Bitcoin hits the waited target – Analysis - 02-02-2018
Bitcoin price succeeded to achieve our waited target at 8643.35 after the strong decline that it witnessed yesterday, starting today with more decline to break the mentioned level and attempts to hold below it, which hints the price head to suffer more losses on the short term and medium term basis, paving the way to head towards 6039.30 as a next main station.
Therefore, the bearish trend will be suggested in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 9390.00 will release the price from the current negative pressure and push to start recovery attempts that target 10748.00 – 11160.00 areas initially.
Expected trading range for today is between 7500.00 support and 9390.00 resistance
Expected trend for today: Bearish
USDCHF reaches the first target – Analysis - 02-02-2018
The USDCHF pair continued to decline to succeed reaching our first main waited target at 0.9250, waiting for more decline supported by the negative pressure provided by the EMA50, reminding you that our next target extends to reach 0.9035.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price rallied to breach 0.9418 level and hold above it.
Expected trading range for today is between 0.9180 support and 0.9330 resistance.
Expected trend for today: Bearish
NZDUSD gets a positive close – Analysis - 02-02-2018
The NZDUSD pair managed to close the daily candlestick above 0.7340 level, reinforcing the expectations of continuing the main bullish trend, which its next target located at 0.7558, noticing that the price begins today with bearish bias to test the EMA50.
In general, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 0.7330, as breaking this level will push the price to test 0.7260 areas before any new attempt to rise.
Expected trading range for today is between 0.7300 support and 0.7470
Expected trend for today: Bullish
AUDUSD begins negatively – Analysis - 02-02-2018
The AUDUSD pair opens today’s trading with bearish bias after testing the EMA50, to keep the negative scenario suggested on the intraday basis, remindig you that our main target is represented by testing 0.7936 level.
It is important to monitor the price behavior when reaching the targeted level, as breaking it will cause extension to the pair’s losses to reach 0.7820 as a next station, while holding against the current decline will lead the price to resume the main bullish trend that its next target located at 0.8200.
Expected trading range for today is between 0.7920 support and 0.8070
Expected trend for today: Bearish