|
Copper price keeps the negativity – Analysis – 18-7-2018
Copper price hinted keeping the bearish bias due to providing new negative closings below the initial resistance 2.8500, reminding you that it is important to break 2.7000 level to open the way to achieve more targets in the near term and medium term period by moving towards 2.6200 followed by reaching 61.8% Fibonacci correction level at 2.5500.
Stochastic attempt to form new negative wave assists to provide new negative momentum and increases the chances of achieving the required break to confirm the continuation of the negativity for the upcoming period.
Expected trading range for today is between 2.8000 and 2.6200
Expected trend for today: Bearish
Thanks for your feedback.
Platinum continues to crawl negatively – Analysis – 18-7-2018
Platinum price continued to provide negative crawling, affected by the stability of 870.00 resistance, confirming the surrender to the bearish bias domination, while we expect to face 790.00 barrier first, waiting to break this level to confirm the preparation to achieve new negative targets in the near term and medium term period by reaching 748.00 followed by 675.00.
MoreGBPJPY touches the moving average – Analysis – 18-7-2018
The GBPJPY pair ended its intraday rebound yesterday by facing the moving average 55 at 148.00, to form the initial support against the bullish attempts, assuring the importance of this support line stability to increase the chances of resuming the bullish attack that will target 149.40 level followed by reaching the first main target at 150.80.
MoreNo change to the EURJPY – Analysis – 18-7-2018
The EURJPY pair was forced to show some intraday rebound by moving towards 131.50 level, affected by stochastic attempt to exit the overbought areas, assuring the importance of the stability of 131.00 support line today to confirm the continuation of the positivity, to increase the chances of rallying towards 132.20 that represents the first main target.
More