The EURJPY moves to the bullish track – Analysis – 17-3-2022
The EURJPY pair confirmed the bullish track by surpassing 129.80 barrier, to notice forming strong bullish attack by reaching 131.45, while the stability within the bullish track in addition to stochastic reach to the overbought areas allow us to expect resuming the bullish attack, to target new positive levels that might start at 132.60 followed by reaching 133.55 barrier.
The expected trading range for today is between 130.40 and 132.60
The expected trend for today: Bullish
The GBPJPY surpasses the targets – Analysis – 17-3-2022
The GBPJPY pair confirmed its surrender to the domination of the bullish bias since providing positive closings above the bullish channel’s support line at 153.30, to notice surpassing the initial positive targets and touching 156.55 level.
The major indicators continue to provide the positive momentum, and 155.00 level keeps attempting to form additional support, which allow us to suggest more rise until reaching the main resistance at 157.80, followed by waiting the next close to manage to confirm the next main targets.
The expected trading range for today is between 155.00 and 157.80
The expected trend for today: Bullish
Platinum price continues to postpone the positivity – Analysis – 17-3-2022
Platinum price still affected by the correctional bearish bias domination to remain consolidated below 1072.00 that forms additional barrier against the recent trades, also, stochastic continuous negative momentum signals allow us to continue suggesting the negative attempts that might target 950.00 in the near term basis.
On the other hand, succeeding to jump above 1072.00 and providing positive close will cancel the effect of the correctional negative bias, to start suggesting the positive attempts and expect rallying towards 1110.00 followed by reaching 1160.00 soon.
The expected trading range for today is between 1045.00 and 950.00
The expected trend for today: Bearish
Copper price fluctuates above the moving average – Analysis – 17-3-2022
Copper price was affected by the moving average 55 that formed additional support at 4.4600, to decrease its intraday losses and notice forming bullish wave, achieving 4.6200 level and decreasing the effect of the correctional bearish track.
We notice stochastic exit from the oversold areas to end the negative pressures and allow the price to renew the main bullish attempts that might target 4.7200 and 4.8100 levels.
The expected trading range for today is between 4.4600 and 4.7200
The expected trend for today: Bullish