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Platinum gains new positive momentum – Analysis – 22-10-2021
Platinum price succeeded to gather the additional positive momentum due to stochastic approach near 20 level, to support he continuation of the positivity by rallying towards 1060.00, thus, we will keep waiting to form new bullish rally and target 1072.00 initially, while surpassing this obstacle might extend trades towards 1105.00.
The expected trading range for today is between 1040.00 and 1072.00
The expected trend for today: Bullish
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Copper price holds above the support – Analysis – 22-10-2021
No change to copper price bullish track as it remains consolidated above the bullish channel’s support line at 4.5450, which might force the price to form sideways fluctuation due to the lack of the positive momentum, to confine trades between the current support and 4.7800.
MoreThe USDCHF keeps its negative stability – Analysis - 22-10-2021
The USDCHF pair settles below 0.9200 level, to keep the negative pressure valid for the upcoming period, supported by the EMA50, waiting to head towards 0.9140 that represents our next main target, reminding you that the continuation of the expected bearish wave depends on the price stability below 0.9200.
MoreThe NZDUSD is under the negative pressure – Analysis - 22-10-2021
The NZDUSD pair settles below 0.7170 evel, which pushes the price to achieve more expected decline on the intraday basis, as a bearish correction for the rise measured from 0.6909 to 0.7217.
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