The USDJPY price touches the first target – Forecast today - 17-12-2024
The USDJPY price managed to touch 154.00 level and settles around it, waiting for more rise to achieve additional positive targets that reach 154.95 on the near-term basis.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 152.70 and holding with a daily close below it.
The expected trading range for today is between 153.20 support and 154.90 resistance
Trend forecast: Bullish
The GBPUSD price attempts to recover - Forecast today - 17-12-2024
The GBPUSD price provided positive trades yesterday to test the EMA50 that forms good resistance against the price now, noticing that the RSI loses its positive momentum gradually, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.2566$ as a next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.2735$ will stop the bearish wave and lead the price to achieve more gains on the intraday basis.
The expected trading range for today is between 1.2600$ support and 1.2750$ resistance
Trend forecast: Bearish
The EURUSD price awaits new decline – Forecast today - 17-12-2024
The EURUSD price fluctuates around the EMA50, and stochastic continues to provide overbought signals, and as long as the price is below 1.0563$, the bearish trend scenario will remain valid for the upcoming period, reminding you that the waited targets begin by surpassing 1.0475$ to open the way to head towards 1.0400$ as a next station.
On the other hand, we should note that breaching 1.0563$ and holding above it will lead the price to achieve new gains and achieve additional bullish correction that its next target reaches 1.0635$.
The expected trading range for today is between 1.0440$ support and 1.0580$ resistance
Trend forecast: Bearish
End of day Bitcoin price (BTCUSD) forecast update - 16-12-2024
Bitcoin price (BTCUSD) rallies upwards again after leaning on 104060.00$ level in the previous sessions, to resume the bullish trend and head towards achieving our next target that reaches 110000.00$, to continue suggesting the bullish trend in the upcoming period unless breaking 104060.00$ and holding with a daily close