Bitcoin price (BTCUSD) activates the positive scenario

    Bitcoin price (BTCUSD) opened strongly today to break the previous level and pave the way for further gains on an intraday and short-term basis, with targets of 63230.00$ and 65480.00$ as the next major stations. In the previous sessions, the price of BTCUSD confirmed breaking through the 58660.00$ level to reach 60325.00$ as a first positive station.

Because of the previously completed double bottom pattern, we therefore anticipate further rise in the upcoming sessions. It should be noted, however, that the continuation of the bullish wave is contingent upon price stability above $60325.00$.

Today's trading is expected to be in the range of 61000.00$ support to 65480.00$ resistance.

Bitcoin price (BTCUSD) suffers more losses

   The price of bitcoin (BTCUSD) begins trading today with a fresh, sharp decline that reaches our first, long-awaited negative target at 58200.00$. We are now waiting for additional declines to take us to 56160.00$, which is the 50% Fibonacci correction level for the entire rise from 38500.56$ to 73817.92$.

Consequently, we anticipate that the bearish trend will continue to dominate in the upcoming sessions, arranged inside the bearish channel depicted on the chart. It should be noted, however, that a breach of $60330.00$ will halt the anticipated decline and cause the price to begin building a bullish wave that will initially target testing 63260.00$ areas.

The AUDUSD price under the negative pressure 

 The price of the AUDUSD approached the 0.6700$ barrier and then clearly bounced lower, pressing on the 0.6640$ level and attempting to break it now, indicating a possible decline in the next sessions as it moves toward negative targets that reach 0.6570$.

Since the price will likely recover and build a bullish wave that primarily targets the 0.6728$ areas if it fails to confirm breaking 0.6640$, a bearish bias will be recommended for today.

The NZDUSD price rallies strongly

     The NZDUSD price begins trading today with a sharp increase, approaching our newly anticipated target of 0.6300$. There is still room to reach more positive targets in the coming sessions, with a visit to 0.6368$ areas as the next major station.

As a result, we are watching for further intraday and short-term rise, keeping in mind that maintaining a level above 0.6228$ is crucial to reaching the recommended goals.

Today's trading is expected to be in the range of the 0.6230$ support and 0.6340$ resistance.

 The NZDUSD price forecast update

       The NZDUSD price settles above the 0.6140$ level, awaiting positive news to help push the price higher and resume the anticipated bullish trend for today, which targets 0.6228$ as the next station. This serves as a reminder that maintaining a price above 0.6140$ is necessary to carry out the recommended rise.

Today's anticipated trading range is between the 0.6110$ support and the 0.6210$ resistance.

The AUDUSD price faces negative pressure

       The price of the AUDUSD starts the day clearly negative as it approaches the crucial support level of 0.6728$. This calls for caution in the coming trading because the price needs to hold above this level in order to maintain the bullish trend scenario that has 0.6870$ as its next target.

In order to support the likelihood of a bullish bounce and subsequent rise, stochastic is displaying oversold signals. It is important to note that a break of 0.6728$ will end the bullish wave and place the price under intraday correctional bearish pressure.

Today's trading range is anticipated to be between the resistance of 0.6800$ and the support of 0.6710$.

The GBPUSD forecast update

    The GBPUSD price has been trading calmly throughout the morning, maintaining its stability below the 1.2700$ level to maintain the bearish trend scenario for today, which is reinforced by the EMA50's negative pressure. Our initial goal is to reach $1.2580$; breaking this mark will allow us to move straight toward 1.2480$.

 Gold price cancels the negative pattern

      The price of gold begins trading today with a further clear rise, breaking through 2360.00$ and settling above it. This puts an end to the recently proposed correctional bearish scenario and points the way toward the formation of a new intraday and short-term bullish wave. The goal is to achieve gains that begin by testing the 2400.00$ barrier and extend to the recently recorded historical high at 2450.00$.

Since breaking 2340.10$ will cause the price to drop once more and achieve another bearish correction, with a target of 2272.06$, the bullish trend will be recommended for today.