The EURJPY is slow – Analysis – 8-8-2019
There is no new for the EURJPY pair for today, affected by the contradiction between the main indicators, to keep its sideways fluctuation near 119.00 level, reminding you that the repeated stability below the initial resistance at 120.70 will increase the chances for resuming the negative attack, which targets breaking the support at 117.45, opening the way towards building a new bearish trading in the upcoming period.
While the price rally above the initial resistance will delay the negative attack, which forces it to build a bullish correctional trading that might target 121.20 and 122.70 level, before recording any new negative target.
The expected trading range for today is between 120.70 and 118.00
The expected trend for today: Bearish
Germany: Deutsche Bank shares price prepares to decline – Analysis – 8-8-2019
Deutsche price ended its sideways fluctuation by providing a new negative close below the initial resistance at 9.32, to keep its main stability within the bearish channel levels that appear in the above image.
Stochastic surpass to the overbought level confirms getting rid of the positive pressures, to increase the chances for gathering the negative momentum again, to ease the price mission to reach to the negative stations that are represented by 5.60 level reaching to the critical support at 4.00.
The expected trading range for today is between 7.30 and 5.60
The expected trend for today: Bearish
Platinum repeats the negative closings – Analysis – 8-8-2019
In spite of forming several sideways trading by Platinum price, but its main stability below the bearish channel’s resistance at 875.00 forms a main factor that confirm the continuation of the negativity in the upcoming trading.
Gaining a new negative momentum will ease the pressing attempt on 840.00 level, as breaking it will open the way towards declining to the initial support at 795.00.
The expected trading range for today is between 875.00 and 840.00
The expected trend for today: Bearish
Copper price looks for a new momentum – Analysis – 8-8-2019
Copper price failed to record any new negative target, due to its neediness to the negative momentum, to notice the price attempt to rally towards testing the resistance at 2.6200 level, and the stability of this resistance against the bullish correctional trading is important, to confirm the price attempt to gather the negative momentum again, then begin recording the targets at 2.4660 and 2.2700.
Stochastic surpass to the oversold level forms a main factor to delay the negative attack, to increase the chances for testing the resistance until it succeed to gather a new negative momentum as we waited previously.
The expected trading range for today is between 2.6200 and 2.5000
The expected trend for today: Bearish