The EURJPY gathers its strength– Analysis – 21-8-2019
The EURJPY pair is forced to provide a new sideways trading, to face the negative pressures, increasing the chances for forming the waited bullish correctional trading, providing a new positive momentum by stochastic by its approach from 50 level, so that confirms gathering Its strength, which makes us prefer its rally to the upside towards several positive levels that begin at 119.00 and 121.05.
The stability of the support at 117.15, to avoid any losses that might be caused by the attempt of changing the current trend, therefore, we should monitor the price behavior if it attempts to test this support again.
The expected trading range for today is between 117.50 and 119.00
The expected trend for today: Bullish
Copper price approaches from the initial target – Analysis – 21-8-2019
Copper price began to respond to the negative pressures by forming a new bearish wave, approaching from the initial negative target at 2.5500, reminding you that the negative scenario depends on the stability of the resistance at 2.6200 besides providing repeated negative pressures from the main indicators, which increases the chances for reaching the next station by hitting 2.4660 level in the near and medium period.
The expected trading range for today is between 2.6000 and 2.5000
The expected trend for today: Bearish
Platinum repeats the negative attempts– Analysis – 21-8-2019
In spite of Platinum price last trading, but its repeated stability within the bearish channel levels forms a main factor to confirm the negative attempts of the near and medium period trading, noticing stochastic approach from 840.00 level again, to get advantage from the negative pressures, opening the way towards the initial main target by hitting 790.00 level.
The stability of the moving average 55 near the main resistance at 865.00 confirms the trading confinement within the negative range, accompanied with stochastic negativity by reaching 50 level to increase the chances for gathering a new negative momentum in the current trading.
The expected trading range for today is between 860.00 and 790.00
The expected trend for today: Bearish.
The GBPJPY surrendered to the contradiction of the indicators – Analysis – 21-8-2019
The GBPJPY pair continued providing weak sideways trading by its stability near the resistance at 130.00, due to the continuation of the main indicators contradiction, while facing stochastic positivity and its stability below the current resistance, so that confirms its readiness to build a strong negative trading, to target 128.10 and 126.50 level.
While the price rally above the current resistance will force it to form new bullish correctional trading, to target positive levels that begin at 131.70 reaching to the critical resistance at 133.00.
The expected trading range for today is between 130.00 and 128.10
The expected trend for today: Bearish