The GBPUSD price achieves the target - Forecast today - 19-04-2024
GBPUSD Price Analysis
- The GBPUSD price opens today’s trading with clear decline to succeed achieving our first waited target at 1.2385$, falling under negative pressure that makes us suggest surpassing this level and open the way to continue the decline on the intraday and short-term basis, noting that the next station reaches 1.2265$.
- Therefore, the bearish trend scenario will remain valid and active for the upcoming period, noting that breaching 1.2480$ will stop the bearish trend and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.2300$ support and 1.2460$ resistance.
Trend forecast: Bearish
The EURUSD price under the negative pressure – Forecast today - 19-04-2024
EURUSD Price Analysis
- The EURUSD price trades with clear negativity now to start pressing on the key support 1.0615$ and hint heading to reactivate the bearish wave scenario again, and we suggest breaking this level to open the way to achieve negative targets that start at 1.0520$ and extend to reach the previously recorded low at 1.0450$.
- Therefore, we expect to witness more decline in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 1.0715$ will stop the bearish trend and lead the price to turn to rise.
The expected trading range for today is between 1.0520$ support and 1.0690$ resistance.
Trend forecast: Bearish
End of day Ethereum price (ETHUSD) forecast update - 18-04-2024
Ethereum price (ETHUSD) shows positive trades to approach the waited target at 3132.80$, and the price might face solid resistance there, due to the negative signals that appear through the technical indicators.
Therefore, we need to monitor the upcoming trading to confirm the next destination clearly.
End of day Bitcoin price (BTCUSD) forecast update - 18-04-2024
Bitcoin price (BTCUSD) trades with clear positivity to test 64000.00$ barrier, reinforcing the expectations of continuing the bullish trend on the intraday basis, and the way is open to achieve our waited target at 65391.74$, being aware that we need to monitor the price when reaching this level due to its importance to detect the next trend, as breaching it represents the key to achieve additional gains that reach 70000.00$ as a next main station, while consolidating against the current rally will push the price to rebound bearishly and head to test 60252.85$ areas again.