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Natural Gas fluctuates within the bullish level – Analysis – 1-8-2016
Natural gas price provided clear positive trades recently to keep the positive stability above 2.550 support, while the price current fluctuation is caused by the attempt to gather the bullish momentum again, which confirms the attempt to reach the first target at 3.100.
The moving average 55 stability below the price until this momentum confirm blocking the price within the bullish level, to provide more positive pressure until reaching our waited target.
Expected trading range for today is between 2.750 and 3.10
Expected trend for today: Bullish
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GBPNZD attempts to resume the negativity – Analysis – 1-8-2016
The GBPNZD pair showed new negative trading to move away from the bearish channel's resistance at 1.9065, showing the effect of the bearish bias domination until this moment, while we expect forming new negative attack in the upcoming trading to target 1.7775 level followed by moving towards 1.7320.
MoreBitcoin under the negative pressure – Analysis - 01-08-2016
Bitcoin price fell under negative pressure that pushed trading to break 637.00 level and holding below it, which stops the recently suggested positive scenario and lead the price to begin bearish wave on the intraday basis, followed by targeting areas that begin at 538.45 then 495.00.
MoreUSDCHF declines strongly – Analysis - 01-08-2016
The USDCHF pair provided strong negative trading on last Friday to surpass our first waited target at 0.9752 and reach direct to our second target at 0.9634, which supports the continuation of our bearish overview for the upcoming period, as the price falls under strong negative pressure that we expect to push trading to visit the previously recorded low at 0.9442 as a next main station.
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