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Copper affected by the indicator’s contradiction – Analysis – 29-3-2018
Copper price was affected by the clash of the major indicators, as stochastic rallied above 20 level to notice showing some positive trades, while the sideways trading might continue until gathering new negative momentum to manage to resume the negative attack and start achieving targets by moving towards 2.8500 in the upcoming period.
We should note that it is important to hold below 3.0850 resistance to avoid any losses that might appear due to changing the main trend, which will push the price back to the bullish track and target 3.2200 followed by 3.3200 levels.
Expected trading range for today is between 3.0300 and 2.8500
Expected trend for today: Bearish
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Platinum continues to fluctuate – Analysis – 29-3-2018
No news for Platinum price that keeps moving between 935.00 support and the moving average 55 that continues to form an obstacle against the bullish rally by consolidating around 960.00 level, thus, we will remain neutral until surpassing one of the mentioned levels and manage to detect the main targets mentioned in our previous report.
MoreGBPJPY repeats fluctuating below the barrier – Analysis – 29-3-2018
The GBPJPY pair continued to provide new sideways trades below 150.80 barrier, to increase the chances of forming negative trades in the near term and medium term period, while confirming the negativity requires crawling below the moving average 55 to ease the attempt to reach 149.00 level that forms the first negative target.
MoreEURJPY keeps the negativity – Analysis – 29-3-2018
The EURJPY pair provided new positive close above the moving average 55 that forms initial support around 131.00, confirming the affection by the bullish bias, while stochastic approach to 80 level eases the attempt to gather the required positive momentum to resume the bullish attack and wait to reach 132.20.
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