The USDJPY price reaches the first target – Forecast today - 15-10-2024
The USDJPY price managed to reach our first waited target at 150.00, showing some slight bearish bias affected by the RSI negativity, waiting to get positive motive that push the price to resume the bullish wave that its next target reaches 151.09.
The EMA50 supports the suggested bullish wave, reminding you that it is important to hold above 148.53 to continue the expected rise.
The expected trading range for today is between 149.00 support and 150.50 resistance
Trend forecast: Bullish
The GBPUSD price within tight track - Forecast today - 15-10-2024
The GBPUSD price shows tight sideways trades in the previous sessions, keeping its stability below the broken support of the bullish channel, to keep the negative scenario valid for the upcoming period, which its targets begin at 1.3000$ and extend to 1.2866$ after breaking the previous level.
Holding below 1.3105$ is important to the continuation of the expected decline, as breaching it will push the price back to the bullish channel and stop the current bearish correction.
The expected trading range for today is between 1.2975$ support and 1.3140$ resistance.
Trend forecast: Bearish
The EURUSD price resumes the decline – Forecast today - 15-10-2024
The EURUSD price provided negative trades yesterday to approach our first waited target at 1.0880$, waiting for more decline to break this level and confirm opening the way to head towards the next target that reaches 1.0780$, supported by the negative pressure formed by the EMA50.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.0940$ might push the price to start recovery attempts and achieve intraday gains that target testing 1.0990$ followed by 1.1040$ levels before any new attempt to decline.
The expected trading range for today is between 1.0830$ support and 1.0970$ resistance.
Trend forecast: Bearish
End of day Ethereum price (ETHUSD) forecast update - 14-10-2024
Ethereum price (ETHUSD) touched our second waited target at 2623.77$ and attempts to breach it, to hint heading to achieve more rise in the upcoming period, reminding you that our next target is located at 2720.00$, while the price needs to hold above 2623.77$ as a first condition to the continuation of the expected rise.