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Midday update for bitcoin 20-12-2018
Bitcoin price rallied upwards strongly to breach 3920.00 level and settles above it, which supports our expectations to extend the bullish wave towards our next correctional target at 4424.00, to keep the bullish trend dominant in the upcoming period supported by stochastic positivity, noting that holding above 3920.00 is important to continue the bullish momentum for the rest of the day.
Expected trading range for today is between 3500.00 support and 4100.00 resistance
Expected trend for today: Bullish
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Midday update for NZDUSD 20-12-2018
The NZDUSD pair shows some bullish bias on its way to test the key resistance 0.6795, and as long as the price is below this level, the bearish trend scenario will remain vaild for today, supported by the EMA50, waiting to head towards 0.6654 that represents our next main station.
MoreMidday update for AUDUSD 20-12-2018
The AUDUSD pair retests the previously broken neckline of the head and shoulders’ pattern and keeps its stability below it until now, to keep the negative effect of this pattern active, waiting to resume the bearish trend that its next main target located at 0.7020, reminding you that it is important to hold below 0.7140 to continue the expected decline.
MoreMidday update for Brent oil 20-12-2018
Brent oil price resumes its negative trading clearly to press on 55.00 level, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, which gets continuous support by the EMA50, waiting to visit 49.87 level that represents our next main station, reminding you that the continuation of the expected decline conditions holding below 56.90 and the most important below 58.40.
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