Midday update for Ethereum 11-10-2019
Ethereum price declines to retest the breached neckline of the double bottom pattern, while the EMA50 keeps supporting the price from below, which keeps the bullish trend scenario active in the upcoming period, and its next target is located at 216.00, while achieving it requires holding above 185.00 level.
The expected trading range for today is between 185.00 support and 216.00 resistance
The expected trend for today: Bullish
Midday update for bitcoin 11-10-2019
Bitcoin price trades with a strong negativity to test the EMA50, which requires being aware form the upcoming trading, where the continuation of the negative pressure and breaking 8240.00 level will stop the suggested positive scenario in our last reports and pushes the price to visit 7490.00 level as a next main target, while the price needs to trade above 8525.00 again to get a positive motive that supports the continuation of the bullish trend that its initial target is located at 8970.00.
The expected trading range for today is between 8240.00 support and 9100.00 resistance
The expected trend for today: Bullish
Midday update for the NZDUSD 11-10-2019
The NZDUSD pair managed to breach 0.6325 level and attempt to settle above it, to begin activating the positive effect of the inverted head and shoulders pattern, getting a positive motive that we wait to assist to push the price to reach 0.6450.
Therefore, we will keep preferring the bullish trend in the upcoming sessions, pointing that holding above 0.6300 represents an initial condition for the continuation of the suggested bullish wave.
The expected trading range for today is between 0.6260 support and 0.6400
The expected trend for today: Bullish
Midday update for the AUDUSD 11-10-2019
The AUDUSD pair keeps rising to begin testing the EMA50, and we still preferring testing the bearish channel’s resistance at 0.6830 before the return to decline again.
In general, the bearish trend scenario remains valid and active unless breaching the mentioned resistance, reminding you that our next main target at 06595.
The expected trading range for today is between 0.6700 support and 0.6830
The expected trend for today: Bearish