Midday update for Gold 18-02-2020
Gold price shows more bullish bias that supports the expectations of continuing the rise in the upcoming sessions, to keep our positive overview that targets 1611.20 level as a next main station, noting that the EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1575.90.
The expected trading range for today is between 1575.00 support and 1605.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 18-02-2020
The GBPUSD pair did not show any strong move since morning, to continue fluctuating around the EMA50 and begins attempts to rise now, which keeps our bullish overview as it is without any change for today, which targets 1.3150 level as a first station, while achieving it requires holding above 1.2990.
The expected trading range for today is between 1.2920 support and 1.3090 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 18-02-2020
The EURUSD pair continues to crawl negatively to approach 1.0800 barrier, to keep the bearish trend scenario valid for the rest of the day, which its next target located at 1.0760, while holding below 1.0860 represents key condition for its continuation, as breaching it will push the price to start recovery attempts and achieve intraday gains that start by testing 1.1050 areas.
The expected trading range for today is between 1.0750 support and 1.0900 resistance.
The expected trend for today: Bearish
Copper price repeats the positive closings – Analysis – 18-2-2020
No change to Copper price track that keeps providing positive closings above the initial support 2.5500, also, the stability of the key support 2.5000 confirms the continuation of the positivity to keep waiting to gather new positive momentum followed by extending trading towards 2.650 and 2.6950 levels.
The expected trading range for today is between 2.5500 and 2.6500
The expected trend for today: Bullish