578, which represent our next main targets.
MoreNZDUSD leans on the moving average – Analysis - 19-10-2017
The NZDUSD pair returned to rise after leaning on the EMA50 yesterday, but it finds difficulty to breach the key resistance 0.7187, waiting to get strong positive motive that support the chances of breaching the mentioned level followed by opening the way to achieve our positive targets that begin at 0.7275.
MoreAUDUSD keeps its positive stability – Analysis - 19-10-2017
The AUDUSD pair provided positive trading after testing 0.7820 level again yesterday, getting continuous positive support by the EMA50, to keep the chances valid to continue the main bullish trend, which its next target located at 0.7937.
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