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Platinum price surrenders to the resistance stability – Analysis – 3-8-2022
Platinum price renewed the sideways trades, affected by the stability of 925.00 resistance line, to decrease the chances of resuming the correctional bullish rally and rebound towards 900.00.
Also, stochastic begins to provide the negative momentum by exiting the overbought areas, which might assist to activate the negative track for now, expecting to suffer some losses by reaching 875.00 and 855.00 levels.
The expected trading range for today is between 925.00 and 855.00
The expected trend for today: Bearish
Copper price gets the positive momentum – Analysis – 3-8-2022
Copper price succeeded to keep the correctional bullish track by gathering the positive momentum to continue fluctuating above the main support at 3.1300, to notice renewing the chances of holding above 50% Fibonacci correction level at 3.5000.
MoreThe USDCHF achieves intraday gains – Analysis - 03-08-2022
The USDCHF pair provided clear positive trades yesterday to breach 0.9530, but it faces solid resistance formed by the EMA50 at 0.9585, to force the price to rebound bearishly by today’s open, accompanied by witnessing clear negative signals through stochastic now.
MoreThe NZDUSD surpasses the negative target – Analysis - 03-08-2022
The NZDUSD pair achieved more decline yesterday to surpass the suggested negative target at 0.6257 and settles below it, but it begins today with clear positivity to hint the attempt to regain the correctional bullish trend, to stay aside until the price confirms its situation according to the mentioned level, which represents the next trend key.
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