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Platinum price provides mixed trades – Analysis – 25-5-2022
Platinum price continues to provide mixed trades due to the frequent move within the sideways track represented by 990.00 resistance and 915.00 support, also, the contradiction between the major indicators allows us to stay neutral until surpassing one of the major levels to detect the next main trend.
We remind you that succeeding to breach the resistance will push the price to form strong bullish wave to target many gains that start at 1040.00, while crawling below the support and getting negative close will force the price to suffer big losses by moving towards 890.00 and 855.00 levels.
The expected trading range for today is between 980.00 and 930.00
The expected trend for today: Neutral
The GBPJPY fluctuates within the bullish track – Analysis – 25-5-2022
The GBPJPY pair formed bearish wave yesterday, affected by stochastic fluctuation below 80 level, to touch 158.00 level, while this rebound won’t form any threat to the bullish track due to the main stability within the bullish channel and forming continuous support at 157.60 as appears on the chart.
Therefore, we will keep waiting to gather the additional positive momentum to assist to activate the bullish track again, to expect reaching 160.60 followed by attempting to press on the additional barrier at 161.70 to form the first main target of the bullish track.
The expected trading range for today is between 158.30 and 160.60
The expected trend for today: Bullish
The EURJPY needs to surpass the barrier – Analysis – 25-5-2022
The EURJPY pair formed sideways fluctuation despite its consolidation within the bullish track, affected by 136.80 level forming solid obstacle against the attempt to resume the bullish attack, to notice fluctuating near 136.00.
We will depend on 134.80 level forming additional support to expect gathering the additional positive momentum and start forming bullish waves to manage to surpass the mentioned obstacle and reach the additional targets 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 Australian index begins with new positivity – Analysis – 25-5-2022
The Australian index ended its correctional bearish rebound by testing the moving average 55 near 6880, to form strong support and assist to attempt to renew the bullish rally, to notice approaching the additional barrier at 7220.
We expect stochastic to attempt to provide the positive momentum to surpass the mentioned barrier and ease the mission of renewing the bullish attempts, to expect moving towards 7280 followed by reaching the next main target at 7450.
The expected trading range for today is between 7125 and 7280
The expected trend for today: Bullish