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Ethereum price (ETHUSD) awaits the breach – Forecast today - 18-10-2024

Economies.com
2024-10-18 04:20AM UTC

Ethereum price (ETHUSD) shows positive trades now, to test 2650.00$ level that forms solid resistance against the price, waiting to breach this level to confirm the continuation of the bullish trend on the intraday basis, reminding you that our next target is located at 2720.00$.

 

We remind you that the positive scenario depends on the completion of the double bottom pattern that appears on the chart, which supports the chances of achieving more gains in the upcoming period, noting that breaking 2515.00$ will stop the bullish trend and push the price to turn to decline.

 

The expected trading range for today is between 2530.00$ support and 2750.00$ resistance

 

Trend forecast: Bullish

Bitcoin price (BTCUSD) begins positively – Forecast today - 18-10-2024

Economies.com
2024-10-18 04:19AM UTC

Bitcoin price (BTCUSD) opens today’s trading with clear positivity to test 68000.00$ barrier, reinforcing the expectations of continuing the domination of the bullish trend on the intraday and short-term basis, reminding you that our next targets start at 70000.00$ and extend to 70850.00$.

 

The technical indicators provide positive signals that support the expectations to rise, noting that breaking 66875.00$ will push the price to decline and test the critical support 65480.00$ before any new attempt to rise.

 

The expected trading range for today is between 66300.00$ support and 70000.00$ resistance

 

Trend forecast: Bullish

Wheat price surpasses the resistance – Forecast today - 18-10-2024

Economies.com
2024-10-18 04:19AM UTC

Wheat price ended yesterday above 599.00$ level, to head towards achieving expected gains in the upcoming sessions and target visiting 50% Fibonacci correction level at 623.70$ as a next main station.

 

Therefore, the bullish bias will be suggested for today, noting that breaking 599.00$ will put the price under the negative pressure again and open the way to achieve negative targets that start at 585.00$.

 

The expected trading range for today is between 595.00$ support and 615.00$ resistance

 

Trend forecast: Bullish

Sugar price touches the target – Forecast today - 18-10-2024

Economies.com
2024-10-18 04:18AM UTC

Sugar price succeeded to achieve our first waited target at 21.55$ and found solid support there, to show some bullish bias and test the EMA50 that forms resistance barrier against the price, waiting to resume the negative trades to break the mentioned level followed by opening the way to head towards 20.80$ as a next station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 22.73$ and hold above it.

 

The expected trading range for today is between 21.35$ support and 22.20$ resistance

 

Trend forecast: Bearish