The EURJPY provides new positive signal – Analysis – 5-1-2022
The EURJPY pair provided new positive signal by fluctuating above 130.95 level and recording new positive target by reaching 131.45, while stochastic exit from the overbought areas allows us to expect forming temporary sideways fluctuation before attempting to achieve the additional targets represented by 131.85 and 132.45 levels.
On the other hand, continuing to face the temporary negative pressures will increase the chances of forming correctional bearish rebound, to expect testing 129.85 support line before recording any new positive target.
The expected trading range for today is between 130.55 and 131.85
The expected trend for today: Bullish
The GBPJPY hits the target – Analysis – 5-1-2022
The GBPJPY pair formed new bullish attack yesterday to reinforce the domination of the bullish bias, to notice touching the next main target at 157.40 and form new obstacle against the bullish attempts.
These factors interpret the attempt to form the temporary negative rebound, allowing us to wait to gather the additional positive momentum to ease the mission of breaching 157.40 and reach the next target at 158.60.
The expected trading range for today is between 156.15 and 157.40
The expected trend for today: Sideways
Platinum price keeps the positivity – Analysis – 5-1-2022
No change to platinum price bullish track despite the recent weak trades, while the stability of 925.00 support line and stochastic positive momentum signals allow us to keep the bullish overview.
We expect to move towards 1000.00 level soon, to press on the moving average 55, while breaching this obstacle will push the price to reach new positive stations that might start at 1040.00 and 1070.00.
The expected trading range for today is between 950.00 and 1000.00
The expected trend for today: Bullish
Copper price attempts to recover – Analysis – 5-1-2022
Copper price started to get the positive momentum, to attempt to recover and start the bullish track again, to notice settling near 4.4200 now, while the bullish scenario depends on the stability of the additional support at 4.3300 that represents the moving average 55.
Therefore, we will keep waiting to touch the first target at 4.5200, while surpassing it will push the price to reach the next station at 4.6200.
The expected trading range for today is between 4.3800 and 4.5200
The expected trend for today: Bullish