|
France: Allianz fluctuates within the bearish channel – Analysis – 2-8-2016
Allianz shares price formed some positive rebound recently to approach from the bearish channel's resistance at 130.10, to be affected by the positivity of the moving average 55 due to its stability below the price, while holding below the mentioned resistance allows us to wait to form new negative attack to attempt to break 124.60 level and open the way to reach more targets that extend towards 120.55 followed by 115.30.
Stochastic contradicts with the moving average 55 positivity to continue supporting the suggested negativity and provide the price with the negative momentum by approaching from the oversold areas as appears on chart.
Expected trading range for today is between 130.00 and 124.60
Expected trend for today: Bearish
Thanks for your feedback.
Natural Gas repeats the fluctuation – Analysis – 2-8-2016
Natural gas price continued to show intraday sideways trading to notice its consolidation around 2.800 level until this moment, while we remind you that holding above 2.580 support confirms the continuation of the positivity for the upcoming period, to keep waiting to reach the first target at 3.100, which breaching it will open the way to reach new targets that extend to 3.420.
MoreGBPAUD holds positively – Analysis – 2-8-2016
The GBPAUD pair continued to provide positive close above 1.4795 level that forms solid support line against the recent bearish attempts, thus, we will keep the bullish overview for the near term and medium term period until targeting 1.4910 level, noting that breaching this level will open the way to achieve more gains that start at 1.4975 and extend to 1.5095.
MoreBitcoin is stable – Analysis - 02-08-2016
Bitcoin price shows weak trading since yesterday settling near 600.00 barrier, and as long as the price is below 670.00, the negative pressure will remain valid for the upcoming sessions, supported by the EMA50, waiting to resume the bearish bias that its main targets located at 538.45 then 495.00.
More