Copper price lost its positive momentum after recording 4.4300$ level, to form temporary negative rebound and attempt to take breath before renewing the bullish rally again by crawling towards 4.3000$ now.

Note that the consolidation of the MA55 below the current trades and settling near 23.6% Fibonacci correction level at 4.2000$ will reinforce the chances of forming strong support and allow us to keep the bullish overview that might target 4.5300$ level soon.

The expected trading range for today is between 4.2500$ and 4.5300$

Trend forecast: Bullish

Ethereum price (ETHUSD) bounced downwards strongly after touching 3425.50$, to test the key support at 3222.00$ by today’s open, noticing that this level consolidates against the negative pressure and push the price to rise again, to head towards resuming the expected bullish trend for the upcoming period, waiting to visit 3425.50$ again, noting that breaching it will push the price to achieve additional gains that start at 3500.00$ and reach 3680.00$ on the near-term basis.

On the other hand, we should note that breaking 3222.00$ will stop the expected bullish trend and put the price under additional negative pressure that its next target reaches 3017.30$.

The expected trading range for today is between 3140.00$ support and 3425.00$ resistance.

Trend forecast: Bullish

Bitcoin price (BTCUSD) opens today’s trading with strong decline after reaching 106430.00$ areas, to retest the previously breached resistance line that turns into key support line that declines to 98930.00$ now, noticing that the price rebounds bullishly again in attempt to resume the main bullish trend.

Stochastic shows oversold signals that support the chances of rising in the upcoming sessions, waiting to visit 108350.45$ as a next main target, taking into consideration that breaking 98930.00$ will stop the bullish wave and force the price to suffer additional losses and test the most important support line to the short-term trades at 95195.00$ before any new attempt to rise.

The expected trading range for today is between 100000.00$ support and 104500.00$ resistance.

Trend forecast: Bullish

The USDCHF price is retesting the broken support line of the bullish channel that appears on the chart, accompanied by witnessing clear negative signals through stochastic now, which supports the chances of bouncing bearishly to resume the expected bearish trend on the intraday basis, which targets 0.9055 followed by 0.9014 levels.

Note that the continuation of the expected decline depends on the price stability below 0.9155, as breaching it represents the key to return to the main bullish track again.

The expected trading range for today is between 0.9060 support and 0.9180 resistance.

Trend forecast: Bearish temporarily