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Copper price gets the positive momentum – Analysis – 3-8-2022
Copper price succeeded to keep the correctional bullish track by gathering the positive momentum to continue fluctuating above the main support at 3.1300, to notice renewing the chances of holding above 50% Fibonacci correction level at 3.5000.
These factors allow us to continue suggesting the bullish attempts that might target 3.6300 initially, while surpassing this obstacle might extend trades towards 3.8500 as a next main target for the bullish bias.
The expected trading range for today is between 3.3500 and 3.6300
The expected trend for today: Bullish
The USDCHF achieves intraday gains – Analysis - 03-08-2022
The USDCHF pair provided clear positive trades yesterday to breach 0.9530, but it faces solid resistance formed by the EMA50 at 0.9585, to force the price to rebound bearishly by today’s open, accompanied by witnessing clear negative signals through stochastic now.
MoreThe NZDUSD surpasses the negative target – Analysis - 03-08-2022
The NZDUSD pair achieved more decline yesterday to surpass the suggested negative target at 0.6257 and settles below it, but it begins today with clear positivity to hint the attempt to regain the correctional bullish trend, to stay aside until the price confirms its situation according to the mentioned level, which represents the next trend key.
MoreThe AUDUSD consolidates above the key support – Analysis - 03-08-2022
The AUDUSD pair continued to decline to reach 0.6910 level, noticing that the price begins today with clear positivity to hint resuming the correctional bullish trend, to suggest the bullish bias in the upcoming sessions, targeting 0.6980 followed by 0.7050 levels as next main stations.
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