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Ethereum price (ETHUSD) touches the target – Forecast today - 16-01-2025

Economies.com
2025-01-16 03:46AM UTC

Ethereum price (ETHUSD) traded with clear positivity yesterday to touch our waited target at 3425.50$, noticing that the price finds good resistance there, to show some slight bearish bias, waiting to get positive motive that push the price to surpass this level and confirm opening the way to achieve more gains on the intraday and short-term basis, to head towards visiting 3570.00$ followed by 3680.00$ areas as next positive targets.

 

Therefore, we are waiting for positive trades in the upcoming sessions, taking into consideration that failing to breach 3425.00$ will stop the bullish wave and push the price to head towards testing 3222.00$ areas before any new positive attempt.

 

The expected trading range for today is between 3250.00$ support and 3520.00$ resistance.

 

Trend forecast: Bullish

Bitcoin price (BTCUSD) hits the first target – Forecast today - 16-01-2025

Economies.com
2025-01-16 03:46AM UTC

Bitcoin price (BTCUSD) continued to rise to succeed achieving our first waited target at 100000.00$, waiting to gather positive momentum that assist to push the price to continue the rise and target 103500.00$ that represents our next main target.

 

Holding above 98500.00$ represents initial condition to the continuation of the suggested bullish wave, as breaking it might push the price to suffer intraday losses and test the key support 95195.00$ before any new attempt to rise.

 

The expected trading range for today is between 98000.00$ support and 103000.00$ resistance.

 

Trend forecast: Bullish

Sugar price continues to decline – Forecast today - 16-01-2025

Economies.com
2025-01-16 03:45AM UTC

Sugar price provided additional negative trades yesterday to move away from 17.70$ level and confirm the continuation of the bearish trend domination on the intraday and short-term basis, noting that the waited negative target declines to 16.65$.

 

The negative pressure formed by the EMA50 supports the expected bearish trend, noting that breaching 17.70$ followed by 18.05$ levels will stop the bearish wave and lead the price to turn to rise.

 

The expected trading range for today is between 16.80$ support and 17.65$ resistance

 

Trend forecast: Bearish

Soybean price under the negative pressure – Forecast today - 16-01-2025

Economies.com
2025-01-16 03:45AM UTC

Soybean price faced clear negative pressures to break 1040.00$ and head towards continuing the decline on the intraday basis, on its way to test the key support base at 1014.50$ mainly.

 

Therefore, the bearish bias will be suggested for today, noting that breaching 1046.00$ and holding above it will stop the current negative pressure and lead the price to resume the bullish track that its next target located at 1080.00$.

 

The expected trading range for today is between 1015.00$ support and 1050.00$ resistance.

 

Trend forecast: Bearish