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Ethereum hits the target – Analysis - 08-03-2018
Ethereum price succeeded to reach our main waited target at 723.48, noticing that the price completed forming double top pattern that appears on the above chart, which means that the price will face more expected negative pressure in the upcoming period, and breaking the mentioned level will extend Ethereum price losses to reach 663.10 and extend to 565.54 on the short term basis.
Therefore, we expect the continuation of the bearish trend unless the price managed to breach 821.06 followed by 881.42 levels and hold above them.
Expected trading range for today is between 680.00 support and 780.00 resistance
Expected trend for today: Bearish
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Bitcoin returns to decline – Analysis - 08-03-2018
Bitcoin price traded with strong negativity on yesterday’s evening to confirm breaking 10748.00 level and settles below the bearish trend line that appears on the above chart, to head towards achieving more decline on the intraday and short term basis, and the way is open to test 8643.35 level that represents the next main station.
MoreUSDCHF breaches the initial resistance – Analysis - 08-03-2018
The USDCHF pair traded positively yesterday to breach 0.9415 level and settles above it, to cancel the negative formation mentioned in our last report, and the price is stuck now between the key levels represented by 0.9373 support and 0.9488 resistance, as it needs to breach one of these levels to detect the next destination clearly.
MoreNZDUSD completes positive formation – Analysis - 08-03-2018
The NZDUSD pair begins today’s trading positively to move above 0.7281 level, as the price is affected by the double bottom pattern that was completed previously, which its signs appear on the above chart, supporting the chances of achieving more gains in the upcoming sessions, to start the positive targets at 0.7335 and extend to 0.7436.
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