Midday update for EUR USD 16/04/2014
The EURUSD pair trades positively since morning approaching from 1.3850, reinforcing our waited bullish trend expectations for today, reminding you that our waited main target at 1.4000
Stochastic keeps moving to the upside to support the suggested upside track, which remains valid conditioned by the stability above 1.3780
Expected trading range for today is between: 1.3750 support and 1.4000 resistance.
Expected trend for today: Bullish
Copper in negative level –analysis- 16/4/2014
Copper declined in yesterday’s trading achieving 2.9550 due to getting some bearish momentum which comes from Stochastic, to agree with our bearish expectation if the initial resistance near 3.0500 remained intact, thus we expect the continuation of the price attempt to provide new negative bias and achieving 2.8500 which acts as the main support against the bearish trading.
Expected trading range is between 2.9800 and 2.8500
Expected trend for today: bearish
Platinum hits the moving average – analysis- 16/4/2014
Platinum formed a bearish wave in yesterday’s trading affected by the trading negativity to face the moving average which acts as support at 1427.00, generally, platinum still settled within the main bullish channel as long as the support level remained intact near 1410.00 for today, waiting for gaining new bullish momentum to support the trading and achieving 1475.00
Stochastic forms a bearish wave to increase the negative pressure which might create a chance for platinum decline to hit the main support before any attempt to gather positive momentum which supports the bullish bias domination.
Expected trading range is between 1415.00 and 1475.00
Expected trend for today: bullish
GBP JPY begins its bullish attempts –analysis- 16/4/2014
The pair attempts to gain some bullish momentum continue, which supports the stability of the trading within bullish channel to keep our expectation to wait for achieving 172.70 which represents the extension of the resistance level as appears in the above image.
Stochastic begins to form the required bullish momentum by settling above 50 level to support the price rally towards hitting the previously suggested initial target.
Expected trading range is between 170.10 and 172.70
Expected trend for today: bullish