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The EURUSD price breaches the resistance – Forecast today - 27-01-2025

Economies.com
2025-01-27 04:08AM UTC

The EURUSD price ended last Friday above 1.0455$ level, to confirm the continuation of the correctional bullish trend domination and head towards visiting 1.0600$ areas as a next positive station.

 

Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that breaking 1.0455$ will stop the bullish wave and push the price to attempt to return to the main bearish track again.

 

The expected trading range for today is between 1.0400$ support and 1.0540$ resistance

 

Trend forecast: Bullish

Ethereum price (ETHUSD) forecast update - 24-01-2025

Economies.com
2025-01-24 09:07AM UTC

Ethereum price (ETHUSD) managed to touch our first waited target at 3425.50$ and finds solid resistance cluster there, waiting to get positive motive that push the price to breach this level and open the way to continue the main bullish trend, which targets 3678.00$ areas as a next main station.

 

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 3222.00$ and holding below it.

 

The expected trading range for today is between 3250.00$ support and 3480.00$ resistance.

 

Trend forecast: Bullish

Bitcoin price (BTCUSD) forecast update - 24-01-2025

Economies.com
2025-01-24 09:07AM UTC

Bitcoin price (BTCUSD) traded with clear positivity to reach the thresholds of the key resistance 106000.00$, and as we mentioned this morning, breaching this level will activate the positive effect of the bullish pennant pattern and lead the price to continue the bullish trend that targets 108350.45$ followed by 112000.00$ levels mainly.

 

On the other hand, we should note that breaking 101680.00$ will stop the bullish wave and push the price to decline towards 95195.00$ areas before any new attempt to rise.

 

The expected trading range for today is between 102000.00$ support and 108000.00$ resistance.

 

Trend forecast: Bullish

Brent oil price forecast update 24-01-2025

Economies.com
2025-01-24 09:07AM UTC

Brent oil price shows positive trades to test the key resistance 78.39$, and the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, as breaching it represents the key to start bullish wave that targets 80.10$ areas mainly.

 

Note that the next main target of the suggested bearish wave is located at 77.05$.

 

The expected trading range for today is between 76.50$ support and 79.50$ resistance.

 

Trend forecast: Bearish