|
GBPAUD holds positively – Analysis – 2-8-2016
The GBPAUD pair continued to provide positive close above 1.4795 level that forms solid support line against the recent bearish attempts, thus, we will keep the bullish overview for the near term and medium term period until targeting 1.4910 level, noting that breaching this level will open the way to achieve more gains that start at 1.4975 and extend to 1.5095.
The moving average 55 fluctuation below the mentioned support confirms confining the price within the bullish level, also, stochastic consolidation within the overbought areas will provide the price with additional positive momentum to open the way towards our suggested targets.
Expected trading range for today is between 1.4800 and 1.4975
Expected trend for today: Bullish
Thanks for your feedback.
Bitcoin is stable – Analysis - 02-08-2016
Bitcoin price shows weak trading since yesterday settling near 600.00 barrier, and as long as the price is below 670.00, the negative pressure will remain valid for the upcoming sessions, supported by the EMA50, waiting to resume the bearish bias that its main targets located at 538.45 then 495.00.
MoreUSDCHF awaits the break – Analysis - 02-08-2016
The USDCHF pair shows sideways and tight trading since yesterday settling around 0.9675, while the EMA50 continues to push negatively on the price, which supports the chances of continuing the main bearish trend in the upcoming period, waiting to break 0.9634 level to confirm opening the way to head towards 0.9442 level on the near term basis.
MoreNZDUSD completes positive formation – Analysis - 02-08-2016
By taking a deeper look at the intraday time frames, we find that the NZDUSD pair managed to complete forming falling wedge pattern appears on the minor image, as it begins the breaching process of this pattern's resistance, accompanied by witnessing clear positive signals through stochastic, besides the positive support provided by the EMA50.
More