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Platinum price settles below the barrier – Analysis – 23-2-2023
No change to platinum price negative track until this moment by consolidating below 965.00 barrier, while the price needs to gather the negative momentum again to manage to activate the bearish track, expecting to crawl towards 935.00 soon, followed by attempting to crawl below the additional support at 925.00 in order to reinforce the domination of the negative trades for the upcoming period.
We remind you that surpassing the mentioned barrier and holding above it will postpone the decline by moving to the correctional bullish track, to attempt to cover some losses by moving towards 985.00 and 1010.00.
The expected trading range for today is between 960.00 and 930.00
The expected trend for today: Bearish
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Copper price awaits the additional momentum – Analysis – 23-2-2023
Copper price returned to form new sideways trades after touching 4.2250 level recently, affected by stochastic exit from the overbought areas, expecting to continue forming sideways fluctuation, reminding you that the main stability within the bullish channel allows us to wait to gather the required additional positive momentum to resume the targets near 4.3000 and 4.5100.
MoreThe USDCHF touches the target – Analysis - 23-02-2023
The USDCHF pair managed to touch our first target at 0.9316 and settles there, and it might show some temporary decline affected by stochastic negativity, to head towards potential test to the intraday bullish channel’s support line before resuming the positive trades again.
MoreThe NZDUSD within sideways track – Analysis - 23-02-2023
The NZDUSD pair fluctuates within sideways track as appears on the chart, moving near the bearish channel’s resistance, and the EMA50 meets this resistance to add more strength to it, waiting to resume the bearish wave that targets testing 0.6140 as a next station.
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