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Platinum holds positively – Analysis – 2-8-2016
Platinum price was affected by the bullish bias domination, to notice positive closings above 1140.00 support, which confirms the stability of the price within the bullish channel and wait to surpass the first target at 1165.00 followed by starting to achieve more targets by reaching 1195.00 followed by 1170.00 in the upcoming period.
Stochastic intraday negativity supports forming intraday fluctuation until gathering the positive momentum again, to confirm the attempt to reach our targets, also, the moving average 55 consolidation below the price increases the positive pressure to allow it to breach the current barrier.
Expected trading range for today is between 1140.00 and 1195.00
Expected trend for today: Bullish
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EURJPY still negative – Analysis – 2-8-2016
Despite the weak trading of the EURJPY pair, but we assure the continuation of the negativity for the upcoming trading depending on the stability above the initial barrier 115.10, besides the price stability within the bearish channel as appears on chart, thus, we will keep waiting to reach the main target at 112.50 that forms the extension of the main support.
MoreGBPJPY holds above the support – Analysis – 2-8-2016
No news for the GBPJPY pair, as its affected by some negative pressures that forced it to settle around 134.50 support, while the stability of this support allows us to wait to gather the bullish momentum again, which will open the way to reach our targets that reach to 137.00 then 140.00.
MoreFrance: Allianz fluctuates within the bearish channel – Analysis – 2-8-2016
Allianz shares price formed some positive rebound recently to approach from the bearish channel's resistance at 130.10, to be affected by the positivity of the moving average 55 due to its stability below the price, while holding below the mentioned resistance allows us to wait to form new negative attack to attempt to break 124.60 level and open the way to reach more targets that extend towards 120.55 followed by 115.30.
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