|
Copper price awaits the additional momentum – Analysis – 23-2-2023
Copper price returned to form new sideways trades after touching 4.2250 level recently, affected by stochastic exit from the overbought areas, expecting to continue forming sideways fluctuation, reminding you that the main stability within the bullish channel allows us to wait to gather the required additional positive momentum to resume the targets near 4.3000 and 4.5100.
The expected trading range for today is between 4.1000 and 4.3000
The expected trend for today: Bullish
Thanks for your feedback.
The USDCHF touches the target – Analysis - 23-02-2023
The USDCHF pair managed to touch our first target at 0.9316 and settles there, and it might show some temporary decline affected by stochastic negativity, to head towards potential test to the intraday bullish channel’s support line before resuming the positive trades again.
MoreThe NZDUSD within sideways track – Analysis - 23-02-2023
The NZDUSD pair fluctuates within sideways track as appears on the chart, moving near the bearish channel’s resistance, and the EMA50 meets this resistance to add more strength to it, waiting to resume the bearish wave that targets testing 0.6140 as a next station.
MoreThe AUDUSD approaches the target – Analysis - 23-02-2023
The AUDUSD pair provided additional negative trades to reach the thresholds of the waited target at 0.6780, showing some temporary bullish bias affected by stochastic positivity, which begins to lose the positive momentum gradually, waiting to motivate the price to resume the correctional bearish wave that its next target reaches 0.6665.
More