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Platinum price is slow – Analysis – 17-1-2022

Economies.com
2022-01-17 06:40AM UTC

Platinum price formed slow trades despite its frequent above 925.00 support line, affected by the negativity of the moving the average that keeps forming solid barrier at 1000.00.

 

These factors confirm surrendering to the domination of the sideways bias until achieving the required breach that will allow the price to continue achieving the positive targets by rallying towards 1040.00 and 1072.00 levels.

 

The expected trading range for today is between 950.00 and 1000.00

 

The expected trend for today: Bullish

Copper price still bullish – Analysis – 17-1-2022

Economies.com
2022-01-17 06:39AM UTC

Copper price lost its positive momentum in the recent trades, which led to form negative rebound from 4.5700 to 4.4000 level, noting that the main stability above the additional support at 4.3500 allows us to keep the bullish overview that might target 4.5200 followed by reaching the next positive target at 1.6200.

 

Any attempt to decline below the additional support and getting negative closings below it confirms postponing the bullish attack, to expect targeting negative levels that might start at 4.2800 followed by reaching 4.1850 levels.

 

The expected trading range for today is between 4.3500 and 4.5000

 

The expected trend for today: Bullish

The USDCHF attempts to recover – Analysis - 17-01-2022

Economies.com
2022-01-17 05:09AM UTC

The USDCHF pair provided positive trades in the previous sessions to breach 0.9135 level, but it begins to decline again now, affected by stochastic negativity, besides the negative pressure formed by the EMA50, which encourages us to suggest the continuation of the bearish bias today to head towards 0.9060 as a next main target.

 

Therefore, the bearish trend will remain expected on the intraday basis, noting that failing to break 0.9135 will lead the pirce to visit 0.9200 as a next positive station.

 

The expected trading range for today is between 0.9080 support and 0.9170 resistance.

 

The expected trend for today: Bearish

The NZDUSD breaks the support – Analysis - 17-01-2022

Economies.com
2022-01-17 05:09AM UTC

The NZDUSD pair broke 0.6820 level strongly and settled below it, to head towards resuming the main bearish track again, on its way to visit 0.6700 level mainly.

 

Therefore, we expect to witness additional decline in the upcoming sessions, noting that breaching 0.6820 will stop the current negative pressure and lead the price to return to the correctional bullish trend again.

 

The expected trading range for today is between 0.6750 support and 0.6830 resistance

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Platinum today?

The price of Platinum is $1417.40 (2025-07-14 20:54PM UTC)