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AUDUSD loses momentum – Analysis - 30-03-2018
The AUDUSD pair fluctuates within tight track affected by the financial markets’ holidays, noticing that stochastic lost its bullish momentum to move at the overbought areas, while the EMA50 forms negative pressure on the price.
Therefore, we will continue to suggest the bearish trend that its targets begin by breaking 0.7650 to open the way to head towards 0.7500, while its continuation conditions holding below 0.7743.
Expected trading range for today is between 0.7600 support and 0.7743
Expected trend for today: Bearish
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USDCAD keeps its negative stability – Analysis - 30-03-2018
The USDCAD pair settled below 1.2923 level, and the price shows some calm bearish bias, to keep the bearish trend scenario valid for the upcoming period, supported by the EMA50 and stochastic.
MoreUSDJPY gathers the positive momentum – Analysis - 30-03-2018
The USDJPY pair shows slight bearish bias now to approach 106.00 barrier, noticing that stochastic managed to gain the positive momentum on the four hours’ time frame, to support the chances of bouncing bullishly and resume the expected bullish trend on the intraday basis.
MoreGBPUSD tests the support – Analysis - 30-03-2018
The GBPUSD pair kept declining to test the short term bullish trend line and attempts to rebound bullishly from there, supported by stochastic reach to the oversold areas, to continue suggesting the bullish trend in the upcoming sessions, waiting to target 1.4344 level mainly.
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