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Platinum pushes on the moving average – Analysis – 17-11-2017
Platinum price provided some bullish trades recently to push on the sideways range barrier at 940.00, represented by the moving average 55, while we need to breach this level to confirm the affection by the bullish bias domination again, to start recording more targets by reaching 980.00 followed by 1020.00 levels.
We recommend waiting the breach to avoid any losses that might appear due to renewing the sideways trades and moving towards 910.00 support, while stochastic rally above 50 level assists to renew the positive pressures and eases the attempts to achieve the required breach.
Expected trading range for today is between 925.00 and 980.00
Expected trend for today: Bullish
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Copper awaits the correctional targets – Analysis – 17-11-2017
Copper price confirmed the affection by the correctional bearish bias by consolidating below 3.1500 level again, to prepare to record the correctional target that start at 2.9500 with chances of testing the bullish channel's support at 2.8800, while stochastic continues to provide the negative momentum by consolidating within the oversold areas to ease the attempt to reach the waited targets.
MoreBitcoin hits the extended targets – Analysis - 17-11-2017
Bitcoin price succeeded to reach our extended target at 8000.00$ barrier and settles near it, attempting to confirm breaching the main bullish channel's resistance that appears on chart, while we witness signs of minor bullish channel that we expect to carry the price to achieve more positive targets on the short term basis.
MoreUSDCHF begins negatively – Analysis - 17-11-2017
The EMA50 managed to stop the USDCHF pair's recent bullish rally, to start bouncing bearishly now, affected by stochastic negativity that appears clearly on the four hours' time frame, reinforcing the chacnes of resuming the bearish trend on the intraday and short term basis.
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