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Ethereum attacks the resistance – Analysis - 22-01-2018
Ethereum price attempted to breach 1068.00 level but it could not manage to hold for long time above it, to fluctuate around this level again, accompanied by stochastic gaining the positive momentum on the four hours’ time frame, waiting to motivate the price to confirm breaching the mentioned level and open the way to visit our next target at 1204.00.
In general, we will continue to suggest the bullish trend for the upcoming period conditioned by holding above 958.00, as breaking this level will put the price under the correctional bearish pressure again, to extend the negative targets towards 848.00 followed by 712.00.
Expected trading range for today is between 950.00 support and 1200.00 resistance
Expected trend for today: Bullish
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USDCHF finds solid support – Analysis - 22-01-2018
The USDCHF pair found solid support at 0.9564 barrier, which forced the price to rebound bullishly to approach testing the key resistance 0.9655, met by the EMA50 to add more strength to it, while stochastic shows clear overbought signals now.
MoreNZDUSD tests the support – Analysis - 22-01-2018
The NZDUSD pair shows new test to the key support 0.7260 now, and as long as the price is above this level, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50 that protects trading inside the bullish channel that appears on the chart, besides the positivity that appears on stochastic.
MoreAUDUSD rebounds from the resistance – Analysis - 22-01-2018
The AUDUSD pair shows some bearish bias after touching the bullish channel’s resistance that appears on the chart, and the price might be forced to visit 0.7936 level before resuming the bullish trend again.
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