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USDCHF loses momentum – Analysis - 06-03-2018
The USDCHF pair shows sideways trading around the EMA50, noticing that the EMA50 shows clear negative signals on the four hours’ time frame, while the price settles below the intraday bullish channel’s support line that appears on the chart.
Therefore, we will continue to suggest the bearish trend in the upcoming period conditioned by the price stability below 0.9440 level, noting that breaking 0.9373 is required to confirm the extension of the bearish wave towards 0.9186.
Expected trading range for today is between 0.9300 support and 0.9460 resistance.
Expected trend for today: Bearish
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NZDUSD within continuation pattern – Analysis - 06-03-2018
The NZDUSD pair’s recent trades are confined within bearish pennant pattern that its signs appear on the chart, which means that breaking 0.7215 will motivate the price to continue the correctional bearish trend and break 0.7185 level to push trading towards 0.7107 as a next main station.
MoreAUDUSD tests the moving average – Analysis - 06-03-2018
The AUDUSD pair provides some positive trading to test the EMA50 now, accompanied by stochastic reach to the overbought areas now, forming negative factor that we are waiting to push the price to resume the bearish bias again, as the bearish trend still valid until now, depending on the stability below 0.7818 level.
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