The EURJPY resumes the positive correction – Analysis – 11-3-2022
The EURJPY pair continued to provide correctional bullish trades, taking advantage of the positive stability above 126.85 level in addition to stochastic crawl towards 80 level as appears on the chart.
Therefore, we suggest more positive attempts until testing 129.50 resistance line, followed by monitoring the price behavior due to the importance of this level to detect the next main trend.
The expected trading range for today is between 127.20 and 129.50
The expected trend for today: Bullish
The GBPJPY repeats the pressure on the resistance – Analysis – 11-3-2022
The GBPJPY pair repeated its fluctuation near 152.85 resistance line, taking advantage of stochastic positivity by postponing the negative attempts until this moment, reminding you that the frequent stability below the current resistance will increase the chances of renewing the negative attack that might target 151.30 followed by 149.60 in the medium term period.
On the other hand, succeeding to breach the resistance will confirm regaining the bullish bias, to provide strong positive motive to achieve many gains by rallying towards 153.70 and 155.10 levels.
The expected trading range for today is between 153.30 and 151.80
The expected trend for today: Bearish
Platinum price lacks the positive momentum – Analysis – 11-3-2022
Platinum price lost its positive momentum after stochastic exit from the overbought areas, confirming its surrender to the domination of the correctional bearish bias, to notice its consolidation near 1063.00, noting that the attempt to crawl below 1040.00 will force it to suffer additional losses that might extend towards 1010.00 initially, followed by reaching the next support at 950.00.
The expected trading range for today is between 1110.00 and 1010.00
The expected trend for today: Bearish
Copper price under the negative pressure – Analysis – 11-3-2022
Copper price still affected by the temporary negative pressures to notice its fluctuation below 4.4700 barrier, in addition to the continuous negative momentum coming by stochastic.
These factors postpone the bullish attempts, waiting to crawl below 4.4600 level to face the moving average 55, while surpassing it might extend losses towards 4.2600 to test the main bullish channel’s support line.
The expected trading range for today is between 4.6500 and 4.4600
The expected trend for today: Bearish