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Midday update for bitcoin 01-08-2016
Bitcoin price keeps its stability below the EMA50 and below the key resistance 669.00, which keeps the negative pressure valid for the upcoming period, waiting for more decline that targets 538.45 followed by 495.00 levels.
Note that breaching 669.00 level will stop the suggested negative scenario and lead the price for new recovery attempts that its targets begin at 776.95.
Expected trading range for today is between 538.45 support and 669.00 resistance
Expected trend for today: Bearish
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Midday update for NZDUSD 01-08-2016
The NZDUSD pair did not show any strong move since morning, to keep its stability above 0.7200 barrier, and as long as the price is above 0.7090 level, the bullish trend scenario will remain valid and active for today, supported by the EMA50, reminding you that our next main target is located at 0.7323.
MoreMidday update for AUDUSD 01-08-2016
The AUDUSD pair fluctuates around 0.7595 level since morning, and we are still waiting to breach this level to confirm extending the bullish wave that its next target located at 0.7750.
MoreMidday update for Brent Oil 01-08-2016
Brent oil price trades with clear negativity after it found solid resistance at 43.85 level, which represents one of the next trend keys mentioned in our morning report, to start the pressure on the key support 43.00 in attempt to break it, which urges monitoring the upcoming trades carefully, as getting four hours close below the last level will put the price under more negative pressure followed by opening the way to head towards 39.96 as a next main station.
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