The EURJPY repeats the negative closings – Analysis – 26-7-2022
The EURJPY pair kept its negative stability below 140.10 resistance line until this moment, to increase the chances of forming strong negative trades that might push it to reach 138.50 and 136.70 levels.
We notice stochastic continuous fluctuation near 20 level to assist to provide the required negative momentum to achieve the suggested negative targets.
The expected trading range for today is between 139.70 and 138.50
The expected trend for today: Bearish
Platinum price moves away from the support – Analysis – 26-7-2022
Platinum price renewed forming bullish trades to move away from the major support 830.00, recording some positive targets by moving towards 885.00, also, stochastic continuous positive momentum signals will increase the chances of reaching the major targets at 900.00 and 925.00.
The expected trading range for today is between 875.00 and 925.00
The expected trend for today: Bullish
The GBPJPY is unstable – Analysis – 26-7-2022
The GBPJPY pair provided mixed trades that hint the instability due to the contradiction between the major indicators, in addition to the stability of the additional barrier at 165.40 that hinders the attempt to renew the bullish attack that depends on the main stability within the bullish channel.
In case the price continued to fluctuate below the mentioned additional barrier, that will allow us to keep the negative attempts that might target 163.40 followed by 162.60 levels, while breaching the barrier will reinforce the domination of the bullish bias, which allows us to wait to achieve many positive targets that might start at 166.20 and 167.00.
The expected trading range for today is between 165.00 and 163.40
The expected trend for today: Bearish
Copper price begins to rise – Analysis – 26-7-2022
Copper price begins to activate the correctional bullish track by rallying towards 3.4100, taking advantage of stochastic attempt to exit the oversold areas.
We expect to resume the bullish attempts to press on 3.5000 barrier followed by monitoring its behavior, as breaching this barrier will push the price to reach new positive stations that start at 3.6300, while the stability of the barrier might force it to decline again towards 3.2400 and 3.1300.
The expected trading range for today is between 3.3100 and 3.5000
The expected trend for today: Bullish