Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

End of day Bitcoin price (BTCUSD) forecast update - 18-07-2024

Economies.com
2024-07-18 19:32PM UTC

Bitcoin price (BTCUSD) faces negative pressure to break the bullish channel’s support line and hints heading to turn to decline in the upcoming sessions, on its way to achieve negative targets that start at 62000.00$ and extend to 60330.00$, noting that breaching 64555.00$ will stop the current negative pressure and lead the price to turn again.

End of day gold price forecast update - 18-07-2024

Economies.com
2024-07-18 19:31PM UTC

Gold price trades with clear negativity to attack 2450.00$ and attempts to hold below it, which urges caution from the upcoming trading, as confirming breaking this level by closing the day below it will push the price to suffer intraday losses and visit 2425.00$ followed by 2410.00$ as initial negative stations, while the price needs to trade above 2450.00$ again to resume the main bullish track again.

End of day EURUSD price forecast update - 18-07-2024

Economies.com
2024-07-18 19:31PM UTC

The EURUSD price faces strong negative pressure to break the bullish channel’s support line and attempts to hold below it, to hint the beginning of bearish correction for the rise that started from 1.0665$ areas, on tis way to test 1.0880$ followed by 1.0840$ levels mainly, noting that closing the day below 1.0915$ will confirm the turn to decline.

Brent oil price forecast update 18-07-2024

Economies.com
2024-07-18 09:22AM UTC

Brent oil price trades negatively now to test the key support 85.20$, which represents one of the next trend keys, and as we mentioned this morning, the price needs to break this support or breach 85.80$ resistance to confirm the next destination clearly, which keeps our neutrality valid until now.

 

We remind you that breaking the mentioned support will put the price under negative pressure that its targets begin at 84.10$ and extend to 82.74$, while breaching the resistance will lead the price to resume the main bullish track and achieve positive targets that start at 86.95$ followed by 88.50$.

 

The expected trading range for today is between 84.30$ support and 87.40$ resistance.

 

Trend forecast: Neutral