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Platinum keeps the positive stability – Analysis – 1-11-2017

Economies.com
2017-11-01 09:07AM UTC

Platinum price keeps its positive stability by providing new closings above 910.00 support, thus, we will keep our bullish overview and remind you that it is important to surpass the moving average 55 around 940.00 to open the way to achieve more gains that start at 980.00.

 

Stochastic approach from 80 level reinforces our bullish overview and increases the chances of achieving the required breach to confirm the bullish bias domination for the upcoming period.

 

Expected trading range for today is between 910.00 and 940.00

 

Expected trend for today: Bullish

Copper rises slowly – Analysis – 1-11-2017

Economies.com
2017-11-01 09:07AM UTC

Copper price moves slowly to attempt to get rid of the negative pressures and support the domination of the expected bullish bias, noticing the frequent consolidation above 3.0800 support and attempt to gather new bullish momentum to resume recording the main targets located around 3.2700 followed by reaching the bullish channel's resistance at 3.4700.

 

The moving average 55 continues to support the bullish attempts due to its consolidation below the current support, also, we notice that stochastic forms positive wave to ease the attempts to gain additional momentum and push the price to achieve our targets.

 

Expected trading range for today is between 3.0800 and 3.2700

 

Expected trend for today: Bullish

Bitcoin surpasses the waited target – Analysis - 01-11-2017

Economies.com
2017-11-01 04:36AM UTC

Bitcoin price rallied upwards strongly yesterday to surpass our waited target at 6300.00 and settles above 6400.00 barrier now, to support the expectations of extending the bullish trend on the medium term basis, organized inside the bullish channel that appears on chart, waiting for more rise to visit this channel's resistance at 6940.00.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, noting that holding above 5770.00 represents key condition to continue the suggested bullish wave.

 

Expected trading range for today is between 6200.00 support and 6600.00 resistance

Expected trend for today: Bullish

USDCHF draws positive formation – Analysis - 01-11-2017

Economies.com
2017-11-01 04:36AM UTC

The USDCHF pair resumes its positive trading after the decline that it witnessed in the previous sessions, and by taking a deeper look at the chart, we find that the price draws inverted head and shoulders' pattern appear on the minor image, which means that breaching 0.9995 will provide strong positive motive that supports the continuation of the main bullish trend.

 

Therefore, we believe that the chances are valid to continue the rise in the upcoming sessions, noting that our next main target is located at 1.0100, while holding above 0.9920 and 0.9860 is key condition to continue the suggested bullish wave.

 

Expected trading range for today is between 0.9900 support and 1.0060 resistance.

 

Expected trend for today: Bullish