The EURJPY is hesitant – Analysis – 16-3-2022
The EURJPY pair kept its sideways stability near 129.85 barrier, affected by the continuous positive momentum coming by the major indicators, to decrease the chances of forming any negative wave now.
These factors increase the chances of confining trades within tight range represented by the mentioned barrier and 129.10 support, to stay neutral and wait to surpass one of these levels to detect the next main trend.
The expected trading range for today is between 129.10 and 129.85
The expected trend for today: Neutral
The GBPJPY confirms the positivity – Analysis – 16-3-2022
The GBPJPY pair continued to provide positive trades above the bullish channel’s support line at 153.30, to notice achieving some initial targets by touching 154.70 level, while stochastic crawl towards the overbought areas will assist to renew the bullish attempts, to keep our expectations of attempting to surpass 154.90 level followed by extending trades towards 156.10 as a first main target for the bullish bias.
The expected trading range for today is between 153.60 and 154.90
The expected trend for today: Bullish
Platinum price surpasses the first target – Analysis – 16-3-2022
Platinum price confirmed its affection by the domination of the correctional bearish bias by surpassing the moving average 55 that formed the first negative target at 1005.00, to notice touching 1063.00.
Also, getting the additional negative momentum by stochastic will increase the chances of resuming the negative trades, to expect moving towards 950.00 followed by reaching the historical support at 908.00.
The expected trading range for today is between 1025.00 and 950.00
The expected trend for today: Bearish
Copper price repeats the negative attempts – Analysis – 16-3-2022
Copper price still affected by the negative pressures, forming new negative waves to decrease the effect of the moving average 55 stability near 4.4600, which hinders the attempt to resume the negative correction that targets 4.3600 followed by reaching the key support 4.2600.
Also, the frequent negative stability below 4.7200 barrier confirms the weakness of trades, to keep waiting to achieve the required break followed by reaching the suggested negative stations.
The expected trading range for today is between 4.6100 and 4.3600
The expected trend for today: Bearish