Ethereum price approaches the resistance – Analysis - 31-01-2019
Ethereum price shows some slight bullish bias to approach testing the key resistance 116.50, and as long as the price is below this level, our bearish overview will remain valid for the upcoming period, supported by the clear overbought signals that appear through stochastic, reminding you that our main waited targets begin at 100.00 and extend to 83.00.
Expected trading range for today is between 90.00 support and 116.50 resistance
Expected trend for today: Bearish
Bitcoin price loses momentum – Analysis - 31-01-2019
Bitcoin price continues to fluctuate within sideways and tight track, accompanied by stochastic move inside the overbought areas, while the EMA50 keeps pressing negatively on the price.
Therefore, we will continue to suggest the bearish trend depending on the price stability below 3605.00, reminding you that our next main target is located at 3110.00.
Expected trading range for today is between 3000.00 support and 3600.00 resistance
Expected trend for today: Bearish
USDCHF is limited to the first target – Analysis - 31-01-2019
The USDCHF price touched our first waited target at 0.9990 and bounced downwards strongly from there, to reach the thresholds of the key support 0.9900 again, noticing that this level turned to form neckline of a double top pattern that we expect to put the price under negative pressure in the upcoming sessions, as breaking this level will push the price towards 0.9835 mainly.
Therefore, the bearish bias will be suggested for today unless the price managed to rally upwards to breach 0.9990 level and hold above it.
Expected trading range for today is between 0.9850 support and 0.9970 resistance.
Expected trend for today: Bearish
NZDUSD hits the first target – Analysis - 31-01-2019
The NZDUSD pair succeeded to achieve our first waited target at 0.6910 and settles around it, noticing that the price begins today with more bullish bias, hinting that the way is open to continue rising on the intraday and short term basis, as our next target is located at 0.7024.
Therefore, we suggest the continuation of the bullish trend domination in the upcoming sessions conditioned by the price stability above 0.6872.
Expected trading range for today is betwenen 0.6870 support and 0.7000
Expected trend for today: Bullish