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Bitcoin touches the first target – Analysis - 22-01-2018

Economies.com
2018-01-22 05:41AM UTC

Bitcoin price managed to touch our first main target at 12852.00, as it found solid resistance there that forced the price to rebound bearishly to test the key support base 11160.00, noting that the price begins to provide positive trades now that hint the attempt to resume the bullish trend again.

 

Stochastic shows positive signals now to motivate the price to rise in the upcoming sessions, which supports the continuation of our positive overview on the intraday and short term basis, noting that breaching 12852.00 will push the price towards 15456.00 as a next main station, while the expected rise will remain valid unless we witnessed clear break and hold below 10748.00.

 

Expected trading range for today is between 10000.00 support and 13500.00 resistance

Expected trend for today: Bullish

Ethereum attacks the resistance – Analysis - 22-01-2018

Economies.com
2018-01-22 05:40AM UTC

Ethereum price attempted to breach 1068.00 level but it could not manage to hold for long time above it, to fluctuate around this level again, accompanied by stochastic gaining the positive momentum on the four hours’ time frame, waiting to motivate the price to confirm breaching the mentioned level and open the way to visit our next target at 1204.00.

 

In general, we will continue to suggest the bullish trend for the upcoming period conditioned by holding above 958.00, as breaking this level will put the price under the correctional bearish pressure again, to extend the negative targets towards 848.00 followed by 712.00.

 

Expected trading range for today is between 950.00 support and 1200.00 resistance

Expected trend for today: Bullish

USDCHF finds solid support – Analysis - 22-01-2018

Economies.com
2018-01-22 05:39AM UTC

The USDCHF pair found solid support at 0.9564 barrier, which forced the price to rebound bullishly to approach testing the key resistance 0.9655, met by the EMA50 to add more strength to it, while stochastic shows clear overbought signals now.

 

Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, as our next main target is located at 0.9420, noting that the continuation of the expected decline depends on holding below 0.9655 and 0.9727 levels.

 

Expected trading range for today is between 0.9564 support and 0.9670 resistance.

 

Expected trend for today: Bearish

NZDUSD tests the support – Analysis - 22-01-2018

Economies.com
2018-01-22 05:39AM UTC

The NZDUSD pair shows new test to the key support 0.7260 now, and as long as the price is above this level, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50 that protects trading inside the bullish channel that appears on the chart, besides the positivity that appears on stochastic.

 

Our waited targets begin at 0.7375 and extend to 0.7560 after breaching the previous level, reminding you that holding above 0.7260 represents main condition to continue the expected rise.

 

Expected trading range for today is between 0.7220 support and 0.7375

 

Expected trend for today: Bullish