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Platinum price provides a new positive close– Analysis – 6-6-2022

Economies.com
2022-06-06 05:13AM UTC

Platinum price provided a new positive close above 988.00 level, to increase the chances for resuming the bullish attack in the upcoming trading, it is important to wait for the price surpass to the barrier at 1042.00 level, to open the way towards new positive stations that might begin at 1075.00 and 1110.00.

 

The stability of the moving average 55 near the support at 988.00, to confirm the trading confinement within the bullish track, to provide new positive momentum, to increase the chances for reaching the extra suggested targets.

 

The expected trading range for today is between 1005.00 and 1055.00

 

The expected trend for today: Bullish

 

The GBPJPY hits the target – Analysis – 6-6-2022

Economies.com
2022-06-06 05:13AM UTC

The GBPJPY pair formed a new bullish rally in last Friday, to hit the target at 164.10 that represents 23.6% Fibonacci correction level, which forces it to rebound directly at 163.20.

 

In general, the bullish suggestion will remain valid depending on the extra support near 162.45, besides the continuation of providing positive momentum that makes us prefer more of the bullish attempts that targets 164.80 and 165.40.

 

The expected trading range for today is between 162.60 and 164.80

 

The expected trend for today: Bullish

 

The EURJPY keeps the positivity– Analysis – 6-6-2022

Economies.com
2022-06-06 05:13AM UTC

The EURJPY pair got advantage from its positive stability above 139.40 level, to notice forming new bullish trading, achieving 140.38 level reinforcing the domination of the expected bullish bias.

 

Stochastic stability within the overbought level assists to renew the bullish attempts, to keep waiting for hitting 140.80 level, and surpassing it might extend the trading towards new stations that begin at 141.45.

 

The expected trading range for today is between 139.40 and 140.80

 

The expected trend for today: Bullish

 

The Brazilian index loses the positive momentum – Analysis – 6-6-2022

Economies.com
2022-06-06 05:13AM UTC

The Brazilian index price ended the bullish correctional rebound by hitting 113570 level, affected by stochastic negativity that is located below 50 level, which increases the chances for renewing the main bearish attack.

 

While the continuation of fluctuation of the trading below the moving average 55, so that will force it to form strong bearish waves in the current period, to expect recording 109040 level, reaching the next main target at 107060.

 

The expected trading range for today is between 112150 and 109040

 

The expected trend for today: Bearish