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Natural Gas repeats the fluctuation – Analysis – 2-8-2016
Natural gas price continued to show intraday sideways trading to notice its consolidation around 2.800 level until this moment, while we remind you that holding above 2.580 support confirms the continuation of the positivity for the upcoming period, to keep waiting to reach the first target at 3.100, which breaching it will open the way to reach new targets that extend to 3.420.
Stochastic forming to an intraday negative wave forms the main factor to the price fluctuation, to keep waiting to get new positive momentum that confirms the attempt to reach our targets.
Expected trading range for today is between 2.600 and 3.10
Expected trend for today: Bullish
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GBPAUD holds positively – Analysis – 2-8-2016
The GBPAUD pair continued to provide positive close above 1.4795 level that forms solid support line against the recent bearish attempts, thus, we will keep the bullish overview for the near term and medium term period until targeting 1.4910 level, noting that breaching this level will open the way to achieve more gains that start at 1.4975 and extend to 1.5095.
MoreBitcoin is stable – Analysis - 02-08-2016
Bitcoin price shows weak trading since yesterday settling near 600.00 barrier, and as long as the price is below 670.00, the negative pressure will remain valid for the upcoming sessions, supported by the EMA50, waiting to resume the bearish bias that its main targets located at 538.45 then 495.00.
MoreUSDCHF awaits the break – Analysis - 02-08-2016
The USDCHF pair shows sideways and tight trading since yesterday settling around 0.9675, while the EMA50 continues to push negatively on the price, which supports the chances of continuing the main bearish trend in the upcoming period, waiting to break 0.9634 level to confirm opening the way to head towards 0.9442 level on the near term basis.
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