|
EURJPY needs new momentum – Analysis – 17-11-2017
The EURJPY pair was affected by some negative pressures due to stochastic exit from the bought areas, while in general, the price fluctuation above the bullish channel's support around 132.00 confirms the continuation of the positivity for the upcoming trading and expect to gather the required momentum to surpass the initial barrier at 134.00, followed by moving towards the first main target at 135.50.
We should note that attempting to break the bullish channel's support will cancel the bullish overview and start building new bearish bias to target negative levels that start at 131.35 and extend to 129.40.
Expected trading range for today is between 132.00 and 134.00
Expected trend for today: Bullish
Thanks for your feedback.
GBPJPY prepares to the bullish attack – Analysis – 17-11-2017
The GBPJPY pair continued to face the negative pressures to keep its positive consolidation above the key support 147.35, noticing stochastic attempt to form positive wave that provides the price with new positive momentum to confirm the preparation to form strong bullish attack in the near term period.
MorePlatinum pushes on the moving average – Analysis – 17-11-2017
Platinum price provided some bullish trades recently to push on the sideways range barrier at 940.00, represented by the moving average 55, while we need to breach this level to confirm the affection by the bullish bias domination again, to start recording more targets by reaching 980.00 followed by 1020.00 levels.
MoreCopper awaits the correctional targets – Analysis – 17-11-2017
Copper price confirmed the affection by the correctional bearish bias by consolidating below 3.1500 level again, to prepare to record the correctional target that start at 2.9500 with chances of testing the bullish channel's support at 2.8800, while stochastic continues to provide the negative momentum by consolidating within the oversold areas to ease the attempt to reach the waited targets.
More