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No change to the Natural Gas price track – Analysis – 23-1-2018
Natural gas price showed clear stability by consolidating around 3.270 level, hinting the affection by the previously expected bullish bias domination, thus, we will keep our positive overview that targets 23.6% Fibonacci correction level at 3.380, reminding you that surpassing this barrier will open the way to achieve more targets that might start at 3.550.
We notice that stochastic reaches the overbought areas to provide the price with new positive momentum and force the price to resume the bullish attack until achieving the waited targets.
Expected trading range for today is between 3.150 and 3.380
Expected trend for today: Bullish
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GBPAUD leans on the moving average positivity – Analysis – 23-1-2018
The GBPAUD pair leaned on the moving average 55 recently to form solid support at 1.7335 and confirms the bullish bias domination by reaching 1.7510, expecting to find solid support at 1.7430 that will ease the attempts to reach 23.6% Fibonacci correction level at 1.7570.
MoreBitcoin attacks the support – Analysis - 23-01-2018
Bitcoin price faced clear negative trading in the previous sessions after failing to breach 12852.00 level, to push on 10748.00 level and moves below it now, which hints continuing the decline within the bearish channel that appears on the above chart and stopping the recently suggested positive scenario.
MoreLitecoin approaches the first target – Analysis - 23-01-2018
Litecoin price resumed its negative trading after testing 198.26 level in the previous days, to approach our first waited target at 156.51 now, reminding you that breaking this level will push the price to head towards 89.02 as a next main station.
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