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EURJPY is weak – Analysis – 22-1-2018
The EURJPY pair did not take advantage of the positive factors caused by its consolidation within the bullish channel, to surrender to stochastic negativity that settles below 50 level now, noticing that price fluctuation below 135.50 level to increase the chances of forming negative rebound and attempt to test the bullish channel’s support line at 133.80.
We remind you that gathering new bullish momentum and rallying above 135.50 level again will renew the chances of resuming the bullish attack that targets 137.00 mainly, followed by reaching 138.85 in the upcoming period.
Expected trading range for today is between 133.80 and 135.50
Expected trend for today: Fluctuated within the bullish range
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EURAUD prepares to decline – Analysis – 22-1-2018
The EURAUD pair ended its positive rebound by testing the bearish channel’s resistance around 1.5425, noticing its crawl below the moving average 55, while the continuation of the current resistance line stability confirms the price preparation to build strong negative attack, expecting to target 1.5210 level first, and the continuous negative pressures might push the price to reach the main support at 1.5070.
MoreLitecoin loses momentum – Analysis - 22-01-2018
Litecoin price continues to fluctuate around the key resistance 198.26, keeping its stability below it, which keeps the negative pressure valid until now, supported by the EMA50 that meets the mentioned level, besides stochastic losing the bullish momentum and entering the overbought areas.
MoreRipple tests the support – Analysis - 22-01-2018
Ripple price declined to test the key support 1.29 and settles near it, reminding you that this level is important to detect the next trend, as breaking it will push the price to visit 0.67 areas mainly, while on the other hand, breaching 1.68 will push the price to achieve gains that start at 1.99 and extend to 2.30.
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