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USDCHF begins negatively – Analysis - 17-11-2017
The EMA50 managed to stop the USDCHF pair's recent bullish rally, to start bouncing bearishly now, affected by stochastic negativity that appears clearly on the four hours' time frame, reinforcing the chacnes of resuming the bearish trend on the intraday and short term basis.
Therefore, we are waiting for more decline in the upcoming sessions, and breaking 0.9892 will confirm opening the way to head towards our next target at 0.9800, while breaching 0.9980 represents the key to regain the main bullish trend and stop the current correctional bearish pressure.
Expected trading range for today is between 0.9820 support and 0.9980 resistance.
Expected trend for today: Bearish
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NZDUSD approaches the target – Analysis - 17-11-2017
The NZDUSD pair continues to decline to approach gradually from our waited target at 0.6818, noticing that stochastic loses its positive momentum clearly on the four hours' time frame, while the EMA50 keeps pushing negatively on the price.
MoreAUDUSD gets negative signal – Analysis - 17-11-2017
The AUDUSD pair continues to fluctuate within sideways track since yesterday, keeping its stability below 0.7633, to keep the negative pressure valid for the upcoming period, supported by the EMA50 besides the negative signal that stochastic begins to provide now.
MoreBrent Oil tests the support – Analysis - 17-11-2017
Brent oil price returns to test the key support 60.95 now, which represents 38.2% Fibonacci correction level for the rise measured from 55.00 to 64.63, which urges caution from the upcoming trading, as breaking it will push the price to extend its bearish correction towards areas that might reach 58.67 before any new attempt to rise.
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