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USDCHF leans on the support – Analysis - 12-12-2017
The USDCHF pair begins to bounce higher after approaching from 0.9892 level, supported by the EMA50 that meets the mentioned level, while stochastic shows clear bullish trend signals on the four hours time frame.
Therefore, these factors encourage us to keep our positive expectations in the upcoming period, waiting for visiting 1.0038 level as a next main station, being aware that breaking 0.9892 will stop the expected rise and turns the price back to its bearish correctional track.
Expected trading range for today is between 0.9870 support and 1.0000 resistance.
Expected trend for today: Bullish
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NZDUSD achieves some gains – Analysis - 12-12-2017
The NZDUSD pair continues to provide positive attempts, on its way to test the key resistance 0.6964, while stochastic shows clear overbought now, which forms negative factor that we are waiting to push the price to resume the bearish bias in the upcoming sessions.
MoreAUDUSD tests the initial resistance – Analysis - 12-12-2017
The AUDUSD pair tested the first resistance 0.7545 and keeps its stability below it, accompanied by witnessing negative overlapping signal through stochastic now, which forms negative motive that we are waiting to push the price to resume the main bearish trend, and the price needs to break 0.7516 level to confirm the continuation of the bearish bias in the upcoming sessions.
MoreBrent Oil achieves strong gains – Analysis - 12-12-2017
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