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AstraZeneca shares reach new historical targets – Analysis – 19-7-2018
AstraZeneca shares price gained new positive momentum recently to breach the key resistance at 5520.00, noticing reaching new historical targets by reaching 5615.80, while the price consolidation within the bullish channel increases the chances of recording additional targets in the near term and medium term period, to expect moving towards 5730.00 followed by reaching 5890.00 levels in the upcoming period.
Stochastic approach to 80 level reinforces the bullish overview by providing additional momentum and increases the chances of resuming the bullish attack to start achieving our positive targets.
Expected trading range for today is between 5530.00 and 5730.00
Expected trend for today: Bullish
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CADJPY still bullish – Analysis – 19-7-2018
Despite the CADJPY pair’s recent sideways trading, its stability above 85.00 level confirms its preparation to build strong bullish trades in the near term and medium term period, noticing the consolidation of the moving average 55 below the major support line to confirm blocking the price within the bullish range and provide additional positive momentum now.
MoreLitecoin price faces negative pressure – Analysis - 19-07-2018
Litecoin price shows negative trading to move below 90.00 level, noticing that the EMA50 provides positive support to the price, while stochastic shows oversold signals now.
MoreRipple price faces solid resistance – Analysis - 19-07-2018
Ripple price finds difficulty to surpass 0.52 level, which forced the price to rebound bearishly to head towards potential test to the recently recorded low at 0.42, and as long as the price is above this level, we believe that the chances will be valid to resume the positive attempts, waiting to breach 0.52 – 0.54 levels to confirm opening the way to head towards 0.61 followed by 0.73 levels on the near term basis.
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