The EURJPY renews the negative fluctuation – Analysis – 7-8-2019
The EURJPY pair confirms its affected by the bearish bias domination by providing negative close below the initial resistance 120.70, to increase the chances of the decline and starting to record the waited negative targets, expecting to press negatively on 118.60 level to break it and allow the price to reach the main support at 117.45.
The above chart shows the stability of trading within the main bearish channel, to reinforce our negative overview for the upcoming period, while stochastic contradiction by rallying towards 50 level might force the price to form sideways fluctuation until gathering new negative momentum to ease the mission of reaching the main negative stations.
The expected trading range for today is between 120.00 and 118.00
The expected trend for today: Bearish
Copper price has no escape from the decline – Analysis – 7-8-2019
Despite Copper price forming sideways trading recently, its fluctuation below 2.6200 resistance confirms surrendering to the main bearish bias domination, thus, we will keep waiting to record new negative targets support by stochastic move at the oversold areas, and the negative targets begin at 2.4660 followed by 2.2680.
The expected trading range for today is between 2.5940 and 2.4660
The expected trend for today: Bearish
Platinum moves slowly – Analysis – 7-8-2019
Platinum price continued to provide slow sideways trading recently, attempting to postpone the main bearish attack, while the price have many negative factors, as the price consolidates below the bearish channel’s resistance at 875.00, besides the stability of the moving average 55 above the current trades, these factors agree the negative overview, waiting to form strong negative trades to target 840.00 followed by 790.00 levels.
The expected trading range for today is between 860.00 and 830.00
The expected trend for today: Bearish
The GBPJPY keeps the negativity – Analysis – 7-8-2019
The GBPJPY pair kept its negative stability below the initial resistance 130.00, to increase the efficiency of the negative scenario, noticing the beginning of forming negative trades by settling at 129.10.
These factors allow us to suggest more negative attempts, expecting to move towards 128.25 level, while breaking this barrier might extend trades towards the first main target at 126.50.
The expected trading range for today is between 130.00 and 128.25
The expected trend for today: Bearish