Ethereum price hits the extended target – Analysis - 20-11-2018
Ethereum price managed to achieve our second waited target at 150.00 and settles near it, noticing that the price moves inside a bearish channel that supports the chances of continuing the bearish bias in the upcoming period, which has negative targets that extend to reach 144.00.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 167.32.
Expected trading range for today is between 144.00 support and 160.00 resistance
Expected trend for today: Bearish
Bitcoin price achieves more targets – Analysis - 20-11-2018
Bitcoin price falls under strong negative pressure to confirm surpassing our main target at 5000.00 and settling below it, to hint that the way is open to continue the decline in the upcoming period, waiting to target 4500.00 level as a next main station.
The EMA50 keeps supporting the suggested bearish wave, noting that breaching 5200.00 might push the price to test 5800.00 followed by 6040.00 areas before any new attempt to decline.
Expected trading range for today is between 4500.00 support and 5000.00 resistance
Expected trend for today: Bearish
USDCHF breaks the support – Analysis - 20-11-2018
The USDCHF price broke 0.9990 level strongly to rally towards the next correctional level at 0.9900, which leads the price to achieve more expected decline in the upcoming sessions, noting that breaking the last level will push the price towards 0.9834 that represents the next correctional level.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 0.9990 and hold above it.
Expected trading range for today is between 0.9850 support and 0.9990 resistance.
Expected trend for today: Bearish
NZDUSD gets a positive signal – Analysis - 20-11-2018
The NZDUSD pair tests the bullish channel’s support line, noticing that stochastic provides positive overlapping signal now, waiting to motivate the price to resume the bullish trend that targets testing 0.6910 level as a next main station.
Breaching the targeted level will push the price towards 0.7024 on the near term basis, while breaking 0.6795 will stop the expected rise and push the price to decline again.
Expected trading range for today is betwenen 0.6795 support and 0.6920
Expected trend for today: Bullish