The bearish bias effect continues on the pair’s trading if the price settled below the broken support level providing a bearish bias in yesterday’s trading around the moving average 55 around 154.45 which almost represents the suggested target in the previous report.

We notice the continuation of the bearish bias effect since the morning trading to surpass the moving average heading towards the main target 152.85, supporting Stochastic decline sharply as appears in the above chart.

Expected trading range between 154.50 and 152.85

Expected trend for today: bearish

Platinum continues in attempts to settle below 1460.00 to resume the main bearish bias if the main resistance level 1520.00 remained intact, but we notice the domination of the sideways trading, thus we are waiting for confirming the bearish bias by getting a four hours candlestick close below 1460.00 reaching the suggested targets around 1425.00 then 1440.00

We notice the stability of Stochastic in an intraday positive level which supports the dominant sideways trading until confirming the bearish bias in the near period.

Expected trading range between 1485.00 and 1425.00

Expected trend for today: bearish

Copper achieved positive level around 2.4050 yesterday to notice that the price declined then towards the moving average 55 to settle around 3.3000 affected by Stochastic towards 20 level as explained in the above chart.

In general, the sideway bias remains the dominant on the trading due to the price limitation between the main levels, thus we are waiting for a new signals to confirm the trend, reminding you that the stability of the resistance supports the price decline in the near period to reach 3.2200 followed by 3.1200

Expected trading range between 3.4400 and 3.2200

Expected trend for today: bearish

The pair rallied higher well approaching from 0.9800, where our bullish trend expectations continue efficiently, and our next main target at 0.9950

The EMA50 supports the bullish wave from below, pointing that breaking below 0.9720 might delay achieving the waited targets and lead to a potential retest to 0.9600 level.

Expected trading range for today is between: 0.9720 support and 0.9900 resistance.

Expected trend for today: Bullish