The EURJPY repeats the bullish attempts – Analysis – 18-3-2022
The EURJPY pair kept its positive fluctuation above 23.6% Fibonacci correction level at 130.80, to support the chances of resuming the bullish attack by touching 131.90.
Also, the major indicators provide the positive momentum, to assist to provide additional chances to reach 132.60 level soon, while surpassing this level might extend trades towards the additional barrier at 133.55 as a main target for the current trades.
The expected trading range for today is between 131.00 and 132.60
The expected trend for today: Bullish
The GBPJPY keeps the positivity – Analysis – 18-3-2022
The GBPJPY pair succeeded to hold above the additional support 155.00, to notice forming new bullish trades and reinforce the continuation of the previously suggested positivity by reaching 156.40.
Note that stochastic stability within the overbought areas will provide the price with additional positive momentum, to ease the mission of achieving additional gains and expect moving towards 157.80 followed by monitoring the price behavior due to the importance of this level to determine the next main targets.
The expected trading range for today is between 155.70 and 157.80
The expected trend for today: Bullish
Platinum price is weak – Analysis – 18-3-2022
No change to platinum price negative track until this moment, due to the continuous negative momentum coming by stochastic, in addition to the frequent negative fluctuation below 1072.00 barrier.
These factors allow us to keep the negative overview that might target 980.00 and 950.00 levels, while rallying above the mentioned barrier will cancel the correctional negative effect to start suggesting the bullish attempts, expecting to move towards 1110.00 and 1160.00 levels.
The expected trading range for today is between 1045.00 and 950.00
The expected trend for today: Bearish
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Copper price touches the barrier – Analysis – 18-3-2022
Copper price rallied upwards yesterday to touch the target at 4.7200, which forms an obstacle against the positive trades, expecting to confine trades within sideways range unless breaching this barrier, with chances to decline temporarily towards 4.5500.
On the other hand, achieving the required breach will support the continuation of the positivity for the upcoming period, to expect targeting 4.8100 followed by reaching the psychological barrier at 5.0000.
The expected trading range for today is between 4.5500 and 4.7200
The expected trend for today: Sideways