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Copper price declines calmly – Analysis – 12-3-2020
Copper price gained a new negative momentum yesterday, due to stochastic approach from 20 level, to notice its decline calmly, attempting to settle below 2.4500 level.
and that supports our bearish suggestion, which targets the bearish channel’s support at 2.3850 then monitor its attitude to detect the main targets in the upcoming period trading.
The expected trading range for today is between 2.4850 and 2.3850
The expected trend for today: Bearish
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Platinum responds to the negative pressures – Analysis – 12-3-2020
Platinum price began to respond to the repeated negative pressures, to notice its decline to 860.00 level in order to find an exit to resume the waited negative attack, reminding you that the stability of the initial target at 830.00 level, and continuation of providing negative momentum by the main indicators, so that will ease the mission of reaching the critical support at 790.00.
MoreThe GBPJPY continues to decline – Analysis – 12-3-2020
The GBPJPY pair succeeded to decline below 134.70 level yesterday, to reach the waited negative stations, achieving 133.35 level, and the price might be forced to form some of the sideways fluctuation until gathering the required extra negative momentum to resume recording the negative targets that are located at 131.55 and 130.65
MoreThe EURJPY keeps the negativity – Analysis – 12-3-2020
The EURJPY pair kept its negative stability by providing a new negative close below 118.50 level, to notice reaching to the initial main target at 117.35, gathering a new negative momentum makes us expect begin forming a new bearish attack, to press on 115.80 support, note that breaking this obstacle will open the way towards recording more of the negative targets that begin at 114.80.
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