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Platinum is forced to fluctuate on a temporary sideways range – Analysis – 24-2-2020
Platinum price returned to form a temporary sideways trading, due to the contradiction between the main indicators, to notice its stability neat 970.00 level, but the positive stability above the initial support level at 950.00 makes us keeps preferring the bullish attempt, gathering a new positive momentum makes us expect the price rally to 1025.00 barrier directly, and surpassing it will open the way towards the bullish channel’s resistance at 1075.00 for today.
The expected trading range for today is between 950.00 and 1025.00
The expected trend for today: Bullish
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The GBPJPY keeps the bullish correctional track – Analysis – 24-2-2020
The GBPJPY pair price repeated its positive fluctuation above 143.80 level, confirming its surrender to the bullish correctional bias domination, recording some of the positive targets by hitting 145.00 level in the last period.
MoreThe EURJPY keeps the bullish bias – Analysis – 24-2-2020
The EURJPY pair provided a new positive close by its stability above 120.30 level, confirming the continuation of the suggested bullish correctional trading, by the above image, we notice the price fluctuation above the moving average 55, to increase the chances for renewing the bullish attack, to keep waiting for surpassing 121.30 level in order to reach the main resistance at 121.80.
MoreThe Japanese index begins a strong negativity– Analysis – 24-2-2020
The Japanese index price opened its trading for today with a strong negativity, as it forms a negative price gap, settled below the bullish channel’s support at 23080, and recording big losses by its decline directly to 22467.60.
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