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Ethereum breaks the support – Analysis - 07-03-2018
Ethereum price managed to break 821.06 level and settles below it, which supports our bearish trend expectations for the upcoming period, paving the way to head towards 723.48 that represents our next main target.
Therefore, the bearish trend will remain dominant for today, supported by the negative pressure formed by the EMA50, unless breaching 881.42 level and settling above it.
Expected trading range for today is between 770.00 support and 840.00 resistance
Expected trend for today: Bearish
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Bitcoin tests the support – Analysis - 07-03-2018
Bitcoin price fluctuates around the key resistance 10748.00, and the EMA50 attempts to protect the price from achieving more decline, to keep the bullish trend valid until now, supported by stochastic move inside the oversold areas.
MoreUSDCHF forms negative pattern – Analysis - 07-03-2018
The USDCHF pair continues to fluctuate around the EMA50, starting today with slight bearish bias on its way to test the key support at 0.9345, which forms the neckline of the head and shoulders’ pattern that its signs appear on the chart, which means that breaking this support will confirm the continuation of the bearish trend in the upcoming sessions and push the price towards our main waited target at 0.7186 direct.
MoreNZDUSD attacks the resistance – Analysis - 07-03-2018
The NZDUSD pair rallied upwards clearly yesterday to attack 0.7281 level and settles above it, but it begins today with bearish bias affected by stochastic negativity, to move below the mentioned level, which keeps the chances valid to continue the correctional bearish trend in the upcoming period, waiting to head towards 0.7185 as a first station.
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