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Bitcoin resumes rising – Analysis - 05-03-2018

Economies.com
2018-03-05 05:24AM UTC

Bitcoin price shows positive trades by today’s opening to resume its bullish track after building support base above 10748.00 level, which supports the expectations of achieving more gains in the upcoming sessions, reinforced by stochastic and the EMA50 positivity, waiting to test 102852.65 level as a next station.

 

Therefore, we are waiting for more rise today unless breaking 10748.00 level and holding below it.

 

Expected trading range for today is between 10748.00 support and 12850.00 resistance

Expected trend for today: Bullish

 

USDCHF breaks the support – Analysis - 05-03-2018

Economies.com
2018-03-05 05:24AM UTC

The USDCHF pair continued to decline to break 0.9373 level and settles below it, which puts the price under the negative pressure again, especially that the price moves below the EMA50, to head towards targeting 0.9186 as a next main station.

 

Therefore, the bearish bias will be expected in the upcoming sessions unless the price managed to breach 0.9373 level and hold with a daily close above it.

 

Expected trading range for today is between 0.9280 support and 0.9400 resistance.

 

Expected trend for today: Bearish

NZDUSD resumes the decline – Analysis - 05-03-2018

Economies.com
2018-03-05 05:24AM UTC

The NZDUSD pair continues to decline to approach our first waited target at 0.7185, reinforcing the expectations of achieving more decline on the intraday basis, noting that breaking the mentioned level will push the price towards 0.7107 as a next station.

 

Therefore, we will continue to suggest the bearish trend, supported by the negative pressure formed by the EMA50, unless breaching 0.7281 level and holding above it.

 

Expected trading range for today is between 0.7230 support and 0.7300

 

Expected trend for today: Bearish

 

AUDUSD hovers around the support – Analysis - 05-03-2018

Economies.com
2018-03-05 05:24AM UTC

The AUDUSD pair fluctuates around 0.7743 level, and we still waiting the price stability below this level to confirm the continuation of the decline in the upcoming period, noting that the EMA50 forms negative pressure to support the negative overview.

 

Therefore, the bearish trend will remain valid in the upcoming sessions unless the price rallied to breach 0.7818 and hold above it, reminding you that our next target is located at 0.7650.

 

Expected trading range for today is between 0.7650 support and 0.7818

 

Expected trend for today: Bearish