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USDCHF breaks the support – Analysis - 05-03-2018
The USDCHF pair continued to decline to break 0.9373 level and settles below it, which puts the price under the negative pressure again, especially that the price moves below the EMA50, to head towards targeting 0.9186 as a next main station.
Therefore, the bearish bias will be expected in the upcoming sessions unless the price managed to breach 0.9373 level and hold with a daily close above it.
Expected trading range for today is between 0.9280 support and 0.9400 resistance.
Expected trend for today: Bearish
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NZDUSD resumes the decline – Analysis - 05-03-2018
The NZDUSD pair continues to decline to approach our first waited target at 0.7185, reinforcing the expectations of achieving more decline on the intraday basis, noting that breaking the mentioned level will push the price towards 0.7107 as a next station.
MoreAUDUSD hovers around the support – Analysis - 05-03-2018
The AUDUSD pair fluctuates around 0.7743 level, and we still waiting the price stability below this level to confirm the continuation of the decline in the upcoming period, noting that the EMA50 forms negative pressure to support the negative overview.
MoreBrent oil fails to confirm the break – Analysis - 05-03-2018
Brent oil price showed many attempts to break 64.00 level but it could not manage to settle below it, to trade positively and approach 65.40 level now, which supports the chances of turning back to the main bullish trend, targeting surpassing the last level to confirm opening the way to head towards 66.54 followed by 67.68 levels.
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