Midday update for bitcoin 18-07-2018

The NZDUSD pair achieved initial break to 0.6774 level and closed the four hours’ candlestick below it, to hint the price head to activate the bearish trend scenario on the intraday basis, but we need to get a daily close below this level or above 0.6827 to determine the next targets clearly.

The AUDUSD pair trades with clear negativity since morning to move away from 0.7400 level, reinforcing the expectations of continuing the bearish trend for today, which its next target located at 0.7270, as the price falls under negative pressure formed by the EMA50, reminding you that holding below 0.7400 – 0.7410 levels is important to continue the expected decline.

Brent oil price shows negative trading now that hints resuming the recently suggested bearish trend scenario, depending on the price stability below 72.00 that forms negative pressure against the intraday trading, reminding you that the price is affected by the previously completed double top pattern, which supports the chances of achieving our initial targets that begin at 70.00 followed by 67.50.