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Platinum price is waiting to liberate– Analysis – 24-5-2022
No change for Platinum price’s sideways repeated fluctuation within the sideways track by the stability of the main levels at 980.00 as an obstacle against the bullish attempts, while 915.00 level keeps forming a strong support to decelerate the chances for moving to the bearish track.
Reminding you that the price success to breach the mentioned barrier, so that will allow it to form strong bullish trading, to target several gains starting at 1040.00, while reaching below the support and providing negative close will force it to suffer big losses by reaching 890.00 and 855.00.
The expected trading range for today is between 980.00 and 930.00
The expected trend for today: sideways
The GBPJPY approaches from the initial target– Analysis – 24-5-2022
The GBPJPY pair began forming positive trading to approach from the initial target near 161.70, to announce its surrender to the domination of the expected bullish bias, forming an extra support at 159.50 level makes us expect the continuation of stochastic fluctuation above 50 level, gathering positive momentum will allow it to surpass 161.70 level and reaching new positive stations that begin at 162.40 and 163.40.
The expected trading range for today is between 159.80 and 162.40
The expected trend for today: Bullish
The EURJPY refreshes again – Analysis – 24-5-2022
The EURJPY pair gained a new positive momentum yesterday, which allows it to form a new bullish rally, repeating the pressure on 136.80 level and that forms an obstacle against the last bullish attempts, stochastic attempt to approach from 80 level will provide extra positive momentum to ease the mission of achieving the required breach, to expect targeting new positive levels that might begin at 137.10 and 137.90.
The expected trading range for today is between 135.45 and 137.10
The expected trend for today: Bullish
The NZDCAD tests the resistance – Analysis – 24-5-2022
The NZDCAD formed a bullish correctional rebound after recording the negative target at 0.8045, to test the resistance at 0.8290, the stability of this resistance makes us keeps the negative suggestion for the upcoming trading, and 0.8180 level forms the initial negative target for the bearish track reaching 0.8110.
Stochastic reach to the overbought level confirms surpassing the positive pressures, which provides a chance to begin recording the suggested initial targets.
The expected trading range for today is between 0.8270 and 0.8180
The expected trend for today: Bearish